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MaggieD

(7,393 posts)
9. I'll play devil's advocate
Tue Apr 28, 2015, 03:00 PM
Apr 2015

Now I will say I am against the TPP, BUT the idea is that it would create more enforceable rules around currency manipulation that is currently occurring in Asian markets. Currency manipulation distorts trade flows by artificially lowering the cost of U.S. imports and raising the cost of U.S. exports, and that causes trade deficits and lost jobs in the country or countries that do not manipulate the currency.

If I thought they would actually enforce sections of any trade agreement that would stop this currency manipulation, I might be more inclined to be supportive as a voter. But I THINK that is one of the places Obama is coming from on the issue.

I really wish we could jettison the "it's secret" bullshit and actually have a public debate about this by our politicians. Enough is known to have that debate.

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