Free Trade Good for Large Corporations, Bad for the US Economy

Sen. Bernie Sanders (I-VT) wrote a piece at the Huffington Post about Costa Rica becoming the first nation where citizens will be allowed to vote on trade agreements. The vote took place yesterday and early results are showing the trade agreement passed with 52% of the vote.

Here is some of what Sen. Sanders had to say about the downsides of free trade...

Free trade is very good for the large multinational corporations who can throw American workers out on the street, move abroad to China and other low-wage countries, hire people there for pennies an hour, and bring their products back into this country. For those people, for the CEOs of large corporations, unfettered free trade has been a very good thing, but for the middle-class and working families of this country, for working families and poor people in Mexico and in other low-wage countries, unfettered free trade has been an unmitigated disaster.

Increasingly, trade policy is not a partisan issue. The vast majority of Republicans now have serious concerns about our current trade policies because they see those trade policies as being harmful to the middle class and working families of this country, according to a new poll. "By a nearly two-to-one margin, Republican voters believe free trade is bad for the U.S. economy, a shift in opinion that mirrors Democratic views and suggests trade deals could face high hurdles under a new president. The sign of broadening resistance to globalization came in a new Wall Street Journal-NBC News Poll that showed a fraying of Republican Party orthodoxy on the economy," The Wall Street Journal reported in a page-one news story on Thursday.