Man Costs Millions of Americans Their Jobs, Biden Hires Him

Biden has hired the man behind a trade deal that cost millions of American manufacturing jobs...
Joe Biden Standing And Smiling

Even though President Donald Trump is still pursuing legal actions related to the 2020 election, Joe Biden is beginning to build his incoming cabinet after the media declared him the winner.

One of the first people Biden has hired to work in his White House is the man behind a 1990s China trade bill that cost Americans millions of manufacturing jobs, the Daily Caller reported.

Steve Ricchetti has been hired as a White House counselor and previously served as Biden’s chief of staff when he was vice president under President Barack Obama. Ricchetti also served as deputy chief of staff to President Bill Clinton.

“Clinton credited Ricchetti for leading negotiations with Congress in 2000 to pass a bill that established so-called Permanent Normal Trade Relations (PNTR) between China and the U.S. The bill also paved the way for China to join the World Trade Organization, which opened the communist regime’s historically closed-off economy to the West,” the Caller’s Chuck Ross reported. “Ricchetti served as liaison between the Clinton White House and Congress to wrangle votes in support of PNTR, which faced heavy opposition from Democrats.”

House Speaker Nancy Pelosi (D-CA) said back in April 2000 that on “the basis of trade alone there is enough reason to oppose PNTR at this time.” Clinton, however, said America’s “products will gain better access to China’s market in every sector from agriculture to telecommunications to automobiles” while China would gain “no new market access to the United States.”

Of course, China violated the trade agreement, like it had every other trade agreement it made with the U.S., and millions of manufacturing jobs were lost overseas.

Trump proves Obama wrong

The Obama administration told the manufacturing industry that jobs weren’t coming back, but Trump proved them wrong and not only brought manufacturing employment back to where it was before the Obama administration, but increased the number of jobs before the coronavirus pandemic, according to data from the Federal Reserve Bank of St. Louis.

Biden promised during his campaign to bring back manufacturing jobs, so hiring Ricchetti seems like a step in the wrong direction.

“PNTR has come under intense scrutiny in the two decades since its passage, due in large part to China’s meteoric economic rise and the perception of heavy U.S. manufacturing job losses,” Ross wrote. “One widely-cited study from a pair of Yale researchers found that PNTR caused a “sharp drop” in the number of U.S. manufacturing jobs.”

Those researchers found manufacturing employment dropping 18% in the seven years after the PNTR was enacted, finding a link between the losses and the trade agreement.

Not that he’s a paradigm of economic brilliance, but Sen. Bernie Sanders (I-VT) noted in 2005 how disastrous the trade agreement had been. Calling it an “absolute failure.”

“The word has got to go out loud and clear to companies like Walmart, GE, GM, IBM and dozens more, as well as the U.S. Chamber of Commerce, that they cannot keep sending America’s future to China,” Sanders said at the time.

While Obama acknowledged recently that he should have done more to counteract China’s regime, Biden has avoided criticizing the communist nation, where his son Hunter was able to secure millions of dollars in business deals.

6 Comments on this post.
  • Cliff
    19 November 2020 at 8:42 pm
    Leave a Reply

    Keep voting democommunist, and you all will continue to get what you deserve. higher TAXES, more CRIME, more regulations,NO “police”, soros/ DNC-PAID gangs terrorizing anyone that does not agree with the left-win “rulers”, deception, and the END of our Constitutional Republic that will changed into a communist-controlled cesspool, and the citizens into controlled “subjects”. Forget about “owning” anything if COMMUNISM is “installed”. You DREAMS of “free stuff” and “special treatment” will come to an END.

  • Alan
    19 November 2020 at 8:52 pm
    Leave a Reply

    It’ll only get worse for the next 4 years if we end up settling for Joe. Maybe the stupid vaccine will come out before we give Joe the old heave ho. You do have to be stupid not to acknowledge the huge economic gains over the last 3 1/2 years. The same 3 1/2 years the Democrats spent 45 million on lawyers chasing the impeachment farce.These gains aren’t fairy tales, they’re hard cold facts and data. Back to the (ahem) election as Yogi said “It ain’t over til the fat lady sings” and I don’t hear her singin’ yet.

  • Dan Williams
    19 November 2020 at 8:56 pm
    Leave a Reply

    Elections have consequences. So far, all we can look forward to is the third term of the Obamanation! Keep your hand on your pocketbook!

  • Audrey Jane Spaulding
    19 November 2020 at 9:24 pm
    Leave a Reply

    I am appalled that Biden should suggest that Obama and the Democrats refuse to acknowledge that our Economy is just now not doing well. I remember Obama saying” I won’t run again if I can’t bring the Economy back after Bush and Clinton. Obama didn’t do one thing for the Economy at all. None of them are businessmen, they are all Politicians. That is why Trump need to be in again for another Term. He is brash and he is quick and decisive in all he does. A business man is what we need to help get this going. Biden has Dementia. If the news is saying that he is making the decisions. Then they don’t know what they are talking about. Kamala is the one making remarks and decisions. Biden is just a means of promoting nothing. Biden is not President. Your all a big bunch of dirt bags.

  • Dolores
    20 November 2020 at 2:07 am
    Leave a Reply

    The media CAN NOT announce the winner of this election.

  • Karen Y Marston
    20 November 2020 at 5:46 am
    Leave a Reply

    Biden does not care about American jobs. Isn’t it obvious that he takes care of himself and his son at all costs and gets by with it.

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