And when it comes to South Korea, we've got a trade agreement up right now, they are sending hundreds of thousands of South Korean cars into the US. That's all good. We can only get 4,000 to 5,000 into South Korea. That is not free trade. We've got to have a president who is going to advocate on behalf of American businesses and American workers and I make no apology for that" -- Barack Obama October 15, 2008
Washington (CNN) December 4, 2010-- U.S. President Barack Obama announced what he called a "landmark" trade agreement with South Korea on Saturday that he said will increase U.S. exports by $11 billion and support 70,000 American jobs. The agreement would eliminate tariffs on over 95% of industrial and consumer goods within five years.
"It's a win-win for both countries," Obama said. "It will contribute significantly to my goal of doubling U.S. exports over the next five years," he said. "In fact, it's estimated that today's deal alone will increase American economic output by more than our last nine free trade agreements combined."
It's the Bush Free Trade agreement, yes Free Trade has been so successful to the American economy that "today's deal alone will increase American economic output by more than our last nine free trade agreements combined." He says it right to our face but he's not serious. The "U.S. International Trade Commission has concluded that the Korea agreement will increase the overall U.S. trade deficit."
This is corporatized America and when you leave corporate criminals in charge then their rape victims are arrested for disturbing the peace for the crime of crying too loud.
In New Port Ritchie Florida, the Bank of America began foreclosure proceedings against seventy year old Sharon Bullington and her seventy eight year old bed ridden husband after Bullington made her mortgage payment one week too early.
When her husband James was diagnosed with cancer the retiree's began to suffer with money troubles due to hospital bills. The couple asked Bank of America to modify their loan. The bank answered that to qualify for President Obama's HAMP mortgage program the couple would first have to default on their loan.
After doing so, the couple entered the program and the bank lowered their payment from $1,400 to $ 916 per month. On December the 23rd Mrs. Bullington made the January payment and the following month Bullington made the February payment over the phone. She became concerned when the money wasn't withdrawn from her account and after contacting the bank she was told that she had pushed the wrong button for the routing number. In March, Bank of America advised the Bullingtons that they were being removed from the HAMP program and their home was to be foreclosed.
Bullington wrote a letter to Bank of America President Brian Moynihan asking for relief and her pleas were answered by Moynihan aide Ana Olivera.
"In accordance with the Trial Payment Letter dated December 15, 2010, it indicates that if you are not able to make each payment in the month in which it is due, you will not be eligible for a modification under the Home Affordable Modification Program,"
"I understand that you may be disappointed with our final resolution and appreciate the opportunity to clarify this matter, while this may not be the response you were hoping for, I trust I have addressed your concerns."
Olivera then went on to advise the Bullingtons that the couple could avoid foreclosure by selling their home in a short sale or by simply signing it over to the bank. Bullington responded, "I want them to feel how we feel," she said. "I just don't understand why they're doing this. It looks like they're out to get us."
Trillions for the banks, billions for corporations but for you and I, and for the Bullingtons and millions of others we get platitudes, promises and programs. Obama's not serious, he's just leading us down the path as the economy corrodes and wages erode. He's is the governmental equivalent of Ronald McDonald selling us happy talk while serving up bull sh*t.
Bloomberg- August 22, 2011-- "The Obama administration outlined plans today to revamp government regulations that it said would save businesses about $10 billion over five years.
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