Julia Hahn defines Obamatrade:
Obamatrade collectively refers to Trade Promotion Authority (TPA), which is the controversial fast-track mechanism for ramming trade treaties through Congress with minimum scrutiny, and the three major trade deals that would be guaranteed these “fast-track” protections before a page of them had been made public: the Trans-Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (T-TIP) and Trade in Services Agreement (TiSA).
And the reason we can’t find the text of the agreement? (emphasis added)
Because TPP is a “living agreement,” it can be changed subsequent to its adoption. This means that a group of twelve nations– and any new nation member that gets added to the partnership– would be empowered with, what Sen. Sessions has described as, “a sweeping new form of global governance. TPP calls this new global authority the ‘Trans-Pacific Partnership Commission.’”
Hillary backtracks: Hillary Clinton: I Totally Oppose That Trade Agreement I Negotiated In 2012.Despite referring to it as the “gold standard” for trade agreements in 2012, Hillary Clinton says she now opposes the Trans-Pacific Partnership, or TPP.
Moe Lane points out that
She’s just coming out against it this publicly because Barack Obama is publicly in favor of it.
. . .
Also, let’s be honest: Barack Obama only supports the TPP because it’s his trade deal.
Hillary’s not alone: China and Europe may team up to snub TPP, and the director of the Sierra Club says Congress Should Oppose TPP on Environmental Grounds
The disagreements over the TPP’s provisions are nuanced and complex. But the theme is not. Indeed, the TPP could well be President Obama’s most enduring legacy, because it gives his corporatism its biggest stage yet. It captures the central idea of his presidency — that when big government and big business make policy, the result is good for average Americans, even if it reduces their political freedom, or even their political participation. ObamaCare laid that marker down domestically, triggering a lightning round of health industry consolidation that turned the “big five” insurers — and their $346 billion yearly revenues — into a “big three.” The math is simple: When everyone has to buy the products dominant corporations sell, dominant corporations win. From a liberals’ standpoint, TPP takes the idea global — allowing powerful international corporations to further disadvantage American workers through a complex set of legal, financial, and economic privileges. As Rep. Rosa DeLauro (D-Conn.) put it: “The administration has put big business first, [and] workers, communities, and small businesses last.”
Back to Hahn,
Fast track authority lowers the 67 votes required to pass a treaty to a mere simply majority, it surrenders the 60 vote filibuster, and it forfeits individual senators’ ability to add amendments or changes to the trade deals negotiated by the president. It also allows the President to sign the agreement before Congress even votes.
With that, and the Republicans never finding “a hill to die on,” $5 says TPP is a sure thing.
We talked about the TPP in last night’s podcast,
— Fausta (@Fausta) October 8, 2015