General Discussion
In reply to the discussion: Dear President Obama, Please shut the f' up about TPP rainbows and unicorns... [View all]paleotn
(22,580 posts)....seems Obama is channeling Big Dog on this trade pact.
"NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement." - Bill Clinton statement while signing NAFTA.
How did that one work out for us? Not so good I think.
When are these people, who otherwise have the people's best interests in mind, ever going to understand the basics of cost structure in a semi laissez faire capitalist economy? Unless forced to do otherwise, corporations will always drive production to the country with the lowest costs for import into higher cost countries. And that includes R&D and other back office functions once deemed difficult if not impossible to outsource. From a purely business viewpoint, given the current global economic structure they'd be crazy not to. Such corporate views don't take into account or really give shit about the well being of our populace or any nation's populace for that matter. All they're beholding to is their fiduciary responsibility to maximize investor profits. Either Obama is listing to such people far to much or is beholding to them or both. I fear Obama is cut from the same cloth as Bill and Hillary Clinton in this respect.