General Discussion

Gloria

(17,663 posts) Fri Jun 12, 2015, 02:59 PM Jun 2015

OK, Zero Hedge describes blow by blow what happened with TAA and TPP, and the bottom line is:

http://www.zerohedge.com/news/2015-06-12/house-kills-obamas-tpp-bill-after-pelosi-led-democrat-rebellion

House Kills Fast-Track Of Obamatrade After Pelosi-Led Democrat Rebellion

And just like that, President Obama's fast track of his "great job creation" bill is defeated in a 126-302 procedural vote which stumbled over what is known as the Trade Adjustment Assistance.

Following Pelosi's comments that "its defeat is the only way we will be able to slow down fast track," and "people would rather have a job than assistance", the defeat of a measure to provide aid to workers displaced by trade deals means the fast-tracking of the TPP is done (for now).

(snip)

And, as expected, shortly after the failure to pass TAA the House passed the TPA...

U.S. HOUSE VOTES FOR OBAMA'S FAST-TRACK TRADE NEGOTIATING BILL

... But it did not matter because:

VOTE IS SYMBOLIC; TRADE BILL CAN'T GO TO OBAMA

Did the US public finally give big corporations, who have successfully purchased the US president long ago, the middle finger?

***

So, let's see if it comes back in another form, must stay vigilant, for sure!

I've had CNBC on all morning and all I'm hearing about is TWITTER.

5 replies

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OK, Zero Hedge describes blow by blow what happened with TAA and TPP, and the bottom line is: (Original Post) Gloria Jun 2015 OP

this is not a good analysis. it is far from dead cali Jun 2015 #1

Yes, they did say it was "done....(FOR NOW)." They did not say it was DEAD!!!! Gloria Jun 2015 #2

I'm happy with anything that slows down the TPP, but isn't it a risky game? Ed Suspicious Jun 2015 #3

Well, that was the procedural option they had Gloria Jun 2015 #4

The R's poison pilled it, the TAA was paid for by cuts in Social Safety net peacebird Jun 2015 #5

cali

(114,904 posts)

1. this is not a good analysis. it is far from dead

Reply to Gloria (Original post)

Fri Jun 12, 2015, 03:01 PM

Jun 2015

Gloria

(17,663 posts)

2. Yes, they did say it was "done....(FOR NOW)." They did not say it was DEAD!!!!

Reply to cali (Reply #1)

Fri Jun 12, 2015, 03:03 PM

Jun 2015

So, the analysis is correct....which is why I said we had to stay vigilant.

Ed Suspicious

(8,879 posts)

3. I'm happy with anything that slows down the TPP, but isn't it a risky game?

Reply to Gloria (Original post)

Fri Jun 12, 2015, 03:04 PM

Jun 2015

Are we now (democrats) on record as opposing displaced worker assistance?

Gloria

(17,663 posts)

4. Well, that was the procedural option they had

Reply to Ed Suspicious (Reply #3)

Fri Jun 12, 2015, 03:07 PM

Jun 2015

what else was there??

It buys time to point out what's wrong with the whole deal. Need to hear more about Medicare, etc. Heard people (woman rep, I forget her name, a Dem) warning about this on the floor yesterday.

Somebody has to control the message for once and not allow Dems to get steamrolled...

peacebird

(14,195 posts)

5. The R's poison pilled it, the TAA was paid for by cuts in Social Safety net

Reply to Ed Suspicious (Reply #3)

Fri Jun 12, 2015, 03:08 PM

Jun 2015

On edit, I don't have link, but that is what I heard about it.

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