alex

Last active
2 years, 6 months ago
  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 23:24:25View | Delete

    I love how I cant comment on the other story anymore.

  • I bet those numbers are similar to numbers in the US or the Netherlands.

  • You did. How else do you challenge US laws?

  • Average Korean Wage in 2005 was 26,152.
    http://www.worldsalaries.org/korea.shtml

    Wake up People. They aren’t China.

  • ARE YOU SERIOUS? Are you trying to say that the only reason SK is wealthy is because of an illegal sex trade? *edited in moderation*

    They are a wealthy country. That’s a fact. They are wealthier some countries in western europe. You can argue about opinions (whether this is a good deal or not) but you cant argue about the facts. A fact is a fact.

    MODNOTE: disagree with the messenger but do not insult or attack the messenger

  • When is the last time you heard of a foreign company suing the US federal government in a private foreign tribunal? Look, for the decision to be binding, US courts have to accept the judgment, and they won’t except private tribunal’s decision. They won’t because US gov’t can only be sued in the US. If one attempts to enforce a judgment overseas in a overseas court, the US would view that as an act of war. (the only way to enforce it overseas would be to confiscate US property)

  • really? do i have to spell it out for u? you don’t know any middle class Americans or Koreans that travel by airplane or purchase gasoline? Are you kidding me? Think about it. As the wealthier they become the more airplane trips they will take. This will force Air Korea and other Korean airlines to purchase more planes. As Koreans buy more, businesses produce more products they will need more materials. How do they get those materials, they have to drill into the earth.

  • What do you think a foreign tribunal is? Answer: A South Korean Court. This provision is all the trade deals we make. It only means that we respect decisions made by foreign courts. I’m currently at BU LAW and we did just go over this in civil procedure. However, US courts do not have to enforce foreign judgments. They are allowed to disregard them for a variety of reasons (but there has to be a good reason-lack of jurisdiction, unfair procedural rules, laws we do not recognize etc.)
    All I am saying is look at this objectively. SK reduced tariffs and non-tariff barriers to a far greater extent that the US did. It’s a good deal.
    They are NOT a low wage country. They are highly developed. With a large middle class.

  • The tariff barriers our autos face in SK right now is 9% and it gets reduced to 4% immediately and then to 0% over a few years. But those numbers are irrelevant because of all the non-tariff trade barriers we face. This treaty goes to reduce those barriers. This will allow for more exports to SK. This reduces tariffs on a range of goods we sell to SK. Europe signed a deal with SK already if we hadn’t then a lot of our good we sell to them would face tariffs. Do you think they are going to buy planes from boeing if there is a tax on those planes when they could buy planes from Airbus in Europe when there is no tax. We sell them a lot of the same stuff Europe does. So if we don’t sign a deal our manufacturers will lose out to Europe. Boeing is just one example there are plenty more from Caterpillar to Dupont to you name it.
    We sell them a lot of high tech manufacturing goods like Airplanes, satellites, drilling equipment etc.

  • In 2005, the average income in South Korea was $26,152 http://www.worldsalaries.org/korea.shtml. They are a wealthy country. Stop with the scare tactics. A trade agreement with South Korea is like a trade deal with Belgium. Companies aren’t going to outsource to South Korea to get low wages. This deal just allows both countries to trade goods at a lower costs. We can benefits from cheaper South Korean goods and services and they will benefit from cheaper US goods and services.
    I ask all you pessimists, which sector is going to lose jobs? Apparently this will benefit the Auto sector and auto jobs because Ford and the head of the UAW support it and it reduces tariff and non-tariff barriers to SK.

    This trade agreement is much better than the status quo. How does this deal benefit South Korea at the expense of the US? It doesn’t. This is a very fair and mutually beneficial deal. It will boost jobs and economic growth. Free trade boosts growth by boosting production because countries specialize in certain industries, which allows them to outproduce their competitors. Its called comparative advantage. Think about it like this: If the US didn’t trade with anybody, we would be a much poorer nation. Trade increases competition, reduces costs, and allows our markets access to goods and materials that would otherwise be inaccessable

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 21:37:49View | Delete

    Look a lot of the deals we have cut in the past haven’t been “free” trade. Like I said trade with some countries like China and others have not been “free” and thus not been beneficial. Trade with countries like China have lead to massive outsourcing. This trade deal is better than the status quo. I’m very liberal man. Just because I believe in free trade doesn’t mean I dont believe in Single Payer, Legalization of all drugs (including crack and heroin), Cap and Dividend (Not cap and trade which is regressive), universal pre-k and College education, a min. living wage, against both wars, argued for a greater stimulus and the list goes on and on. I’m sorry to disappoint you, but you can be liberal and believe in free trade. A lot of my friends are liberals and believe in free trade. It’s actually not all that uncommon.

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 21:07:04View | Delete

    Neither man. I’m so far to the left of Obama and the democrats, I can’t even see them. I bet you I am far to the left of you too buddy. I was an economics major in college. I took a lot of developmental, keynesian, socialist, marxist, and international trade classes. This is my honest belief, as a far left liberal, that free trade is good for the US and the world. If you don’t believe me look at the great depression. My withdrawing from free trade (the US raised tariffs signifcantly) it harmed the US and Global economy because other countries followed suit. This lead to economic decline and instability in many countries that were export oriented such as Germany and we all know how that turned out.

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 20:53:12View | Delete

    In 2005, the average income in South Korea was $26,152 http://www.worldsalaries.org/korea.shtml. They are a wealthy country. Stop with the scare tactics. A trade agreement with South Korea is like a trade deal with Belgium. Companies aren’t going to outsource to South Korea to get low wages. This deal just allows both countries to trade goods at a lower costs. We can benefits from cheaper South Korean goods and services and they will benefit from cheaper US goods and services.
    I ask all you pessimists, which sector is going to lose jobs? Apparently this will benefit the Auto sector and auto jobs because Ford supports it and it reduces tariff and non-tariff barriers to SK.

    This trade agreement is much better than the status quo.

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 19:31:09View | Delete

    South Korea is not a poor country. They have a large middle class. We have a lot of stuff to sell them (software, entertainment, high tech manufacturing (airplanes, satellites, etc.) Do you have any idea what the non-tariff trade barriers are in South Korea right now with respect to Autos? This treaty does quite a bit in reducing both tariff and non-tariff barriers. An increase in Auto exports leads to more auto jobs here. I took a class on East Asian Developmental Economics. I know how some trade like trade with China can lead to outsourcing of millions of jobs. But South Korea is not China. They are far wealthier and do not manipulate their currency.

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 19:25:02View | Delete

    Hey Dakine, if you are going to criticize as worse than the status quo cite the statistics or the language of the agreement to back up what you are saying. The agreement is going to boost auto exports to Korea (which in case you were unaware will increase manufacturing jobs). Why else would Ford who originally was against the treaty now be for it? It is because it reduces tariff and non-tariff bariers to South Korea. Besides South Korea is a pretty wealthy country. Their wages aren’t that much lower than ours. It’s not like manufacturers are going to go their to take advantage of cheap labor.American can either embrace globalization and help shape it or get run over by it. It’s really that simple. This trade agreement is in our national interests.

  • alex commented on the blog post US Reportedly Reaches Agreement on South Korea Trade Pact

    2010-12-03 18:49:15View | Delete

    It’s so easy to criticize, whine, and complain. Both the left and the right are great at it. but please, if we are going to criticize something lets criticize it on the merits. This trade deal is in the interests of the US. It will create jobs and boost growth while strengthening ties to a very close and important ally. This trade deal is far better than the status quo for the US. Yea its true that it is going to shift jobs overseas, but it will also create jobs here. We can either be a participate and shape globalization are get run over by it. I’m glad this president has decided to keep the US in the game. This is all coming from a guy who believes in single payer, cap-and-dividend, and legalization of all drugs, so I’m not some neoclassical-neoconservative republican who blindly follows anything that resembles free trade.

  • alex became a registered member

    2010-12-03 18:39:46View | Delete