General Discussion
In reply to the discussion: If Sanders and Warren were telling the truth, they'd argue FOR, not against, the TPA. [View all]cali
(114,904 posts)and Bernie hasn't spent much time criticizing the secrecy which damn well is real. President Obama could release the draft TPP (almost completed according to the USTR) or release finished parts of the text anytime.
And no, they cannot discuss the specifics. Period. The problem of being a trust the President sort as you are, is that you can't be bothered to actually do the research yourself. You just repeat propaganda.
So by way of response, here are ten moments where the President or his subordinates have lied call it misled or offered half-truths or whatever; but Im in an ornery mood so lets just say lied about his trade agenda:
1. 40 PERCENT: The President and his team have repeatedly described TPP as a deal involving nearly 40 percent of global GDP. This tells only part of the story. First of all, the U.S. by itself represents 22 percent of global GDP; a bill naming a post office would involve that much. Second, we already have free trade agreements with six TPP partners Canada, Mexico, Australia, Singapore, Chile and Peru and between them and us, thats 80 percent of the total GDP in this deal. The vast majority of the rest is represented by Japan, where the average applied tariff is a skinny 1.2 percent, per the World Bank.
You can see this paragraph in graphic form here. The point is that saying TPP is about 40 percent of GDP intimates that it would massively change the ability to export without tariffs. In reality it would have virtually no significance in opening new markets. To the extent that theres a barrier in global trade today, it comes from currency manipulation by countries wanting to keep their exports cheap. The TPP has no currency provisions.
2. JOB CREATION: Saying, as the White House has, that the deal would support an additional 650,000 jobs is not true. This figure came from a hypothetical calculation of a report by the Peterson Institute for International Economics, which the Institute itself said was an incorrect way to use their data. We dont believe that trade agreements change the labor force in the long run, said Peter Petri, author of the report, in a fact check of the claim.
The deal is actually more about building up barriers than taking them down. Much of TPP is devoted to increasing copyright and patent protections for prescription drugs and Hollywood media content. As economist Dean Baker notes, this is protectionist, and will raise prices for drugs, movies and music here and abroad.
3. EXPORTS ONLY: The Administration constantly discusses trade as solely a question of U.S. exports. A recent Council of Economic Advisors report touts: Exporters pay higher wages, and export industry growth translates into higher average earnings. But the Economic Policy Institute points out that this ignores imports, and therefore the ballooning trade deficit, which weighs down economic growth and wages. Talking about trade without discussing both imports and exports is like relaying the score of a ballgame by saying Dodgers 4. It is literally a half-truth. Recent trade deals have in fact increased the trade deficit, such as the agreement with South Korea. Senator Sherrod Brown notes that the deal has only increased exports by $1 billion since 2011, while increasing imports by $12 billion, costing America 75,000 jobs.
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http://www.salon.com/2015/05/12/the_10_biggest_lies_youve_been_told_about_the_trans_pacific_partnership/