Warren On Trans-Pacific Partnership: If People Knew What Was Going On, They Would Stop It - RawStory

[octoberlib]

47. Key words here "Congress has to pass legislation" LOL!

It would create the largest free-trade zone in the world and produce a $1 trillion annual increase in GDP for the economies on both sides of the Atlantic, according to a European Commission study.

If Obama could negotiate and implement just these two agreements, he would almost without question be the most successful trade president in U.S. history. But the Constitution charges Congress, not the president, with regulating commerce, which means Congress has to pass legislation implementing any agreements the president negotiates. And this is where the administration may have a huge problem on its hands.

In any political battle over trade, this gives the upper hand to anti-trade voices. This is important to keep in mind now, because the success or failure of the TPP and the TTIP -- and the potential trillions in added wealth for the nation's coffers -- will likely be determined by vote in Congress that may take place as early as July.

http://www.theatlantic.com/politics/archive/2013/06/the-odd-bipartisan-coalition-that-could-sink-obamas-free-trade-legacy/276938/