When we have complicated trade agreements that could put thousands of U.S. workers on the unemployment line and hamper this nation's economy, shouldn't our elected officials have a chance to review and make changes to them? After all, lawmakers have certainly spent significant time considering more frivolous matters in recent years.
The Trans-Pacific Partnership, or TPP, negotiations are in their final phase and the policy debate is in full swing. Unfortunately, it's shaping up as a debate about trees, not forests; it ignores the central goal of the TPP: to renew the Asia-Pacific trading system and firm up America's role in it.
With progressive voice Sen. Elizabeth Warren helping lead the fast track/TPP opposition, and possible candidates Bernie Sanders and Martin O'Malley joining in opposition, it's time for Hillary Clinton to tell people where she stands on fast track and TPP. Will she join with working people and the 99 percent, or will she bend to the D.C./Wall Street crowd?
A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter, and it's as bad as many of us feared. Now we know why the corporations and the Obama administration want the TPP kept secret from the public until it's too late to stop it.
The current dollar episode is a reminder that currency values matter and while manipulation is not in play this time, it could be so again in the future. If the TPP is as important as its advocates say it is, I can think of no better time and place to take preventive action against those who manage their currencies to our disadvantage.
I wrote to my senator, Chuck Schumer (D-New York), about a critical issue and actually received a response. In my letter I had registered particular concern about the Trans-Pacific Partnership trade deal and plans to "fast track" its implementation, two of several issues on which I wanted his input.
The ongoing trade deficit has transferred trillions of dollars out of our economy. It has cost us millions of jobs, tens of thousands of factories and entire industries. As it continues, it is costing us our ability to make a living as a country -- except for our financial sector. This has made a very few people unimaginably wealthy, but it has made the rest of us, and the country, poorer.
Multinational corporations -- including some of the planet's biggest polluters -- could use the Trans-Pacific Partnership to sue governments, in private trade tribunals, over laws and policies that they claimed would reduce their profits. The implications are that corporate profits are more important than protections for air and water, climate stability, workers' rights, and more.