Sunday, June 10, 2007
Hillary Clinton apparently does not support a trade agreement with South Korea, saying it "would harm the U.S. automotive industry and put American jobs at risk." Strange. While American automakers that utilize union labor continue to be forced to layoff workers and are unable to compete with foreign companies, companies like Toyota are flourishing, despite doing a lot of their manufacturing in the US. Toyota continues to grow, to great benefit to the US economy. I'm certainly no expert, but it seems to me that union restrictions and demands seem to do more harm to the automobile industry than foreign trade.