The dividends of FTAs pay off again

[rpannier]

From the Hankyoreh in Korea

"Nissan had originally been considering an expansion of its US plants in light of the increased demand for the Rogue, but ended up going with the Busan plant as the strategic advantages became more and more apparent," said a Renault-Samsung official.


Sources said Ghosn had taken note of the effects from South Korea's free trade agreement with the United States.


link:
http://english.hani.co.kr/arti/english_edition/e_international/543622.html

[No Elephants]

1. No doubt the UAW is thrilled, as are all the other folks who would have

benefited, directly or indirectly, from increased auto manufacture in the U.S.

Taxpayers bail out the executives and stockholders of Chrysler and GM, and taxpayers also pay for incentives to take American jobs overseas. Win win.

For the investor class.

BTW, has anyone noticed how many shows on PBS now are urging all of us to invest in Wall Street? The more pension funds and average joes and janes who invest in Wall Street, the less resistance there will be for things that benefit the investor class.

But, that game is rigged, folks. The 1% did just fine, despite the crash of 2008. Pension funds, not so much.