Obama puts Congress on notice: TPP is coming

[nationalize the fed]

Politico.com By ADAM BEHSUDI 08/12/16

The White House put Congress on notice Friday morning that it will be sending lawmakers a bill to implement President Barack Obama’s landmark Trans-Pacific Partnership agreement — a move intended to infuse new energy into efforts to ratify the flat-lining trade pact.



The move establishes a 30-day minimum before the administration can present the legislation, but the White House is unlikely to do so amid the heated rhetoric of a presidential campaign in which both major party nominees have depicted free trade deals as massive job killers.

Friday's notification is the clearest signal yet that the White House is serious about getting Obama’s legacy trade deal — the biggest in U.S. history — passed by the end of the year, as he has vowed to do despite the misgivings of Republican leaders and the outright opposition of a majority of Democrats in Congress.

Striking a defiant tone, Obama predicted at a press conference last week that the economic centerpiece of his strategic pivot to Asia would pass in the lame-duck session, saying he’d like to sit down with lawmakers after the election to discuss the "actual facts" behind the deal, rather than toss it around like a "political football."...snip
Read More: http://www.politico.com/story/2016/08/obama-congress-trade-warning-226952

Candidate Obama: NAFTA was a Mistake

[forest444]

1. To what? The International Criminal Court?

[villager]

2. "White House determined to end tenure with one final, massive betrayal." nt

[CentralMass]

3. Article: Why TPP Is a Bad Deal for America and American Workers

http://rooseveltinstitute.org/why-tpp-bad-deal-america-and-american-workers/

[nationalize the fed]

5. +1 excellent

Here's the late Sir James Goldsmith in 1994. The parts with Laura D'Andrea Tyson are especially interesting (about 15:38m mark)

RIP Sir. You tried.

[CentralMass]

8. It looks like Sir James Goldsmith had this nailed back in 94.

Great interview. I'll finish up watching it.

[OnDoutside]

16. I just watched it again for about the 6th time over the years, and it is still an extraordinary

hour. Goldsmith nailed it 100%. I wonder what Tyson thinks about it now ?

Personally I think trade agreements are good, but for me, how the hell were the likes of the Rust Belt workers just allowed to wither and die ? That was the real issue, there was no attempt to retrain these guys.

P.S. Interesting Sir James mentions about the lack of investment in US infrastructure, 22 years ago !

[enough]

4. Calling attention to one of my major disagreements with the President.

I wish he would stop doing this, but of course he won't.

Hating Trump is going to serve us fine between now and the election, and then, with HRC as President, we will have to get back to the reality of the state of governance/politics in our present time.

It may be, at that point, that the impossibility of criticizing Obama or Clinton, will just shut slowly this site down permanently, as we will have moved seamlessly into one-party rule of the USA.

[onecaliberal]

6. Dems in congress need to meet this statement with a huge middle finger to the White House.

[SammyWinstonJack]

11. +1000000!

[doc03]

7. If the Republicans pass it and he signs it the Democrats will own it, just like

NAFTA. They passed it and Clinton signed it and now Clinton gets 100% of the blame for it. The Democrats have to all
vote it down.

[Shandris]

9. No, the Establishment betrayed the electorate?

Tell me it isn't so. Oh, no, the sheer surprise. No, really. I'm totally shocked.

Good thing we voted for more of the same, huh.

[ananda]

10. NO!

TPP is NOT coming anywhere any time.

[TheBlackAdder]

12. TPP will give the Pacific Rim to China, just like how NAFTA gave Central & South America to them!

.


The difference between US business and China is that China acts as a collective state.

When they move into a country, they don't hire locals for their factories, they bring in labor from the mainland.


NAFTA, while nicely premised with good intentions, has caused 7 Central & South American countries to become chief trading partners with China and 6 more nations are about to shift the bulk of their import-exports from the US to China within the next 5-7 years.


China acts as a mercantile nation. They are not bound by the job, financial, and social constructs of NAFTA.
They move into a country and say, deal with us and we won't hold you to the same standards that NAFTA nations do.
They then pay people lesser wages and make 10-20 year or more contracts for guaranteed raw materials that China needs to produce its goods for the world. This completely undercuts NAFTA's goals. Then, China sells those finished goods to the same countries below the costs locals or other imports can provide them. This puts locals out of work. Since they have less money, they become even more dependent on Chinese goods.

(This is the same shit that Wal*Mart does. They move into an area, sell their goods lower than other Wal*Mart stores to undercut and drive local businesses out of competition, which causes people to lose jobs. Wal*Mart benefits from low wages, that force people onto government programs--something local businesses cannot do. As people lose their jobs, they have less buying power and rely more and more on Wal*Mart's goods, feeding this vicious cycle.)


This is why China does not sign onto TPP... because they will undercut TPP and walk away with the keys to the kingdom.


.

[Hoyt]

13. There is another side.

http://time.com/4061197/tpp-obama-legacy/

[nationalize the fed]

14. ^

[yallerdawg]

15. ICYMI !!!

"Battle lines are being drawn!"

Will we look to the future...or refight the past?

[FLPanhandle]

17. Dead on arrival

No way the republicans will pass anything that Obama wants.

No way the Democrats will pass such a trade bill during an election year.

DOA