The death of the American steel industry is fine with the likes of the Wall Street Journal, Forbes and the Cato Institute. They say Americans should thank foreign states that violate international trade laws by subsidizing their steel industries.
Without significant changes, TPP will just be another American factory shuttering, dream shattering trade deal. Of course, the corporations that stand to profit support the current TPP scheme, as they did the other job-destroying trade deals. And so do corporate politicians.
The rich snicker as the vast majority of Americans are so distracted they don't focus on record corporate profits, on record low corporate tax payments or on lobbyists buying tax breaks for corporations and loopholes for offshore accounts.
Yet another report is out showing how the trade deficit is costing us millions of jobs and hurting our economy. This is a real problem that is hurting people, hurting communities, hurting our tax base and hurting our ability to make a living in the future.
We can no longer tolerate such a diversion of wealth that has weakened our economic and social fabric so much that we have fallen behind the rest of the developed world in education, health care, aging infrastructure, and even environmental protection.
At a time of dwindling union membership, at a time when labor union participation is so small as to be nearly negligible, state legislatures across the country are taking up right-to-work (for less) laws that will further decimate union ranks.
The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.