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forjusticethunders

(1,151 posts)
2. The sad thing is that the Democratic Establishment accepted NAFTA was a failure for workers
Thu Dec 29, 2016, 07:44 AM
Dec 2016

TPP was supposed to be a fix for NAFTA by essentially imposing a framework for 1st World style labor, wage and environmental standards in the 3rd World in exchange for access to a massive trade economy of scale and economic protection from China. while opening new markets for US goods . I think the messaging on it was really really off, and I do point to that as a mistake by Obama. He should have sold it as a Global New Deal of some kind, and/or as a fix for NAFTA. Yes there's a level of secrecy that is neccessary for negotiation, but that allowed the """independent left""" press to run wild about what it really meant.

Also I do think Obama made a mistake by not jailing at least some of the bankers; I understand that he was never the type to go to war with Wall Street, and it would have been fine if income inequality and the cost of living didn't skyrocket, but the combination of those two factors made his standing in certain areas that have outsized electoral power a bit shakier which opened the way for Trump.

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