KORUS as a whole will contribute to the increasing financialization of our economy at the expense of our manufacturing base. Yet oddly, by leveraging payback for its various bailouts differently, the Administration has elicited cries of support from both the finance and the manufacturing industry.

Or maybe it’s just that unlike the UAW, the banksters have found a way to roll Obama over and over.

Labor unions came out in force against the Obama Administration’s NAFTA-style Korea Free Trade deal today, breaking nearly a week of silence since the agreement was dropped late Friday night.

The AFL-CIO labor federation, the United Steelworkers (USW), and the Communications Workers (CWA) all released simultaneous statements Thursday afternoon saying they would oppose the Korea Free Trade deal.

Rep. Linda Sanchez’s statement on President Obama’s NAFTA-style U.S. – South Korea Free Trade Agreement, announced yesterday