03
Dec
10

remember that “failed” asia trip?


USA Today: The three-year-old free trade agreement with South Korea finally may be ready for congressional passage.

The Obama administration said today that their negotiators reached a deal with their South Korean counterparts on auto imports, exports and tariffs, the major stumbling block that had prevented the president from signing a revised treaty during a visit to Seoul last month.

Under the agreement, South Korea would cut its 8% tariff on U.S. automobiles in half and eliminate it in five years. The United States would keep its 2.5% tariff on South Korean autos during that five-year period. Automakers would get flexibility on meeting South Korean environmental standards.

Without the deal, the U.S. Chamber of Commerce had estimated that 345,000 American workers could lose their jobs.

U.S. automakers exported less than 6,000 cars to South Korea in 2009 while South Korea has used its historically closed market to finance an aggressive push into the U.S. market, exporting 476,000 cars to the U.S. in 2009. The imbalance is so severe that automotive trade accounts for a full three-quarters of the $10.6 billion U.S. trade deficit with South Korea.

Business groups immediately hailed the breakthrough in negotiations, which came after four days of nearly round-the-clock negotiations in Washington.

(Hey, the Leftbaggers and Teabaggers have united yet again! They both oppose the deal, largely because they’re terrified it’ll be a success)

Three weeks ago….. AP: The President struck out in his attempt to close a new free-trade pact with Seoul …. It was an embarrassing setback for a president who stressed that the top objective of this trip was to cement agreements that would help create jobs at home…

…Obama said he needs “extra time” to reach agreement with longtime ally South Korea on a new free-trade agreement. He said he “wasn’t interested in making an announcement” just to send a signal of success and said he thinks any such pact can — and must — can be a “win-win” deal for the United States.

So, the President asked for patience. Deal. Done. 😉 Who’s embarrassed now?

President Obama hailed the agreement as he was returning on Air Force One from a surprise trip to Afghanistan:

I am very pleased that the United States and South Korea have reached agreement on a landmark trade deal that is expected to increase annual exports of American goods by up to $11 billion and support at least 70,000 American jobs. Last month in Seoul, I directed our negotiators to achieve the best deal for American workers and companies, and this agreement meets that test.

American manufacturers of cars and trucks will gain more access to the Korean market and a level playing field to take advantage of that access. We are strengthening our ability to create and defend manufacturing jobs in the United States; increasing exports of agricultural products for American farmers and ranchers; and opening Korea’s services market to American companies. High standards for the protection of worker’s rights and the environment make this a model for future trade agreements, which must be both free and fair.

Today’s agreement is an integral part of my administration’s efforts to open foreign markets to U.S. goods and services, create jobs for American workers, farmers and businesses, and achieve our goal of doubling of U.S. exports over five years. It deepens the strong alliance between the United States and the Republic of Korea and reinforces American leadership in the Asia Pacific. I look forward to working with Congress and leaders in both parties to get this done and to ensure that America competes aggressively for the jobs and markets of the 21st century.

More info here

President Barack Obama greets South Korean President Lee Myung-Bak during their bilateral meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010. (Official White House Photo by Pete Souza)


12 Responses to “remember that “failed” asia trip?”


  1. 1 Sue in Minnesota
    December 3, 2010 at 6:54 pm

    With ever measure of progress, we are forced to endure the same old “dog and pony show” at the hands of the MSM. Blah, Blah, blah,
    fail, blah, blah fail, blah, blah..opps……progress. Can’t Americans see through our pretentious media?

  2. 2 TrumpDog
    December 3, 2010 at 7:03 pm

    So the AP will update it’s story which initially painted the trip as an embarrassing failure, right?

    *crickets*

    Yeah, I thought so.

    Thanks for the great news. 350,000 jobs saved but who cares. What did Palin Tweet today, that’s what’s important to the “liberal” media. 🙄

    • December 3, 2010 at 7:17 pm

      I’m astounded, Mark Halperin actually has this as his lead story on the Time site. Usually his ‘Page’ reads like this:

      **** PALIN TWEETS: SHE JUST SCRATCHED HER NOSE!!!!!! ****

      (Meanwhile, in other news, unemployment has fallen to 1.3%)

      • 4 TrumpDog
        December 3, 2010 at 7:24 pm

        I’m astounded, Mark Halperin actually has this as his lead story on the Time site. blockquote> No way!

        Usually his ‘Page’ reads like this:

        **** PALIN TWEETS: SHE JUST SCRATCHED HER NOSE!!!!!! ****

        LOL!!!!:grin:

        • December 3, 2010 at 7:52 pm

          🙂 Seriously, Halperin is utterly OBSESSED with that creature – even more than the rest of the MSM. Day after day after day his lead story is something ridiculous about her, eg she’s doing a book-signing in Big Chuck’s bookstore in north-west Smalltownsville. WTF?! Someone on Twitter asked him if he had a poster of her on his bedroom wall – I’m assuming he has. Idiot.

          • 6 TrumpDog
            December 3, 2010 at 8:52 pm

            Someone on Twitter asked him if he had a poster of her on his bedroom wall

            I seriously laughed out loud!
            Haha 😀

          • 7 Sue in Minnesota
            December 4, 2010 at 12:08 am

            “Big Chuck’s” was coffee spewing lol. Oh, and spot on reference to Palin, she is a creature, from the netherworld. Laughter is the Best Medicine!

  3. 8 Rebecca
    December 3, 2010 at 10:51 pm

    All together now – drown out the negativity with the truth. Let the voice of the true people (not the paid propagandists) RISE. Keep reporting and thank you.

  4. 9 Lovepolitics2008
    December 3, 2010 at 11:38 pm

    It has to be approved by Congress…

    We all know it could take time…… I bet President Obama won’t make a lot of noise about it. If it goes under the radar, maybe republicans won’t be afraid to vote for it.

  5. December 4, 2010 at 8:11 am

    This is great news for the USA, and the Obama Administration, the trade deal also an added 70,000 jobs in addition saving 350,000 jobs. The MSM forget President is said to be a pretty good poker player. He is good on strategy. Notice he let all the talking heads say whatever they want for days until he get his cards in a row. He won’t take something just for the heck of it. To say he got a win. Then when he flips his win. They all look like fools. Remember Healthcare? Remember he was supposed to be down and out. No Bill. This man never show his full hand until he feels he may have a win. Over and over he have done this. And the MSM still don’t get it.

    President Obama was my State Senator, my US Senator now my President. I could not be more proud of him. He will always compromise a little to get what he want, but he will get the bulk of what he asked for. This man have the patience of Job. I just wish the MSM will stop trying to just make news and stick to the facts. Which are more often than not favorable to the Obama Administration, and President Obama.

  6. 11 Sue in Minnesota
    December 4, 2010 at 3:25 pm

    The pattern is well established, as I mentioned above. I find it truly insane behavior, and one reason why the MSM has lost all credibility with me. That and their very blatant promotion of the evil piece of crap named Sarah.

    It’s why I am really reluctant to get in the weeds on the issue of the middle class tax cuts. All the emoting and frothing of the mouth that is being whipped up, is IMO wasted energy, unneccessary, and succeeds only to widen our divides. As someone who strives to have a balanced perspective, values pragmatism and respects community, our current political landscape is almost more than my patience can bear.

    And then I am encouraged, by, as BWD would suggest, “the only adult in the room”. President Obama has earned my trust, his walk matches his talk; he has earned my respect, for his decency, his demeanor, his enormous energy and his strident determination. He leads by example, and fortunately for America with an incredible intellect and a generous heart. So I may turn my back on the MSM, and the froth of the day, but I will not turn my back on our President.

  7. 12 Bobbie J
    December 4, 2010 at 7:09 pm

    He keeps making the press eat their words.

    But don’t worry the press and the progressives will find some reason to throw darts at the agreement.


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