Friday, January 2, 2015

How Bipartisanship on Free Trade Will Destroy the Economuy

Bipartisanship is no longer the hallmark of a thing that both sides want and that therefore must be good.

It's now hallmark of a thing that because both sides want it, it must be catastrophically bad.

Erik Loomis at LGM:
But there is one significant area where Obama and the Republicans agree and that is on the Trans-Pacific Partnership. The TPP is a free trade deal that would straddle the Pacific Rim, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S., and Vietnam. It would create the world’s largest free trade zone. If you liked NAFTA sending millions of jobs out of the United States with no labor or environmental protections for the nations receiving these jobs, you will love the TPP. So far the TPP has gone nowhere because of Harry Reid and Democrats in the Senate. This law is anathema to senators like Elizabeth Warren and Sherrod Brown and should be for any of us who value American jobs and the dignity of the working class. The Obama Administration last year sought fast-track authority for the TPP from the Senate. Democrats refused. Republicans won’t.


Is giving American companies even more incentive to move American jobs abroad what we want from a Democratic president? No. Is giving corporations the ability to defeat national attempts to hold them accountable what we want from a Democratic president? No. Is outsourcing pollution to the world’s poor what we want from a Democratic president? No. Fighting the TPP needs to be central to the political agenda of progressives over the next two years.

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