WASHINGTON, May 12 – In a Senate floor speech today opposing a proposed Trans-Pacific Partnership trade agreement, Sen. Bernie Sanders (I-Vt.) recited a litany of bogus claims by previous trade deal backers which turned out to be wildly inaccurate.
Backers of the North American Free Trade Agreement, Permanent Normal Trade Relations with China and other business-backed trade deals claimed that they would generate jobs in the United States. In fact, economists now say, those pacts were a major reason why some 60,000 American factories closed since the turn of the century as manufacturers shifted jobs to low-wage nations overseas.
“These folks have been proven wrong time after time after time,” Sanders said.