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kpete

(72,014 posts)
Fri May 22, 2015, 05:07 PM May 2015

OBAMA Loses KRUGMAN On TPP: "As I see it, the big problem here is one of trust."


Trade and Trust
MAY 22, 2015

Paul Krugman


"As I see it, the big problem here is one of trust.

International economic agreements are, inevitably, complex, and you don’t want to find out at the last minute — just before an up-or-down, all-or-nothing vote — that a lot of bad stuff has been incorporated into the text. So you want reassurance that the people negotiating the deal are listening to valid concerns, that they are serving the national interest rather than the interests of well-connected corporations."

Instead of addressing real concerns, however, the Obama administration has been dismissive, trying to portray skeptics as uninformed hacks who don’t understand the virtues of trade. But they’re not: the skeptics have on balance been more right than wrong about issues like dispute settlement, and the only really hackish economics I’ve seen in this debate is coming from supporters of the trade pact.

It’s really disappointing and disheartening to see this kind of thing from a White House that has, as I said, been quite forthright on other issues. And the fact that the administration evidently doesn’t feel that it can make an honest case for the Trans-Pacific Partnership suggests that this isn’t a deal we should support.

http://www.nytimes.com/2015/05/22/opinion/paul-krugman-trade-and-trust.html?_r=0
http://www.dailykos.com/story/2015/05/22/1386858/-President-Obama-has-lost-Paul-Krugman-on-TPP
57 replies = new reply since forum marked as read
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OBAMA Loses KRUGMAN On TPP: "As I see it, the big problem here is one of trust." (Original Post) kpete May 2015 OP
HUGE K & R !!! - THANK YOU !!! WillyT May 2015 #1
ironic, since what we're all asking is to *be* informed phantom power May 2015 #2
Information on an agreement only after you are powerless to affect it is worthless TheKentuckian May 2015 #8
The difference between Democracy pscot May 2015 #21
yep 840high May 2015 #29
k&R /nt think May 2015 #3
DURec! bvar22 May 2015 #4
It’s really disappointing and disheartening to see this kind of thing from Krugman ucrdem May 2015 #5
Obama The Bigger Disappointment billhicks76 May 2015 #13
What kind of thing is that? raindaddy May 2015 #19
lol TransitJohn May 2015 #23
Thank you for your response. Jackpine Radical May 2015 #38
LOL, those are Krugman's words. ucrdem May 2015 #39
Not beyond the Daily Kos link. Jackpine Radical May 2015 #41
3rd paragraph of OP. First sentence. ucrdem May 2015 #42
So tell me how Paul Krugman's analysis is flawed. AZ Progressive May 2015 #50
What analysis? ucrdem May 2015 #54
Don't worry abelenkpe May 2015 #6
K&R CharlotteVale May 2015 #7
Thanks for posting this, kepete. As always Krugman makes valid points. pampango May 2015 #9
Obama's record... sendero May 2015 #11
It’s really disappointing and disheartening to see this kind of thing from Obama bahrbearian May 2015 #10
I Blew IT!!!! billhicks76 May 2015 #14
No problem I can take it , Would like the see the results, though. bahrbearian May 2015 #15
0-7 billhicks76 May 2015 #35
yeah, well. some of us stopped trusting after Wisconsin. some of us after Doctor_J May 2015 #12
Some of us when Timmy was selected (before Inauguration #1) Demeter May 2015 #22
Appointing one of the chief arsonists to "fight the fire" before he was hifiguy May 2015 #24
And for some of us the trust died hard, Jackpine Radical May 2015 #40
Krugman is no better judge of trust than you or I. There is no Nobel Prize in "trust detection". Fred Sanders May 2015 #16
is there any possibility this is all being staged? Voice for Peace May 2015 #17
Well, think of the last six years: TARP for example. ucrdem May 2015 #18
Read Nomi Prins' It Takes A Pillage. hifiguy May 2015 #25
TARP was necessary to prevent a Second Depression. nt YoungDemCA May 2015 #45
It wasn't just TARP hifiguy May 2015 #52
Staged? I doubt it. 840high May 2015 #30
How can Obama do this? chev52 May 2015 #20
, ..."his enemies, the republicans...". < You may be assuming something not in evidence. n/t jtuck004 May 2015 #48
K&R! Omaha Steve May 2015 #26
Good randys1 May 2015 #27
Big k/r 840high May 2015 #28
So do the TP'ers (like toilet paper) have any economists to support their side of the argument? rhett o rick May 2015 #31
Krugman isn't arguing the merits, he's arguing the optics ucrdem May 2015 #32
Well, we DID get one, and we're still pissed in my household. beerandjesus May 2015 #33
Thumbs up! malthaussen May 2015 #36
Obama "lost" Paul KRUGMAN???? Well that clinches it......... George II May 2015 #34
Krugman isn't the only one he's lost, nor will Obama be the only one blamed for this shitball. 99Forever May 2015 #37
Even worse, Mitch McConnell is now Obama's BFF. Two men united by their hatred of working class. whereisjustice May 2015 #43
Honestly, I must wonder what Obama is thinking with TPP PatrickforO May 2015 #44
The same thing he was thinking when he turned over our health system to insurance companies whereisjustice May 2015 #47
Yeah. PatrickforO May 2015 #49
It's a trust issue... raindaddy May 2015 #46
Or Anti-Trusts . orpupilofnature57 May 2015 #51
true CullenBohannon May 2015 #53
We know for a fact the TPP would undermine US sovereignty. Enthusiast May 2015 #55
You better stop floriduck May 2015 #56
Plus, thanks to Obama and USDA, this is already true for chicken that is processed in China whereisjustice May 2015 #57

TheKentuckian

(25,029 posts)
8. Information on an agreement only after you are powerless to affect it is worthless
Fri May 22, 2015, 05:34 PM
May 2015

The price of being informed is that if the deal isn't acceptable but Obama and the TeaPubliKlans are down is we all get fucked over again and keep getting fucked for 6 years on whatever the vulture class sends down the pipe.

In practical application you supported the agreement whatever you think of it once you are informed.

bvar22

(39,909 posts)
4. DURec!
Fri May 22, 2015, 05:21 PM
May 2015
"the fact that the administration evidently doesn’t feel that it can make an honest case for the Trans-Pacific Partnership suggests that this isn’t a deal we should support."

ucrdem

(15,512 posts)
5. It’s really disappointing and disheartening to see this kind of thing from Krugman
Fri May 22, 2015, 05:22 PM
May 2015

But he's entitled to his opinion.

 

billhicks76

(5,082 posts)
13. Obama The Bigger Disappointment
Fri May 22, 2015, 05:49 PM
May 2015

This ranks up there with his refusal to prosecute torturers and even worse his flip flop on telecom immunity.

raindaddy

(1,370 posts)
19. What kind of thing is that?
Fri May 22, 2015, 06:46 PM
May 2015

Being appalled that Obama is trying to push through a complex trade agreement that gives corporations the power to undermine regulations that protect people's health and the environment without allowing our representatives the opportunity to study the details.

Or outright misleading the public when fellow democrats complain about the ramifications it will have on the poor and middleclass?

Jackpine Radical

(45,274 posts)
38. Thank you for your response.
Sat May 23, 2015, 11:05 AM
May 2015

I have been looking for good online examples of various kinds of denial. This is a classic example of the "Disappointed in the independent expert because they don't support my pre-established position, and how dare they harsh my mellow" subtype.

ucrdem

(15,512 posts)
54. What analysis?
Sat May 23, 2015, 03:25 PM
May 2015

He rehearses a lot of FUD and then basically says maybe we should trust the FUD peddlers. Fine. I don't. Here's why:

http://www.democraticunderground.com/10026649703

p.s. FUD = "Fear uncertainty and doubt" and is a signature GOP swiftboat technique.

abelenkpe

(9,933 posts)
6. Don't worry
Fri May 22, 2015, 05:31 PM
May 2015

I'm sure our reps will read it over carefully. It's not like they'd do something irresponsible like pass it so they could find out what was in it.

pampango

(24,692 posts)
9. Thanks for posting this, kepete. As always Krugman makes valid points.
Fri May 22, 2015, 05:39 PM
May 2015
One of the Obama administration’s underrated virtues is its intellectual honesty. Yes, Republicans see deception and sinister ulterior motives everywhere, but they’re just projecting. The truth is that, in the policy areas I follow, this White House has been remarkably clear and straightforward about what it’s doing and why.

Every area, that is, except one: international trade and investment.

International economic agreements are, inevitably, complex, and you don’t want to find out at the last minute — just before an up-or-down, all-or-nothing vote — that a lot of bad stuff has been incorporated into the text. So you want reassurance that the people negotiating the deal are listening to valid concerns, that they are serving the national interest rather than the interests of well-connected corporations.

It’s really disappointing and disheartening to see this kind of thing from a White House that has, as I said, been quite forthright on other issues. And the fact that the administration evidently doesn’t feel that it can make an honest case for the Trans-Pacific Partnership suggests that this isn’t a deal we should support.

sendero

(28,552 posts)
11. Obama's record...
Fri May 22, 2015, 05:41 PM
May 2015

... on whistleblowers and general governmental transparency has not been acceptable either IMHO. so you can add that one to international trade and investment.

bahrbearian

(13,466 posts)
10. It’s really disappointing and disheartening to see this kind of thing from Obama
Fri May 22, 2015, 05:40 PM
May 2015

But he is entitled to his opinion

 

billhicks76

(5,082 posts)
14. I Blew IT!!!!
Fri May 22, 2015, 05:53 PM
May 2015

I alerted your comment by mistake. I'm so sorry. How can I undo!!! Please don't flag this

 

billhicks76

(5,082 posts)
35. 0-7
Sat May 23, 2015, 12:02 AM
May 2015

I misread it. Thought it was a clone of the comment you were satirizing. I caught it before jury but couldn't undo.

 

Doctor_J

(36,392 posts)
12. yeah, well. some of us stopped trusting after Wisconsin. some of us after
Fri May 22, 2015, 05:44 PM
May 2015

Heritage Care. Some after the Bush tax cuts were renewed. Some when fracking and "all of the above" moved forward. Some when the congressional democrats had to beg him to take ss cuts off the table.

Welcome to reality, professor

 

hifiguy

(33,688 posts)
24. Appointing one of the chief arsonists to "fight the fire" before he was
Fri May 22, 2015, 07:35 PM
May 2015

ever inaugurated let the cat out of the bag regarding who Obama was really working for. My immediate reaction to that appointment was

Jackpine Radical

(45,274 posts)
40. And for some of us the trust died hard,
Sat May 23, 2015, 11:09 AM
May 2015

died the death of many cuts. I have pointed out denial in others here, but it's a common human trait, and I have done my share of it.

Fred Sanders

(23,946 posts)
16. Krugman is no better judge of trust than you or I. There is no Nobel Prize in "trust detection".
Fri May 22, 2015, 06:06 PM
May 2015

I trust my trust detection over Krugman, I am an expert on me.

 

Voice for Peace

(13,141 posts)
17. is there any possibility this is all being staged?
Fri May 22, 2015, 06:26 PM
May 2015

I find it really hard to believe Obama would not be
listening, considering, discussing this with the American
people and the other Democrats, not siding with the
GOP. And I am really confused on this account.

ucrdem

(15,512 posts)
18. Well, think of the last six years: TARP for example.
Fri May 22, 2015, 06:30 PM
May 2015

As I recall the pundits all jumped ship on that one, plenty of Dems hotdogged and demagogued, accusations of betrayal flowed thick and fast on Pacifica, and then it passed, and then it worked, and then nobody ever mentioned a word about TARP again.

So if past is prologue this too shall pass. No pun intended.

 

hifiguy

(33,688 posts)
25. Read Nomi Prins' It Takes A Pillage.
Fri May 22, 2015, 07:36 PM
May 2015

The banksters lined their own pockets to the tune of TRILLIONS.

 

hifiguy

(33,688 posts)
52. It wasn't just TARP
Sat May 23, 2015, 03:07 PM
May 2015

The Big Bank$ter$ looted the treasury and the Fed as well. Prins describes it all. And they either sat on the trillions they looted or used it to start re-leveraging themselves in different markets.

Every defaulting subprime mortgage in the country could have been paid in 2007 for $1.3 trillion. The banksters made off with ten or fifteen times that and not one home was saved as a result. All of that money went straight to the biggest banks.

 

chev52

(71 posts)
20. How can Obama do this?
Fri May 22, 2015, 07:07 PM
May 2015

It's hard to believe anyone can defend Obama on this TPP deal. How can he try to push through something that most of base is against, and his enemies, the republicans, are almost unanimously for?
In addition to the above, It bypassed congress and allowed corporations to write the bill, and members of his own party aren't allowed to read it or debate it. Strange.

 

rhett o rick

(55,981 posts)
31. So do the TP'ers (like toilet paper) have any economists to support their side of the argument?
Fri May 22, 2015, 10:39 PM
May 2015

Of course not. Their only argument is that "we haven't seen it yet so it might be a boon for the 99%" Tell me I am wrong that that's their only argument. Oh wait. "Obama is near godly and he says it is good therefore it must be good."

ucrdem

(15,512 posts)
32. Krugman isn't arguing the merits, he's arguing the optics
Fri May 22, 2015, 10:44 PM
May 2015

by which I gather he didn't a Christmas card from Barack and Michelle this year either.

George II

(67,782 posts)
34. Obama "lost" Paul KRUGMAN???? Well that clinches it.........
Fri May 22, 2015, 10:55 PM
May 2015

.....Obama has been an abject failure as President. Worse than George Bush.

99Forever

(14,524 posts)
37. Krugman isn't the only one he's lost, nor will Obama be the only one blamed for this shitball.
Sat May 23, 2015, 09:52 AM
May 2015

The well deserved hit Democratic Party will take on this will be devastating.

The turncoats should be ashamed of themselves, way to snatch defeat from the jaws of victory in the upcoming election, neoliberals.

whereisjustice

(2,941 posts)
43. Even worse, Mitch McConnell is now Obama's BFF. Two men united by their hatred of working class.
Sat May 23, 2015, 12:00 PM
May 2015

That's how neutered the Democratic Party has become.

Mitch McConnell and Obama are fighting a class war against us.

PatrickforO

(14,587 posts)
44. Honestly, I must wonder what Obama is thinking with TPP
Sat May 23, 2015, 12:05 PM
May 2015

He is an intelligent man. Surely he knows what the TPP actually is.

It is obvious why he doesn't want the American people to see it until it is a done deal, but what is far less obvious is WHY he is advancing it so forcefully. Did he make some deal? Is he paying some group off for supporting him during his campaign?

The TPP is basically a stinking pile of you know what for anyone but big multinational corporations.

It's depressing.

whereisjustice

(2,941 posts)
47. The same thing he was thinking when he turned over our health system to insurance companies
Sat May 23, 2015, 12:40 PM
May 2015

Obama believes in the purity of the free market and the unquestionable benevolence of corporations.

It's a Democratic Party thing.

It's a Republican Party thing.

We do not tolerate political dissent or competition, instead we prefer a monoculture of conservative values.

PatrickforO

(14,587 posts)
49. Yeah.
Sat May 23, 2015, 12:58 PM
May 2015

Unfortunately the neoliberal capitalist model that seems to be 'how the world works' at this point in the history of our species is unsustainable. Corporations are not benevolent and the free market is not pure.

There's an essay called 'regenerative capitalism' that a friend of mine had me read. It's pretty good. Seems like quite a few thought leaders are getting on board because no sane person actually wants to see the earth become a lifeless smoking cinder - which is where we're headed if we don't make some serious changes.

raindaddy

(1,370 posts)
46. It's a trust issue...
Sat May 23, 2015, 12:36 PM
May 2015

I've gradually lost faith in Obama's commitment to the poor and middle class in this country. The walking shoes that never made it out of the closet. The conversation that never happened when the NSA was caught spying on Americans. The pass given to Cheney/Bush torture and the crackdown on whistle blowers....

The TPP is the final nail... Barack Obama has an agenda and it's not to be trusted!

Enthusiast

(50,983 posts)
55. We know for a fact the TPP would undermine US sovereignty.
Sat May 23, 2015, 03:48 PM
May 2015

The general welfare of the American people is completely ignored to feather the nests of the already filthy rich corporations.

We do not want the fucking TPP. But....

 

floriduck

(2,262 posts)
56. You better stop
Sat May 23, 2015, 03:54 PM
May 2015

eating meat because our 14 Democratic Senators who betrayed the American workers, wouldn't insist on an amendment to label what's country of origin. When you bite down on that steak, it might be from somewhere you wouldn't set foot.

whereisjustice

(2,941 posts)
57. Plus, thanks to Obama and USDA, this is already true for chicken that is processed in China
Sat May 23, 2015, 11:16 PM
May 2015

The rich will always be able to afford safe food. The rest of use can eat shit as far as Washington is concerned.

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