TPP Archives – EzKool

Now, a lot of people don’t like the new trade deal by the Obama administration and 11 other countries, and like Donald Trump ignorantly showed in tonight’s debate, a lot of people don’t like the deal although they have no clue about what the deal entails.

In tonight’s debate, Donald Trump was answering a question about TPP, and he went on a rampage talking about China and how they are using the deal to “manipulate their currency” and how much he hates the deal because “it is a deal designed to allow China to come in, as they always do, through the back door.” After spitting his nonsense for well over the allotted time, Rand Paul casually chimed in with, “we might want to point out that China is not part of the deal.”

Trump had nothing else to say.

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It’s President Obama Against High Profile Democrats on the New Trade Agreement

U.S. President Barack Obama delivers remarks at an Organizing for Action summit in Washington April 23, 2015. REUTERS/Jonathan Ernst

President Obama has come out swing against not only Republicans, but against members of his own party who are criticizing his newest and most ambitious trade deal, the TPP or The Trans Pacific Partnership. Once his friends, the people now playing the role of his foes include the likes of Senator Elizabeth Warren of Massachusetts, Trade Unions and Environmental groups.

“When people say that this trade deal is bad for working families, they don’t know what they’re talking about,” Obama told a group of about 200 volunteers and donors with Organizing for Action, an advocacy group formed by his former campaign team. “I take that personally. My entire presidency has been about helping working families.

“The Chamber of Commerce didn’t elect me twice – working folks did,” he said.

Obama argued it would be illogical for him to sign a trade deal that would hurt middle-class jobs given his efforts to expand health care insurance, bail out the auto industry and overhaul Wall Street regulations.

“I spent a lot of time and a lot of political capital to save the auto industry,” Obama said, banging the lectern with a pointed finger for emphasis. “Why would I pass a deal that would be bad for U.S. auto workers?”

Obama is seeking fast-track authority from Congress to finalize the TPP deal, which would link a dozen economies and cover a third of global trade.

The Senate could vote on the fast-track legislation next week, but it may face a tough ride in the House of Representatives, where many Democrats oppose it.

Democratic opponents say the deal would cause a repeat of the factory closures and job losses seen after the North American Free Trade Agreement between the United States, Canada and Mexico was approved in 1993.

Obama said he understands the fears, but said the criticism was out of date, arguing the new deal will include strong protections for labor and the environment, and warning that a failure to pass it would cede economic power to China.

“You need to tell me what’s wrong with this trade agreement, not one that was passed 25 years ago,” he said, urging his supporters to spread the word.

“We can’t just oppose trade on reflex alone.”