General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWho has read the TPP? Congressman Sander Levin (D) & here's what he says~
In September 2014, Levin presented a Report to the Council on Foreign Relations reviewing the areas of debate and conflict in the TPP negotiations.
First, Levin emphasized that the Obama administration must respect the 10 May 2007 agreement on trade agreements negotiated between the US Congress and the Bush administration. This deal sought to protect workers rights, environmental protections, access to medicines, and human rights. The US Congressional Democrats have been aggrieved that Obama and his trade representatives have not honoured this deal: That agreement is and must remain a bedrock principle within trade agreements.
Second, Levin called for reciprocity in the TPP. He observed: The TPP presents an enormously important opportunity to transform the trading relationship between the United States and those partners from something that in some cases looks like a one-way street to a fully reciprocal one with healthy flows that go both ways and create opportunities for everyone the way trade is supposed to. Levin highlighted concerns about market access for agriculture, automobiles, currency manipulation, and state-owned enterprises.
Third, Levin stressed that there was a need to protect national sovereignty in the TPP, and the right to regulate. He commented: Reaching for a high bar to increase standards of living, improve worker rights and strengthen environmental protections, and ensure that trade opportunities are reciprocal does not mean the United States gives up its right to regulate in all of the vitally important areas that affect our interests. Levin was particularly interested in defending food safety rules, and tobacco control measures. He was also alarmed by the abuse of investor-state dispute settlement: Investor-state disputes have proliferated in recent years and involve increasingly novel and costly challenges to public welfare and environmental regulations.
Levin commented: While the text must reflect these principles, the devil will be in the details of the text, in the annexes and the non-conforming measures, and in the implementation of the obligations. He stressed that That is true in critical areas, including the environment, state-owned enterprises, labor rights, and a broad range of market access issues. Levin observed that, while the quantity of increased trade is important, in this new era of globalization, the most important test is its quality, its potential impact on the lives of people. Echoing the concerns of the economist Joseph Stiglitz about the TPP benefitting corporate elites the 1% he stressed: The goal must be to ensure that the potential benefits of trade are spread broadly to the many, not just the few.
Levin maintained that there was a need to ensure that the TPP contained appropriate safeguards in respect of labor rights, the environment, and public health. He recalled: The May 10 structure, which I helped negotiate, was a major breakthrough on the rights of workers, environmental protections, and access to medicines, and it is vital that TPP build on them, not weaken them.
Levin emphasized that there should be greater open and transparent democratic debate about the TPP: We need more public input and debate on all of the mentioned issues, as well as intellectual property, food safety and investment....
https://medium.com/@DrRimmer/senator-elizabeth-warren-fights-the-white-house-over-the-trans-pacific-partnership-tpp-3cd7bb0a1c91
uh-oh! a respected Democratic congressman said the goal of the TPP must not be to benefit only "the few"!
He must be like the lunatic fringe here on DU.
blkmusclmachine
(16,149 posts)grahamhgreen
(15,741 posts)Omaha Steve
(99,660 posts)Thanks.
K&R!
OS
RiverLover
(7,830 posts)belzabubba333
(1,237 posts)Wellstone ruled
(34,661 posts)parameters and when the Lobbyist finished with it,we know the results over time. With the Rethugs in control of both houses,same results are guaranteed.
RiverLover
(7,830 posts)to have a rethug majority in both house & senate now.
Interesting bit on Froman, Obama's man for the TPP~
Froman and Obama were not in touch after their time at Harvard until Obama's 2004 Senate run, when Froman volunteered to advise Obama on policy; he introduced Obama to Robert Rubin.[10] In 2008 Froman served on a 12-member advisory board of the Obama campaigns transition team,[2] and joined the White House for a second run in 2009. He went back to the position he held during the Clinton years, as deputy assistant to the president and deputy national security adviser for international economic affairs, at the National Security Council and the National Economic Council until 2013.
On May 2, 2013, Froman was nominated to serve as U.S. Trade Representative. Financial documents provided to the Senate Finance Committee showed he had nearly $500,000 in an offshore fund at Ugland House on the Cayman Islands, which Obama had once described as the biggest tax scam in the world.
http://en.wikipedia.org/wiki/Michael_Froman
Wellstone ruled
(34,661 posts)Obama Froman association at Harvard. That's pretty much nails it. Still the Old Boy Club and who you know and not what you can do for the betterment of the Country. And to thing Citi Group is the one to big to fail Bank that is forecast to be broken-up. Interesting how these issues never see the light of day by the MSM.
closeupready
(29,503 posts)when they are paid bazillions by corpo-interests in exchange for blindness, journalistic incompetence, and outright propaganda devised to serve the interests of the 1%?
staggerleem
(469 posts)... EXACTLY what we can expect from the internet, if our net neutrality efforts fail.
sabrina 1
(62,325 posts)are for it, while Repubs are against it, for now. Therefore, it was argued, we should probably be FOR IT.
RiverLover
(7,830 posts)http://www.washingtonpost.com/politics/obama-hopes-to-enlist-gop-in-push-for-trade-pact-despite-democratic-resistance/2014/12/26/81236a34-8600-11e4-b9b7-b8632ae73d25_story.html?hpid=z1
Up to now, Democrats in congress have been our protective wall against most of Obama's trade plans.
Since 2008, both Harry Reid and Nancy Pelosi had come out against giving President Obama fast-track authority for trade deals, preventing any trade agreement from previously receiving a clean up-or-down vote, a mistake which the next Congress can correct. The most important ongoing trade negotiations that could wrap up as early as next year include the Trans-Pacific Partnership (T.P.P.) with Asian nations, the Transatlantic Trade and Investment Partnership (T.T.I.P.) with the European Union, and reopening trade relations with Cuba by overturning the Helms-Burton Act, effectively lifting the embargo...
http://www.forbes.com/sites/jonhartley/2014/12/31/a-free-trade-new-years-resolution-for-congress-and-the-white-house/
Nonetheless, President Barack Obama has said that he is willing to defy United States Congressional Democrats on his support of the TPP...
https://medium.com/@DrRimmer/senator-elizabeth-warren-fights-the-white-house-over-the-trans-pacific-partnership-tpp-3cd7bb0a1c91
pampango
(24,692 posts)Your response focused on Democrats in congress which is fair enough but it does not disprove the poll that 60% of Democrats in the country support it.
RiverLover
(7,830 posts)Hey pampango, thanks for the info! I'm not being snarky, just wondering If I could get a link to that?
pampango
(24,692 posts)Democratic support for both treaties is stronger than that of Republicans: 60% of Democrats see TTIP as a good thing compared with 44% of Republicans, while 59% of Democrats look favorably on TPP compared with 49% of Republicans.
http://www.pewresearch.org/fact-tank/2014/11/07/why-cant-we-all-get-along-challenges-ahead-for-bipartisan-cooperation/
RiverLover
(7,830 posts)pampango
(24,692 posts)maybe it is for some other reason.
International trade is 23% of our GDP, while it is 2 to 3 times higher (45%-70%) in Canada and most of Europe. I don't know if Canadians and Europeans put trade issues any higher in their list of perceived priorities, but my guess is that they do.
brentspeak
(18,290 posts)Also, the Pew Research Center is a corporate-sponsored think tank which is paid to promulgate pro-"free trade" propaganda.
RiverLover
(7,830 posts)Pew. Really interesting Brentspeak. Knowledge is power.
pampango
(24,692 posts)for fast track authority. Is Hart Research also a "corporate-sponsored think tank which is paid to promulgate pro-"free trade" propaganda"? And, if so, why are you referencing it?
http://www.democraticunderground.com/10026030956#post80
My post from the Pew poll shows a similar percentage of Democrats supporting fast track. Where is the disagreement?
On the issue of trade agreements, divisions within the Republican Party are again apparent. Staunch Conservatives are strongly opposed to granting the president fast-track authority: 76% oppose, only 22% favor. Moderate Republicans and Populist Republicans also oppose this proposal; however, their opposition is more muted. Among Moderate Republicans, 53% oppose, 43% favor; among Populists, 57% oppose, 35% favor.
Democratic groups are more united on this issue. Roughly 50% of Liberals, Socially Conservative Democrats and Partisan Poor favor fast track. New Democrats are more likely than any other typology group to endorse the idea 61% favor.
http://www.people-press.org/1999/11/11/section-6-issues/
Is that because they produce poll results you don't like or do you have evidence or a link to back that up?
And if Pew is so "pro-'free trade'" why don't they produce a poll showing republican (not just Democratic) support for the idea? If (and this is a big IF) their goal was to promote 'free trade' would it not be more effective to produce fake results that showed large, bipartisan support for the idea?
liberal_at_heart
(12,081 posts)I highly doubt the public would be against public debate and input which means not putting it on fast track.
pampango
(24,692 posts)than the Democratic base does.
Fast track does not eliminate public debate though it would limit the ability of republican majorities in both houses to eliminate the provisions, e.g. labor and environmental provisions, they don't like and keep those that liberals don't like.
I am only "obsessed" with it in response to posts claiming that the "Democratic base" hates the TPP and the republican base loves it when the opposite is true.
We all know that the popularity or unpopularity in the polls of a particular policy does not, by itself, make a policy good or bad. Plenty of good policies have been unpopular in polls and plenty of bad policies have been popular. Polls do not show whether a policy is 'good' or 'bad' just how popular it is at a point in time and with which groups it is popular/unpopular.
liberal_at_heart
(12,081 posts)base of the Democratic Party would support not bringing it to the public.
pampango
(24,692 posts)Apparently the Democratic base does not view fast track the same way that you do. Though I have seen no polls confirming it, I suspect that our base supports having a public debate about what is good and what is bad about the TPP then a vote to accept it or reject it. Also, I suspect that if our base comes to see more bad than good in it, they will come around to wanting to reject it.
In any case, I am not surprised that they do not want to give republican majorities in both houses the ability to remove the good stuff and keep (and even add to) the bad stuff in the agreement.
All kinds of international treaties and agreements are negotiated and agreed to then submitted to the Senate or both houses of Congress for debate and approval or rejection. Congress does not get to renegotiate the recent environmental agreement with China, the recent diplomatic agreement with Cuba or any future agreement with Iran. Congress can debate their terms and accept them or reject them but it does not get to renegotiate them.
Congress used to negotiate trade deals until it gave the power to FDR in 1934 so that his administration did the negotiating. After which congress could debate each agreement and approve it or reject it.
lark
(23,105 posts)Repug pols go against the wishes of their constituency all day any day when it conflicts with their real masters', the 1%, agendas. They are first and foremost, for the rich by the rich and fuck the rest. They just lie to the sheeple who take it as truth because they saw it on Faux.
pampango
(24,692 posts)not that it makes any difference to anyone that matters.
Of course, I've heard the same thing about the Democratic base and their influence on Democratic politicians.
lark
(23,105 posts)Think Dems ignore their base all the time
Union Scribe
(7,099 posts)pampango
(24,692 posts)was posted in response to a post that the Democratic base opposes it. That does not mean you should "probably be FOR IT". It does mean that there is disagreement within the party.
Fred Sanders
(23,946 posts)away financial, labor and environmental rights, why some liberals think he will escapes me.
L0oniX
(31,493 posts)...and that's just one of many examples.
lark
(23,105 posts)That may not mean anything to you personally, but to many American families it has doomed them to a life of poverty.
He's pushing a treaty that removes the sovereignty of American labor laws and American environmental regulations. That's why liberals are against it.
pampango
(24,692 posts)Bush came into office when they essentially plateaued then rose again starting in 2009.
The bottom of the wage graph occurred in 1994-95. Wages have risen since then.
No they are not. Unless you consider republicans to be liberals and Democrats to be conservatives.
59% of Democrats think the TPP is a "good thing" while 49% of republicans feel the same.
pampango
(24,692 posts)AtomicKitten
(46,585 posts)dhill926
(16,346 posts)stillwaiting
(3,795 posts)Last edited Mon Jan 5, 2015, 01:22 PM - Edit history (1)
... saying anything.
He's clearly an unserious person that has succumbed to FUD since no final version of the TPP has been made.
Don't criticize!
Edited b/c I initially thought this was Senator Levin.
Autumn
(45,107 posts)be spreading FUD.
lark
(23,105 posts)And we should not complain until it's been finalized? But we don't get to see the finalized copy and it will be voted on without our reps getting to amend or even review it? You think that something will magically happen to make this better, because ..... Obama?
If he was against these clauses, why would he push for it to be put through? Doesn't make sense.
stillwaiting
(3,795 posts)Pretty sure we see eye to eye on this one. Hopefully we can stop the TPP (i.e. prevent fast-track), but I remain highly skeptical.
I think the TPP might be the crown jewels for the multinational corporatists, and Obama seems HIGHLY MOTIVATED to give the corporatists what they want. Hidden behind a veil of secrecy.
Puglover
(16,380 posts)For the "I don't know anything about the TPP do you; so why should we be concerned" concern posters.
beerandjesus
(1,301 posts)....as long as Obama doesn't do anything cute this weekend, of course.
QC
(26,371 posts)this place will melt down!!!
RiverLover
(7,830 posts)He's cute to me!!
QC
(26,371 posts)Skittles
(153,169 posts)now they alert any time you call them out on their worshiping bullshit
beerandjesus
(1,301 posts)....that those of us opposing TPP are racists since we weren't beating our breasts loudly enough in the Ferguson/police brutality threads. Cuz, you know, it wasn't sufficiently obvious that police brutality and institutionalized racism are bad things.
L0oniX
(31,493 posts)Skittles
(153,169 posts)President Obama himself would find them utterly laughable
Puglover
(16,380 posts)I give him far more credit then some of his biggest "supporters" on this forum seem too.
He is arguably the most powerful human being on the planet. One doesn't get to that position by being a fragile flower.
Skittles
(153,169 posts)much like the little boy crying wolf, it's hard to take them seriously
L0oniX
(31,493 posts)whereisjustice
(2,941 posts)madfloridian
(88,117 posts)This is a big concern.
whereisjustice
(2,941 posts)This:
"The goal must be to ensure that the potential benefits of trade are spread broadly to the many, not just the few."
is political speak for:
"I read the TPP text and the middle class and below are fucked."
And this:
Reaching for a high bar to increase standards of living, improve worker rights and strengthen environmental protections, and ensure that trade opportunities are reciprocal does not mean the United States gives up its right to regulate in all of the vitally important areas that affect our interests
is political speak for:
The TPP fucks the environment so we can compete with China like this:
sabrina 1
(62,325 posts)the leaks from Wikileaks. He knows it too, as you pointed out.
RiverLover
(7,830 posts)Thanks!
Hoyt
(54,770 posts)but don't think it will happen.
Enthusiast
(50,983 posts)sendero
(28,552 posts)... something like this is shrouded in secrecy. And it's never a good reason.
Enthusiast
(50,983 posts)Doctor_J
(36,392 posts)and, strangely enough, suspects that the president and others may put the welfare of global corporations ahead of garden variety American citizens. Not that that would ever happen.
Keep fighting the good fight, congressman. Some of us are still on your side.
dmr
(28,347 posts)Rep. Gary Peters succeeds him.
stupidicus
(2,570 posts)is what I'd like to know.
Obviously if this was such a great deal for this country it would sell itself, and the secrecy we've seen would have never been attempted.
There's also of course, what that means to that "most transparent ever!!!!" promise.
easychoice
(1,043 posts)a huge hive of scum and villany...David Rockefeller owns it...WTO anyone.
" the 10 May 2007 agreement on trade agreements negotiated between the US Congress and the Bush administration. This deal sought to protect workers rights, environmental protections, access to medicines,"
Is that the agreement where Tom Delay and buddies like Hassert completely fucked the american public on pollution and drug prices?
RiverLover
(7,830 posts)this~
http://en.wikipedia.org/wiki/Council_on_Foreign_Relations
Although, they do listen to "diverse" opinions. This must have been VERY diverse & not very popular from all that Wiki says about them.
The council publishes Foreign Affairs, "the preeminent journal of international affairs and U.S. foreign policy". It also establishes independent task forces, which bring together experts with diverse backgrounds and expertise to work together to produce reports offering both findings and policy prescriptions on important foreign policy topics. The CFR has sponsored more than fifty reports, including the Independent Task Force on the Future of North America that published report No, 53, titled Building a North American Community, in May 2005.[14]
...Controversy
The council has been the subject of debates over sovereignty as well as the subject of numerous conspiracy theories. This is primarily due to the number of high-ranking government officials (along with world business leaders and prominent media figures) in its membership and the large number of aspects of American foreign policy that its members have been involved with. Echoing the most common accusation, the paleoconservative John Birch Society claims that the CFR is "Guilty of conspiring with others to build a one world government...".[16][17] Other figures like Cleon Skousen opposed the CFR vociferously.[18]
In response to the allegations and insinuations, the CFR's website contains an FAQ section about its affairs.[19]
http://en.wikipedia.org/wiki/Council_on_Foreign_Relations
Thanks for that info, easychoice.
I don't think it takes away from Levin's findings & concerns, but I bet it didn't go over well with this group.
There are so many backroom deals & maneuverings going on by & for Moneyed interests. Its hard to dig down to the truth.
truedelphi
(32,324 posts)It is less than two mins long:
easychoice
(1,043 posts)she is more of the same old same old.She likes kissing up to Kissinger too...Disgusting...Sorry if I am kicking your puppy.
http://21stcenturywire.com/2013/06/06/bilderberg-2013-hillary-clinton-bill-clinton-david-rockefeller-and-henry-kissenger-in-attendance/
http://www.paradigmresearchgroup.org/Rockefeller%20Documents/Clinton-Rockefeller_Photos.htm
RiverLover
(7,830 posts)easychoice
(1,043 posts)The Rockefellers have some great cmpany...Also remember That FDR was a Rothschild.His grandmother was married to a banker named Delano as a gift from Mayer Rothschild for supporting central banking.Yeah, he passed his daughters out like prizes.So did John D.Rockefeller.
Anyway --- The people who own you and everything on earth.Your Government is one of their toys.
60 Families:
http://www.nndb.com/lists/439/000127058/
truedelphi
(32,324 posts)As President, her husband got pretty much a free pass on many of his activities, as the internet was not offering us as much information back then.
We didn't realize the quid pro quo's that were being made, from every issue such as Bill's buddy Mike Taylor stating the GM food and seeds was the equivalent of conventional food and seed, to his pardoning financial criminal extraordinaire Marc Rich.
Hillary lacks that advantage - we can hear about who she really is and what she really does.
I found it interesting that in that short segment of video, she mentions how one of her mentors told her not to do to much once she was in the State Department. I could only think, "Boy I bet it was either a Rockefeller or Kissinger himself that told her that."
It is also interesting that the second top spot at State was the same war mongering, neo fascista woman that George W Bush had appointed. Neither Obama or Hillary sought to remove her.
Jackpine Radical
(45,274 posts)by dragging in all of these cumbersome and tedious facts?
Watch the little pendulum.
Perhaps you are starting to feel sleepy.
TPP is good for you
TPP is good for you
TPP is good for you
Your government will take care of you
Your government will take care of you
Your government will take care of you
RiverLover
(7,830 posts)Can't have people messing with the spin!
Phlem
(6,323 posts)knowledge about the TPP seems rank enough to voice concerns. Maybe a reason why the whole stinking pile is a secret. And even so, "the devil is in the details" is always going to be an issue. I have no reason to believe this TRADE AGREEMENT is going to be any better than others in the past, until we see it all. Because if it's so fucking good why does it need to be secret. And to have to voice concerns about the above issues in the first place means it's not written for the public's best interest.
Trade agreements mean there are people working on good and products for sale to other places instead of just the US. Meaning the worker will feel the brunt of it's effects whether they are good or not cause we all know corporations are so fair when dealing with their workers. That's just 1 thing.
Reading what has been provided above doesn't make me feel any better about it, in fact it makes it worse.
"He must be like the lunatic fringe here on DU." really? Agreeing to fast track the TPP without picking it over with a fine tooth comb is *NOT* lunatic?
RiverLover
(7,830 posts)That's what someone here basically called us 99% people, going on about the 1%. So that was my motivation for the post on the article I'd read, to prove we're actually like normal Democrats who are paying attention.
Phlem
(6,323 posts)2 cylinders since Christmas. Caught something that has flattened me out since the day after Christmas and today I'm just starting to get better and think of other things besides trying to get air in me and if I'm actually going to get some sleep for longer than 3 hour chunks.
Sorry I missed your "Sarcasm"
RiverLover
(7,830 posts)We're on the same side on this. I knew that Phlem.
Phlem
(6,323 posts)I appreciate it.
Recursion
(56,582 posts)Upon receiving a fast track treaty, each Chamber must hold an up or down vote on the measure, without amendment, within 60 days of their first day in session after the submission (and it has to clear committee in 45 days or it dies). That's all. It was in effect from 1974 to 2007, and was used by Carter, Reagan, both Bushes, and Clinton.
Phlem
(6,323 posts)From what I understand, if that's what happens, there's no change to it's current form, no debate, no editing, it goes the way it is.
Which would be god awful.
Full respect for you Recursion but I'm not biting. Nafta ruined me.
pampango
(24,692 posts)The "no debate" part is incorrect. They will have a loud and public debate in both houses.
I don't think republicans want Obama to have fast track authority since that removes their ability to change TPP for the worse before voting on it.
Phlem
(6,323 posts)I personally think it needs to be scrapped and if needed started over with a populist view. I'm done feeding money upwards. Debating it with the current installed politicians will get us no where.
pampango
(24,692 posts)without fast track because the republican majorities will make it much, much worse.
I suspect it will be scrapped or at least delayed indefinitely.
Phlem
(6,323 posts)But go ahead and keep telling that to yourself and try selling it as anything else. Nafta wasn't supposed to be so bad either.
pampango
(24,692 posts)The Treaty of Versailles was not supposed to be that bad either but it helped create conditions that caused WWII. That did not stop us from negotiating a better peace treaty with Germany and Japan after WWII.
How do you propose incorporating human/labor rights and environmental protections into the rules of trade if you don't do it through international negotiations? I understand that many here don't trust Obama any more than the local head of the tea party chapter does, but I don't see a better time to try than now. If they are not in the final document, it should be rejected.
Phlem
(6,323 posts)Doesn't the 3rd way currently control the current direction of the Democratic Party. Yes, making your subject title true.
"The Treaty of Versailles was not supposed to be that bad either but it helped create conditions that caused WWII. That did not stop us from negotiating a better peace treaty with Germany and Japan after WWII."
http://en.wikipedia.org/wiki/Atomic_bombings_of_Hiroshima_and_Nagasaki
I'm thinking the bomb helped us negotiate a better peace treaty.
"How do you propose incorporating human/labor rights and environmental protections into the rules of trade if you don't do it through international negotiations? I understand that many here don't trust Obama any more than the local head of the tea party chapter does, but I don't see a better time to try than now. If they are not in the final document, it should be rejected."
I have no quips with international negotiations, but we have very poor examples of human/labor rights and environmental protections in our country alone. Why would it be any better when dealing with countries of whom might have lower costs of living compared to the US. I'm sure the other countries won't feel the financial adjustments citizens in the US will continue to endure.
I haven't had a full time job since Nafta that allows me to feed my family alone. My wife and I have been struggling ever since to make ends meet, the same with my relatives and friends. I don't see the TPP bringing us out of that hole, can you enlighten me?
pampango
(24,692 posts)Undoubtedly it did. My point was that we did not stop negotiating peace treaties just because some of them don't work out as we hoped. Circumstances change, negotiations continue.
Personally I don't think trade deals or a lack thereof will solve our economic problems. Europe trades a lot more than we do and has much stronger unions and middle class. In the 1920's the US traded a whole lot less than we do today yet the middle class suffered and inequality records were set by 1929 that have yet to be surpassed.
We like to blame trade but history shows that it is progressive taxation, support for unions, effective corporate regulation and an adequate safety net that produces strong middle classes.
The sad thing is that we spend almost no time discussing how to achieve these policies that have proven to work in other progressive countries. Instead we argue about levels of trade that are 1/3 to 1/2 of the levels in progressive countries.
Maybe it's partly because liberals think it is impossible to accomplish those other policy goals because republicans are opposed to each and every one of them. Instead we focus on restrict trade or limiting its increase which is an area in which a majority of republicans might support us and put pressure on their representatives.
"Personally I don't think trade deals or a lack thereof will solve our economic problems."
Exactly and I have a very very strong suspicion that this will exacerbate the situation for the worst. So I don't want it in it's current form. As a matter of fact I don't want it period.
"We like to blame trade but history shows that it is progressive taxation, support for unions, effective corporate regulation and an adequate safety net that produces strong middle classes. "
All good points but trade deals are not written for the people to benefit from, more like the 1% or huge corporations. And this one will sink us. It needs to be flushed, it has no bearing on the citizens of our country except to make things worse. It's needs to be set on Fire, and Nuked 3 times, only to finally land in cargo of a one way missile to the sun.
imthevicar
(811 posts)RiverLover
(7,830 posts)Recursion
(56,582 posts)Does nobody on DU remember how the economy took off after NAFTA? Unemployment went down. Median wages went up. It was the first time in 30 years that had happened.
pampango
(24,692 posts)of what happened in the US economy in the late 90's after NAFTA.
In the "NAFTA is the devil" world view, apparently Clinton was lucky that the economy and the middle class did so well during his administration (Democratic presidents can't catch a break even from other Democrats, sometimes). Bush apparently was unlucky in that the "NAFTA pigeons" came home to roost during his administration - rather than his own pro-1% economic mismanagement - causing great damage to the economy and the middle class.
Phlem
(6,323 posts)That's when I lost my good paying job never to recover again. What's up Recursion? Trying to make the sell?
imthevicar
(811 posts)by doing away with GlassSteagall he assured the onset of crash.
Recursion
(56,582 posts)and the banks that were covered by Glass-Steagall who were able, thanks to the repeal of Glass-Steagall, to step in and stabilize things. If Glass-Steagall had been in effect the crash would have been much, much worse because, eg, BofA couldn't have stepped in to buy Merril-Lynch.
imthevicar
(811 posts)IOW it never would have never Happened.
Recursion
(56,582 posts)They weren't covered by Glass-Steagall to begin with. I mean, I suppose they were kept from operating retail bank accounts, but they had never wanted to do that and didn't try after G-S was repealed.
Can you tell me which bank crashed after it had taken on a proprietary trading operation as the repeal of G-S allowed?
Phlem
(6,323 posts)rather than a small bubble in time.
pampango
(24,692 posts)imthevicar
(811 posts)that was the shill keeping us from seeing the barker pick our pockets!
pampango
(24,692 posts)imthevicar
(811 posts)L0oniX
(31,493 posts)RiverLover
(7,830 posts)President Obama will seek to enlist Republicans to partner on a major push on trade deals. The administration is moving aggressively in hopes of wrapping up negotiations by the middle of next year on a 12-nation free-trade pact in the Asia-Pacific region before the politics become even more daunting ahead of the 2016 presidential campaign. The Washington Post reported last week the move will test his willingness to pull away from his own party in pursuit of a legacy-burnishing achievement. Already, fellow Democrats are accusing him of abandoning past promises on trade and potentially undermining his domestic priority of reducing income inequality. At issue is Obamas support for the proposed Trans-Pacific Partnership (TPP), which would establish the worlds largest free-trade zone.
The first test could come next month if the new Congress takes up Trade Promotion Authority, making trade deals strictly an up or down vote to fast-track approval.
http://www.hoosieragtoday.com/obama-preparing-for-major-push-on-free-trade-zone/
CK_John
(10,005 posts)truedelphi
(32,324 posts)states will be allotted to its discussion, it will be signed and dated and enforced.
So much for democracy.
It has taken the PTB some 24 years to go from sanity and democracy to democrazy!
We now have the exact financial rules and regs that Mitt Rmoney dreamed up back in the early Nineties. Big Bankers Uber Alles.
We watched as Congress held a Democratic majority, including having a President with a "D"D after his name, and their main concern from Jan20th 2007 on was not to undo Cheney's destruction o the Clean Air and Clean Water Acts, but to allow that pollution from Big Energy frackers to continue.
The Dems were too busy destroying the Post Office on behalf of Amazon and Time/Warner, as well on the behalf of Diane Feinstein and Richard Blum, to do anything about the other stuff.
grahamhgreen
(15,741 posts)RiverLover
(7,830 posts)& you can NEVER divorce.
Rex
(65,616 posts)Their narrative falls flat against someone like Levin.
truedelphi
(32,324 posts)Turns out to be worse about trade agreement protections for US workers than the Bush Administration!
RiverLover
(7,830 posts)liberal_at_heart
(12,081 posts)cadaverdog
(228 posts)along with the 600 corporate muckety-muks. News to me. I wonder if Alan Grayson knows about Levin? Hmmm?
randys1
(16,286 posts)re-institute tariffs to such a degree that making it here is cheaper
do it over time, provide interest free govt loans for new start-ups who are to replace current foreign suppliers whether that be flat screen tv's or whatever
takes time, you would slowly raise tariffs while building infrastructure here to manufacture here, even with that due to robotics and so on we will still need a service class where people are employed here and paid well
takes time and effort but is possible
RiverLover
(7,830 posts)We just need to get rid of whoever is behind the curtain pulling strings here. Maybe the corporations that have taken over our govt?
randys1
(16,286 posts)rhett o rick
(55,981 posts)that recommends we just trust Pres Obama completely and not say anything?
randys1
(16,286 posts)liberal_at_heart
(12,081 posts)Trickle Down Economics that have been so disastrous for our people.
randys1
(16,286 posts)"Dont you DARE blame all this shit on OBAMA"
It was ALL in place, business as usual before he got there...
Do I wish he was more like Bernie or Liz, hell yes, but he is who he is...
Blaming him for a structure and corruption built up over 200 years by exclusively white/straight/protestant/males, just aint right.
(sure, a few Women and non protestants here and there, but none in the WH)
treestar
(82,383 posts)We are free to disagree with and criticize President Obama.
So we can disagree with and criticize the views of Representative Sander Levin.
His second comment shows he is not absolutely against it and has ideas about what should be in it.
Overall, he basically simply states what he wants it to do.
newfie11
(8,159 posts)And was that followed up by various corporations shoving money in his hand!!!
Octafish
(55,745 posts)Guy's analysis sounds like he reads DU.
Thank you, too, RiverLover! Great OP and thread.
Recursion
(56,582 posts)in place.
I don't get that, frankly, but from what I'm reading that's what's causing most of the headaches at negotiations. The smaller pacific countries want a large multilateral bloc with identical rules for all countries, whereas the US (and IIRC Japan and Canada) want to keep their existing bilateral agreements as they are (so, for instance, we want to continue to tariff Japanese cars, and Japan wants to continue to tariff American soybeans).
midnight
(26,624 posts)quadrature
(2,049 posts)section 3.2, Investor-state arbitration
(middle of first paragraph)
........................
I give up.
who wants this?
Recursion
(56,582 posts)I'm still not sure where people got the idea that this is something new. That's how trade treaties have always been enforced.
What in particular do you think is going to change about investor/state arbitration processes if the TPP passes?
quadrature
(2,049 posts)Kiribati, Navoo, WesternSamoa,
VietNam, Phillipines, et al.
these multilaterals are always a bad deal
for the US
Recursion
(56,582 posts)Much to the irritation of the smaller countries.
quadrature
(2,049 posts)the real purpose the this treaty.
Recursion
(56,582 posts)RiverLover
(7,830 posts)sue our local govts & ourselves if our local regulations interfere with their profits or if they want eminent domain. I'm not willing to flip a coin in their tribunals. So far, they've ruled 37% in favor of the foreign corps.
Recursion
(56,582 posts)AFAIK the only proposed signatory that doesn't already have a framework bilateral with us is Mexico, and they already can do that through NAFTA.
RiverLover
(7,830 posts)And avoid OUR court systems to do so.
These foreign corps can't do that without a lousy FTA giving them that right over our regulations & personal property.
...he Obama administration is currently negotiating a sweeping new FTA called the Trans-Pacific Partnership (TPP) with Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam -- the first FTA negotiated by the Obama administration. Despite Obamas many campaign promises to scale down investor-state enforcement in trade agreements, the leaked investment chapter of the TPP reveals that the Obama administration intends to expand even further the extreme investor-state model of past FTAs. If passed, the TPP would grant thousands of corporations these extraordinary rights to sue governments over public interest policies for taxpayer compensation.
Below are the maps of the locations of multinational corporations that would get these new rights if Congress would pass the TPP. More than 6,000 corporations with more than 54,000 corporate affiliates would be able to use these rights, including over 300 financial services companies that could challenge essential financial sector regulations through investor-state provisions. These corporations could challenge the local zoning and environmental laws of your community, so zoom in using the "+" button to see which corporations are in your city. Click on the dots to see the names of the corporations and their industry. The color of the marker indicates the country of the parent company. The red lines on the map are the borders of the districts of the U.S. House of Representatives. Click here for a full list of companies based in TPP countries that operate in the United States, sorted by congressional district....
Read more here~
http://citizen.org/Page.aspx?pid=4083
L0oniX
(31,493 posts)blackspade
(10,056 posts)niyad
(113,344 posts)Ramses
(721 posts)Sanders speaks the truth. Many will vilify and show their disdain and try to ignore what he says.