Tuesday, April 12, 2011

Multinationals always get what they want

Unfortunately, workers don't get what they need.

Lobbyists for multinationals are predicting Congress will approve three bad trade deals by July: with South Korea, Colombia and Panama.

The South Korea trade deal will cost U.S. jobs and increase the deficit. The Colombia trade del will do the same, while encouraging more murders of more trade unionists. The Panama trade deal will further encourage coporations to avoid paying taxes as Panama is one of the world's worst tax havens.

Public Citizens' Lori Wallach had a good take on the deals: "damaging, heartbreaking, infuriating and disgusting."

Economic Populist reminds us that multinational corporations have no loyalty to America. Wish our dear leaders would remember that.