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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy Would Obama Push A Trade Deal That Would Cut Pay Of 90% Of Workers?
By Dave Johnson
April 26, 2014
Research concludes that if you're making less than $87,000 per year (the current 90th percentile wage), the Trans-Pacific Partnership would mean a pay cut. But that's fine for corporations who want this treaty.
President Obama is in Asia, partly to "reassure" partner countries that the U.S. is a strong ally and partly to push the Trans-Pacific Partnership (TPP). Both are to counter China's growing influence. While TPP is being sold as a "strategic" countermeasure to China, like other so-called "trade" agreements TPP does not help American workers; it hurts them.
Obama In Asia Pushing TPP
President Obama is in Japan as part of his "pivot to Asia" tour of Pacific countries. He is also visiting South Korea, Malaysia and the Philippines. The trip is meant to demonstrate U.S. diplomatic and economic efforts toward Pacific nations to counterbalance China's increasing influence in the region. Part of this effort is a big push to get TPP negotiations back on track and completed.
TPP is a massive "trade" treaty between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. "Trade" is in quotes because only five of the treaty's 29 chapters actually deal with trade. Others set rules on investment, set limits on the ability of governments to regulate corporations, restrict a government's ability to spend its own tax dollars on goods made in that country (such as "Buy America" procurement policies) and other things well beyond the usual scope of what would be considered a trade agreement. This leads many to claim that the treaty is really about limiting the ability of governments to reign in the giant corporations. (For those not familiar with TPP, read all about it in ourfuture.org's TPP section.)
more
http://crooksandliars.com/2014/04/why-would-obama-push-trade-deal-would-cut
simple. $$$$$$$$ for his backers. $$$$$$$$ for him after he leaves the Presidency. Just like Bubba. And Shrub, and Poppy Bush
.
Autumn
(45,066 posts)and it will never impact them.
Ichingcarpenter
(36,988 posts)Link to the study
http://www.cepr.net/documents/publications/TPP-2013-09.pdf
n2doc
(47,953 posts)lumberjack_jeff
(33,224 posts)Skittles
(153,160 posts)awoke_in_2003
(34,582 posts)when it comes to the economy, the politicians in DC just do what they are told.
stupidicus
(2,570 posts)one step forward, then one back.
He probably likes his bread buttered on both sides too
bvar22
(39,909 posts)The 3rd Way NeoLiberals ALWAYS include some crumbs for the Middle/Working Class.
That way, they can point these crumbs and pat each other on the back in front of the TV Cameras.
Eg:
1) The 2 year Extension of the Bush Tax Cuts included a 6 month extension for some whose Unemployment benefits were going to expire.
If you said, "Wait a minute"
you got attacked for hating the unemployed.
2) The Health Care Reform contained some good stuff for the Middle/Working Class/ and The Poor,
but it cost a MANDATE to purchase products from a For Profit Industry,
and a multi-BILLION Dollar yearly subsidy for the most worthless For Profit Industry ever established.
If you question the morality of subsidizing the Health Insurance Industry,
you get attacked for hating those with Pre-existing Conditions.
THAT is what the 3rd Way really means.
At least the 3rd Way NeoLiberals WILL include a few scraps for the 99% while giving the keys to the Public Treasury to the 1%,
which IS better than what the Republicans are offering.
What was WRONG with the Old Way Democrats?
You remember them...
FDR & the New Deal,
HST and Fair Deal,
LBJ and the Great Society.
Those Democrats built the largest, wealthiest, and most upwardly mobile Working/Middle Class (99%)
that the World had ever seen.
Why do we need "New Democrats" and "3rd Way Democrats"???
As far as I'm concerned, they are just retread Moderate Republicans,
and I FOUGHT Moderate Republicans all through the 60s, 70s, and 80s.
Why should I vote for them NOW?
[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]
noiretextatique
(27,275 posts)It is still a pig. Excellent post!
grahamhgreen
(15,741 posts)you know it dude. That's been clear to me for decades now, with the only diff being that I've long characterized it as the good cop giving us dogs a bone.
We the people started losing our democracy as soon as the third way trail was blazed. I have yet to look at the recent study regarding the oligarchy we now have and whatever timetable that accompanies it, but as I've long seen it, we've been tag teamed by the two parties since Raygun started the match between rule by the will of the people v wealth.
JDPriestly
(57,936 posts)To stop the TPP we have to stop Obama from signing it now and Hillary from being the Democratic nominee.
Guys. This is about our economic survival. Please urge Elizabeth Warren to run for president.
Enthusiast
(50,983 posts)whathehell
(29,067 posts)Boomerproud
(7,952 posts)n/t
progressoid
(49,988 posts)and stuff.
lumberjack_jeff
(33,224 posts)Imagine shoppers complaining to the grocery manager that the price of rice is too high.
Except GE is the shopper and you are the bag of rice.
Curmudgeoness
(18,219 posts)It bothers me a great deal that it doesn't matter if we have a Democrat or a Republican in the WH when it comes to "trade" agreements.
Octafish
(55,745 posts)Ueber Alles in dem Welt.
cantbeserious
(13,039 posts)Plain and Simple.
Divernan
(15,480 posts)Hey, it's piled up the millions for Bill Clinton. Plus corporate board seats with fat stock options. Then he can start a non-profit institute allowing him to fly around the world on private jets and party with the rest of the One Percenters, oops, I mean donors. He'll still be a relatively young man when he leaves office - gotta stock up enough corporate IOU's to last a lifetime, ya know! And his kids - where are they gonna live? Chelsea's got a $10.5 million pad and one has to keep up with the other ex-presidents - except Jimmy Carter, of course.
nationalize the fed
(2,169 posts)The United States has been involved in and assisted in the overthrow of foreign governments (more recently termed "regime change" without the overt use of U.S. military force. Often, such operations are tasked to the Central Intelligence Agency (CIA)
1 Prior to Cold War
1.1 Russia
2 During the Cold War
2.1 Communist states 194489
2.2 Syria 1949
2.3 Iran 1953
2.4 Guatemala 1954
2.5 Tibet 195570s
2.6 Indonesia 1958
2.7 Cuba 1959
2.8 Democratic Republic of the Congo 196065
2.9 Iraq 196063
2.10 Dominican Republic 1961
2.11 South Vietnam 1963
2.12 Brazil 1964
2.13 Ghana 1966
2.14 Chile 197073
2.15 Argentina 1976
2.16 Afghanistan 197989
2.17 Turkey 1980
2.18 Poland 198081
2.19 Nicaragua 198190
2.19.1 Destablization through CIA assets
2.19.2 Arming the Contras
2.20 Cambodia 198095
2.21 Angola 1980s
2.22 Philippines 1986
3 Since the end of the Cold War
3.1 Iraq 199296
3.2 Afghanistan 2001
3.3 Venezuela 2002
3.4 Iraq 200203
3.5 Haiti 2004
3.6 Gaza Strip 2006present
3.7 Somalia 200607
3.8 Iran 2005present
3.9 Libya 2011
3.10 Syria 2012present
3.11 Ukraine 20132014
http://en.wikipedia.org/wiki/Covert_U.S._regime_change_actions
"Spreading Democracy" one coup at a time.
It's the carrot and the stick. If the "Free Trade" deals go south, there's always another way. Many Americans think that by ignoring these atrocities they somehow escape blame.
colsohlibgal
(5,275 posts)Add this in with his not throwing one big shot Wall Street Bankster in prison for almost bankrupting the nation through fraud fueled by personal greed - many left with 500 million dollar golden parachutes rather than trying to fend off Bubba in the Big House. We need more real democrats like Warren and the new Mayor of New York, and less faux democrats like, sorry to day, Obama in large part.
I feel sorry for the rabid dug in Obama Bots, their challenge to try to rationalize gets harder all the time.
MisterP
(23,730 posts)just turn over in their beds and suppose it's all for the best--he's got our back, why shouldn't we have his? (or some other way to punt ethics out the door)
heck, I've seen The One called the best, wisest, compassionate-est, most important president in history (Lincoln and Roosevelt can go screw, I guess)
KG
(28,751 posts)and if it does, which it won't, because it hasn't, the Tiger Beat crowd will angrily obamasplain how it's,actually a good thing!
because obama!
Jesus Malverde
(10,274 posts)The emerging markets like vietnam if they are anything like china represent millions of consumers and 8-10 % growth rates.
The united states is not growing, until we digest the baby boomers who every day produce less and consume more resources, the american economy will not be nimble.
You see that phenomena at work in Japan whose baby boom precedes the US by a decade or so. In the US the babies were made after the war. In Japan the babies were made as the men went off to war.
Both societies are digesting the unnatural population growth from war.
American Baby boomers are transitioning to retirement, cashing in their investments, downsizing their houses, moving to fixed incomes, etc. All negative to the economy. The problem is their are so many doing that at once.
Corporations look to growth not less consumption. The TPP is for the corporations, it's a globalist outlook with no concern for the national good. Obama as much admitted to that saying he has his own constituents who are opposed when he was in discussions with Japan.
Interesting enough Iran is one of these young population nations.
janlyn
(735 posts)are different sides of the same coin. I know it is difficult to accept, but unfortunately it is becoming obvious. I am truly saddened and disappointed.
reACTIONary
(5,770 posts)RE: Others set rules on investment, set limits on the ability of governments to regulate corporations, restrict a government's ability to spend its own tax dollars on goods made in that country (such as "Buy America" procurement policies) and other things well beyond the usual scope of what would be considered a trade agreement.
The reason that these rules are important to a free / fair trade agreement is that these are the ways that governments use to imbalance the "playing field" and tilt it towards their own domestic economy. If the government has a "Buy <Their Country Goes Here> procurement policy" then <My Country Goes Here> can't compete in that market for lucrative government contracts. This can be detrimental to American businesses that supply high-end products and services, such as Boeing.
Paulie
(8,462 posts)Except these smart and serious people are all banksters.