The Associated Press just reported the U.S. Department of Labor has been trying to hide results of a report that showed the Central American Free Trade Agreement (CAFTA) is not all its cracked up to be… far from it.Also read "Three Dimensional Economics" by ITT Senior Editor David Moberg. The article reports on the negative impact that the Central American Free Trade Agreement (CAFTA) will have on both Central American and U.S. workers.“CAFTA isn’t likely to expand markets by reducing Central American poverty much either. Flooding their markets with subsidized U.S. corn will hurt many of the rural poor. The North American Free Trade Agreement (NAFTA), the model for CAFTA, offers scant inspiration. Over NAFTA’s first eight years, Mexico lost 1.3 million jobs and suffered declining real wages … and the United States lost 880,000 jobs, according,” Moberg writes.
Tracy Van Slyke, a former publisher of In These Times, is the project director for The Media Consortium.