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Omaha Steve

(99,079 posts)
Thu May 19, 2016, 01:36 PM May 2016

ITC Report Shows TPP’s Deep Flaws for U.S. Workers, Says Machinists Union President [View all]

Source: IAM News

International President Robert Martinez, Jr., of the International Association of Machinists and Aerospace Workers (IAM), issued the following statement in response to the release of U.S. International Trade Commission’s (ITC) report on the impact of the Trans-Pacific Partnership (TPP) on the American economy:

“The ITC, which historically has overestimated the benefits of trade agreements, predicts that the TPP will increase our nation’s trade deficit in manufacturing. This means that the corporate driven, secretly negotiated TPP will lead to the export of good paying manufacturing jobs to countries like Vietnam that lack basic human rights. For ordinary Americans struggling to get by this will result in more unemployment and continued downward pressure on wages and benefits.

“That a trade agreement created to boost corporate profits and CEO bonuses at the expense of working families would be so flawed is no surprise. We now have confirmation from the ITC that weak rules of origin for autos and other manufactured goods will only continue the deterioration of U.S. manufacturing. It is important to note that the ITC made this finding without even taking into consideration that the TPP fails to deal with the rampant currency manipulation by our competitors in Asia. This market distorting trade practice leaves U.S. businesses and workers at a severe disadvantage and expedites the offshoring of American jobs.

FULL story at link.

The International Association of Machinists and Aerospace Workers (IAM) is among the world’s largest and most diverse industrial trade unions, representing nearly 600,000 members in aerospace, manufacturing, transportation, shipbuilding, woodworking, electronics and the federal sector.





Read more: http://www.goiam.org/index.php/news/iam-news/16091-itc-report-shows-tpps-deep-flaws-for-us-workers-says-machinists-union-president

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Filed under NO SHit Sherlock Ferd Berfel May 2016 #1
Yes. You are right, F. B. JDPriestly May 2016 #3
And Hillary helped to write this piece of shit trade bill. ViseGrip May 2016 #2
Yep - and now she's triangulated around to publicly not liking it. Ferd Berfel May 2016 #4
But, but didn't Obama assure us he wouldn't agree to a deal that hurts us??? OMG!!! dmosh42 May 2016 #5
followed by putting Social Security back on the chopping block Ferd Berfel May 2016 #6
Obviously have not read the entire 788 page report, but the OP is a bit biased. Hoyt May 2016 #7
Here we go again. Al Franken sent me an e-mail to sign a jwirr May 2016 #8
Sounds wonderful! I think it's a re-print from the old Clintonian "NAFTA is wonderful"! dmosh42 May 2016 #9
Precisely Enthusiast May 2016 #12
Will we turn our backs on labor for the likely final time? nt silvershadow May 2016 #10
Kicked and recommended! "downward pressure on wages and benefits" Enthusiast May 2016 #11
Trade deals used to about trading goods between nations. jwirr May 2016 #14
It should be clear to everyone by now. But we are victims of a media blackout. Enthusiast May 2016 #15
99% 0f our media should take some time and go back to jwirr May 2016 #18
In other words, TPP is heaven for Republicans and Neoliberals. nt valerief May 2016 #13
Precisely. Enthusiast May 2016 #16
Why is this thing under consideration by any Democrat? JustABozoOnThisBus May 2016 #17
" ...the Environment chapter is fully subject to TPP’s dispute settlement process ..." pampango May 2016 #19
Kindly pimp your anti-worker propaganda elsewhere. Thanks. n/t brentspeak May 2016 #22
Kindly explain why an excerpt dealing with labor and environmental standards is 'anti-worker pampango May 2016 #23
Public Citizen Global Trade Watch--------------------- turbinetree May 2016 #20
KnR, OS! Dont call me Shirley May 2016 #21
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