Fast-Track Treason and the Coming Corporate Coup: Calling Out TPP Traitors

[Hoyt]

26. I'm saying what Obama said, he's seeing what he can get.

If you read what he said to Matt Yglesias the other day, you'd know: "Where Americans have a legitimate reason to be concerned is that in part this rise has taken place on the backs of an international system in which China wasn't carrying its own weight or following the rules of the road and we were, and in some cases we got the short end of the stick. This is part of the debate that we're having right now in terms of the Trans-Pacific Partnership, the trade deal that, you know, we've been negotiating. There are a lot of people who look at the last 20 years and say, 'Why would we want another trade deal that hasn't been good for American workers? It allowed outsourcing of American companies locating jobs in low-wage China and then selling it back to Walmart. And, yes, we got cheaper sneakers, but we also lost all our jobs.'"

"And my argument is two-fold. Number one: precisely because that horse is out of the barn, the issue we're trying to deal with right now is, can we make for a higher bar on labor, on environmental standards, et cetera, in that region and write a set of rules where it's fairer, because right now it's not fair, and if you want to improve it, that means we need a new trading regime. We can't just rely on the old one because the old one isn't working for us."

"But the second reason it's important is because the countries we're negotiating with are the same countries that China is trying to negotiate with. And if we don't write the rules out there, China's going to write the rules. And the geopolitical implications of China writing the rules for trade or maritime law or any kind of commercial activity almost inevitably means that we will be cut out or we will be deeply disadvantaged.

"Our businesses will be disadvantaged, our workers will be disadvantaged. So when I hear, when I talk to labor organizations, I say, right now, we've been hugely disadvantaged. Why would we want to maintain the status quo? If we can organize a new trade deal in which a country like Vietnam for the first time recognizes labor rights and those are enforceable, that's a big deal. It doesn't mean that we're still not going to see wage differentials between us and them, but they're already selling here for the most part. And what we have the opportunity to do is to set long-term trends that keep us in the game in a place that we've got to be. . . . . . ."

http://www.vox.com/a/barack-obama-interview-vox-conversation/obama-foreign-policy-transcript

In the past couple of years, I've read here how Obama was going to gut Social Security, he was going to push the pipeline through, he was against net neutrality, etc. None of that happened. I believe he won't sell us down the river here either.