2016 Postmortem
Related: About this forumWhat do we ordinary Americans have to gain from yet another trade agreement, i.e., the TPP?
The choice is not between trade and no trade.
We can trade with any country we want to trade with even if we reject the TPP.
What good will this trade agreement do us, ordinary Americans?
What benefit could we possibly get from it?
A few corporations might possibly benefit from it, but couldn't they compete just as easily without it if they were really well managed?
Bernie warns that we have lost 60,000 industrial plants and 5 million jobs in America since 2001, in part because of our previous trade agreements. (From an e-mail Bernie sent out this morning.)
And then there is our every growing trade deficit.
Don't take my word for it.
The U.S. trade deficit in manufactured products increased to $524.2 billion in 2014, an increase of $76.8 billion (17.2 percent) from 2013. This was nearly an all-time high, as shown in the figure. Growing trade deficits in manufactured products have been a primary driver in the displacement of U.S. manufacturing jobs since 2000. Trade deficits in manufactured products, which have increased over the past five years, remain a substantial threat to the recovery of U.S. manufacturing employment and production.
Growing U.S. goods trade deficits reflect reduced demand for U.S.-made goods, especially manufactured products, which make up more than 85 percent of U.S. goods exports. China, and the members of the proposed Trans-Pacific Partnership (TPP), were important contributors to the growing U.S. trade deficit in manufactured goods in 2014. (In addition to the U.S., the TPP includes Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.)
The U.S. goods trade deficit with China increased by $23.9 billion (7.5 percent) in 2014, to $342.6 billion and the U.S. trade deficit with the 11 TPP partners increased by $1.4 billion (0.9 percent) to 155.0 billion (which includes re-exports).
. . . .
U.S. trade and investment deals such as the North American Free Trade Agreement and the U.S.-Korea Free Trade Agreement, and Chinas membership in the World Trade Organization, have resulted in growing U.S. trade deficits and job losses and downward pressure on U.S. wages. Several members of the proposed TPP are well known currency manipulators, including Malaysia, Singapore, and Japan. In fact, Japan is the worlds second largest currency manipulator, behind China. The United States should not sign a trade and investment deal with these countries that does not include strong prohibitions on currency manipulation.
http://www.epi.org/publication/increased-u-s-trade-deficit-in-2014-warns-against-signing-trade-deal-without-currency-manipulation-protections/
WE DO NOT NEED THE TRADE COURTS THAT THESE AGREEMENTS IMPOSE ON US.
AND IF WE WANT CURRENCY REGULATION, WE SHOULD GET A SEPARATE AGREEMENT ON THAT. WE CAN WITHDRAW OUR CURRENT TRADE AGREEMENTS OR CHANGE THE TRADE STATUS OF COUNTRIES THAT MANIPULATE THEIR CURRENCY.
There are alternatives, better alternatives, to these corporate-negotiated, corporate-favoring trade agreements.
Why doesn't Congress protect the American people and American jobs for once and not just corporations and their profits.
MindfulOne
(227 posts)I'm curious.
JDPriestly
(57,936 posts)as was favored nation status for China.
That pretty much tells you where she really stands no matter what she says -- unless of course she apologizes for getting us into the mess our existing trade agreements have gotten us into.
magical thyme
(14,881 posts)and checks the weathervane.
Art_from_Ark
(27,247 posts)Color me shocked
Tierra_y_Libertad
(50,414 posts)magical thyme
(14,881 posts)Fawke Em
(11,366 posts)I know that's sometimes seen as "woo" around here, but you can't tell me with Bilderberg and the other big corporate meetings that these people don't collude to soak all the money up from every country.
magical thyme
(14,881 posts)the freedom to pollute at will; to take water at will; to shut down real family farms and organic growing at will and replace any healthy food supply with herbicide/pesticide/lifecide shit. So we can bow-down and pay them for the right to exist.
TimeToEvolve
(303 posts)and i will show you a bloodsucker"
reformist2
(9,841 posts)JDPriestly
(57,936 posts)Broward
(1,976 posts)restorefreedom
(12,655 posts)that is what bernie says we can look forward to
the 1% wins again
Angry Dragon
(36,693 posts)JDPriestly
(57,936 posts)We just stop or threaten to stop trading with countries that don't trade fairly.
The trade agreements facilitate unfair trade because it is hard to get out of them.
And a system in which corporations are the primary enforcers of our trade agreements equals putting the foxes in charge of the hen house.
These trade deals are unnecessary and hurt our national markets, our small businesses and our country. They have devastated our industry and our small towns.
No, no, no, no, no to the TPP.
Angry Dragon
(36,693 posts)msongs
(67,394 posts)which we will all be sued if we violate them. It means surrendering sovereignty to obama's buddies from the block in the neighborhood to the capital
jwirr
(39,215 posts)TimeToEvolve
(303 posts)PowerToThePeople
(9,610 posts)JDPriestly
(57,936 posts)RiverLover
(7,830 posts)How can they screw us in broad daylight like this???
How can we keep allowing it?
The corporations of the world are uniting, and its not good at all for those of US not sitting in boardrooms.
Such a good point too, JD, re: currency manipulation. It really NEEDS to be handled & prohibited separately for each country.
sabrina 1
(62,325 posts)This will determine who wins this election imo.
Will Hillary reverse her support for this abomination now?
And who will believe her?
Bernie has opposed it all along.
The people oppose it.
Why are our 'leaders' no listening to the people?