HRC was critical of TPP before it was cool [View all]

[MaggieD]

As I have posted many times now, HRC was actually one of the first to come out and criticize the TPP. She was sounding the alarm while most of you were not paying attention. *And, as I have also posted in the past, she is focused on ending the currency manipulation which is a HUGE reason we have a trade deficit that hurts American workers.

I am not surprised Warren thinks HRC is "terrific."

http://www.huffingtonpost.com/2015/04/30/hillary-clinton-trans-pacific-partnership_n_7173108.html?ncid=fcbklnkushpmg00000013

She writes in her book (which I am sure many of you have not read, but was published almost a year ago):

"Currently the United States is negotiating comprehensive agreements with eleven countries in Asia and in North and South America, and with the European Union. We should be focused on ending currency manipulation, environmental destruction, and miserable working conditions in developing countries, as well as harmonizing regulations with the EU. And we should avoid some of the provisions sought by business interests, including our own, like giving them or their investors the power to sue foreign governments to weaken their environmental and public health rules, as Philip Morris is already trying to do in Australia. The United States should be advocating a level and fair playing field, not special favors."

*the idea is that the TPP 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.