Texas Insider Report: WASHINGTON D.C. Rep. Gene Green issued the following statement on the proposed free trade agreements that are scheduled to be voted upon in the U.S. House of Representatives tonight:
At a time when 14 million Americans are out of work one million in Texas alone - it is important that Congress not turn its back on our nations working families by voting for trade agreements that would hurt our domestic manufacturers. The Korea Colombia and Panama Free Trade Agreements are based on the same failed model as NAFTA which has been one of the biggest factors in undermining our nations manufacturing base over the past 15 years.
Texas alone has lost 150199 manufacturing jobs since NAFTA was signed and these agreements will lead to further job losses and larger trade deficits. The Economic Policy Institute estimates that the Korea and Colombia trade deals will displace 214000 American jobs and increase our trade deficit by nearly $17 billion. This is why I am opposed to all three agreements and intend on voting against them when they come before the U.S. House of Representatives.
I am a strong supporter and will vote in favor of the Trade Adjustment Assistance program when it comes before Congress. This program provides vital support and services for workers who are displaced by foreign trade."