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  • Rep. Peter Roskam (R-IL) on Trade: President Obama Needs to Lead

    This fall the left ran millions of dollars worth of ads demonizing free trade and “foreign money.” Now President Barack Obama is in Asia negotiating the U.S. free trade agreement (KORUS) with South Korea.

    The case for KORUS should be a slam dunk. The U.S. International Trade Commission estimates that U.S. exports would increase $10–11 billion annually, if the agreement passed. And the U.S. Chamber of Commerce estimates that approving the KORUS would lead to an increase of 250,000 jobs, while a failure to enact the agreement would lead to a loss of $35 billion in exports and a loss of 345,000 jobs.

    Unfortunately the left’s protectionist rhetoric has taken its toll on Congress. From Seoul, South Korea, Rep. Peter Roskam (R-IL) told a conference call today:

    We’ve had a very shrill political campaign, particularly ads that were running in Ohio and some of these others, by the Democratic Congressional Campaign Committee and the DNC and others that were very very harsh. President Obama needs to lead here. And I think he needs to reach out to members of his party in Congress and help on this lift.

    Just five years ago the United States was South Korea’s largest trading partner. But since June 2007 when KORUS was first signed,  South Korea has moved forward with other trade negotiations. Now the U.S. is South Korea’s fourth largest trading partner behind the European Union, China, and Japan.

    It is time for the Obama Administration to stop talking about free trade and begin implementing a trade policy. It’s time for President Obama to lead on trade.

    Posted in International [slideshow_deploy]

    3 Responses to Rep. Peter Roskam (R-IL) on Trade: President Obama Needs to Lead

    1. gerrit, your mom says:

      BEST ARTICLE EVER. EVER.

    2. David Reinertson Ric says:

      If leadership means someday pushing Democrats in Congress to ratify an agreement to replace one signed in 2007 which has resulted in a falling share of exports, I agree. However, we're now at the stage where support from us should take precedence over partisanship. Pushing for an agreement at any cost can only result in poorer terms.

    3. Bobbie says:

      "President Obama Needs to Lead”…who?

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