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In reply to the discussion: The staged performance and then the betrayal [View all]SMC22307
(8,088 posts)170. The Portman-Stabenow amendment is attached to the TPA, not the TPP.
The real showdown will be over the Portman-Stabenow amendment attached to the trade promotion authority itself. If that reached Mr. Obamas desk, supporters say, the president would have to sign it.
....
The House speaker, who has long been at odds with Mr. Obama, looks as of he intends to be a bulwark for the White House on this issue. Weve had this discussion about currency between countries and continents for the 25 years that Ive been here, and to think that Congress can legislate what currency valuations are between countries is almost laughable, Mr. Boehner said Thursday.
Democrats and Republicans in both congressional chambers disagree. Ms. Stabenow took to the Senate floor to argue that Japans weak yen is effectively raising the price of American automobiles there. Currency manipulation is the most significant 21st-century trade barrier that American businesses and workers face today, and it is the least enforced against, she said.
Ms. Pelosi expressed her own frustration with the White House. The administration has been pretty clear that they dont want this in the bill, she said. We keep saying, Well, what other suggestions do you have? There is a general belief, she added, that currency manipulation has been responsible for the loss of many jobs in this country.
Such talk has administration officials worried and playing defense. Treasury Secretary Jacob J. Lew has said Japan has refrained in recent years from the kind of blatant currency manipulation it practiced in the past. And China, which has closely managed its own currency, has let the renminbi rise against the dollar.
....
http://www.nytimes.com/2015/05/15/business/senate-vote-currency-manipulation-fast-track-trade.html?_r=0
....
The House speaker, who has long been at odds with Mr. Obama, looks as of he intends to be a bulwark for the White House on this issue. Weve had this discussion about currency between countries and continents for the 25 years that Ive been here, and to think that Congress can legislate what currency valuations are between countries is almost laughable, Mr. Boehner said Thursday.
Democrats and Republicans in both congressional chambers disagree. Ms. Stabenow took to the Senate floor to argue that Japans weak yen is effectively raising the price of American automobiles there. Currency manipulation is the most significant 21st-century trade barrier that American businesses and workers face today, and it is the least enforced against, she said.
Ms. Pelosi expressed her own frustration with the White House. The administration has been pretty clear that they dont want this in the bill, she said. We keep saying, Well, what other suggestions do you have? There is a general belief, she added, that currency manipulation has been responsible for the loss of many jobs in this country.
Such talk has administration officials worried and playing defense. Treasury Secretary Jacob J. Lew has said Japan has refrained in recent years from the kind of blatant currency manipulation it practiced in the past. And China, which has closely managed its own currency, has let the renminbi rise against the dollar.
....
http://www.nytimes.com/2015/05/15/business/senate-vote-currency-manipulation-fast-track-trade.html?_r=0
It is REALLY challenging trying to keep up with all of this!
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Those who vote for this will be rewarded by the beneficiaries of this atrocious
sabrina 1
May 2015
#5
The party isn't gonna change. Period. At least not in your lifetime, or the next one.
jtuck004
May 2015
#14
"The love of money is the root of all evil" < That explains a lot of our problems. n/t
jtuck004
May 2015
#184
'Religion" is not used as a deity construct, it is being used as a belief in what used to be the
djean111
May 2015
#28
This is too important to play dimwitted "let's get a post locked" games.
DisgustipatedinCA
May 2015
#30
Losing one's religion is just a saying, it has nothing to do with organized religion/deities.
cui bono
May 2015
#114
I've been afk a bit, what have I missed, what is this in reference to?
Erich Bloodaxe BSN
May 2015
#15
Actually, I'm guessing at that part because the information I've seen is sketchy.
randome
May 2015
#36
That's it. I knew I had it wrong but I wasn't able to find the posts for it. Thanks.
randome
May 2015
#43
A lot of the Dems who voted against the TPP fast tracking reversed their votes, so now
Nay
May 2015
#34
Agree. Protecting human rights as well as corporate rights is not anti free trade.
think
May 2015
#33
I'm waiting for a single BOG er to wake the hell up and admit what this president has done
Doctor_J
May 2015
#86
They insult the very people who put them in office. Why do they even bother to hide this
Elwood P Dowd
May 2015
#140
At the end of "Joe's Garage," Joe - who only ever wanted to play guitar - has been stripped of
RadiationTherapy
May 2015
#208
Here is the greatest example of the point and one of Frank's most exquisite works.
RadiationTherapy
May 2015
#210
I had hoped my anger over this outragous betrayal would have subsided somewhat by now.
99Forever
May 2015
#193