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Keyword: freetrade

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  • DONALD TRUMP: The 'dummies' at The Wall Street Journal owe me an apology

    11/12/2015 3:10:50 PM PST · by SeekAndFind · 34 replies
    Business Insider ^ | 11/12/2015 | Colin Campbell and Brett LoGiurato
    Republican presidential candidate Donald Trump told Business Insider on Thursday that he is demanding a formal apology from The Wall Street Journal for an editorial that panned his free-trade policies. "In other words, they said, 'Donald Trump made a mistake in his speech.' And I didn't. It was said perfectly," the real-estate mogul said during an interview at his Trump Tower office. "And when you read my transcript — that's the transcript of my speech," he said, handing out a typed copy of his debate remarks, "it's perfect. So now we've demanded an apology from The Wall Street Journal." The...
  • Ben Carson Spurns GOP Base With Support for ObamaTrade TPP

    11/11/2015 5:07:25 PM PST · by VitacoreVision · 53 replies
    The New American ^ | 10 November 2015 | Alex Newman
    Pediatric neurosurgeon and 2016 GOP frontrunner Ben Carson has easily fended off most of the spurious attacks from the establishment press, but growing conservative outrage over the Carson campaign's recent announcement of support "with reservations" for Obama's deeply controversial Trans-Pacific Partnership deal may prove more tricky. Ironically, the Carson camp claimed Carson supported the deal, dubbed "ObamaTrade" by critics, as a "counterbalance to China's influence" just two days after the Obama administration publicly invited the brutal Communist Chinese dictatorship and Russia's Vladimir Putin to join the TPP as well. Among many of Carson's conservative supporters, the pro-TPP position is likely...
  • Christopher Columbus’ Objective: Free Trade Routes

    10/13/2015 12:58:59 PM PDT · by Kaslin · 28 replies
    Townhall.com ^ | October 13, 2015 | Seton Motley
    Monday was a federal holiday. By that we mean government bureaucrats had the day off - the people who pay them did not. For people addled by Political Correctness (PC) - it was “Indigenous People Day.” For We the Sane - it was Columbus Day. Columbus is of course Christopher Columbus. The Italian man funded by Spaniards who in 1492 established the European New World connection that led to us today. (The Vikings got here first - but their imprints eventually withered away.) Columbus set off to find…a new route to the East Indies (the Old World’s name for much...
  • The Trans Pacific Partnership: Just Change for the Sake of Change, or Well-Disguised Destruction?

    10/12/2015 11:13:15 AM PDT · by jfd1776 · 2 replies
    Illinois Review ^ | October 12, 2015 A.D. | John F. Di Leo
    The short version – the one we know from the mainstream media (MSM) – is as follows: The TPP is a terrific trade deal which would increase our economic activity on both sides of the Pacific, and which might be the greatest lasting victory of the Obama administration. It involves some unsavory compromises, but the benefits far outweigh them, if the administration is to be believed. And that may be true. But it may also be very wrong. The fact is, the Trans Pacific Partnership is a massive agreement that changes the entire scope of international trade policy, and merits...
  • Trans-Pacific Partnership Deal Reached! Now What?

    10/08/2015 8:15:57 PM PDT · by Tolerance Sucks Rocks · 16 replies
    Cato @ Liberty ^ | October 5, 2015 | Daniel J. Ikenson
    After six years of negotiations, a final Trans-Pacific Partnership agreement has been reached in Atlanta.  Check your pacemakers, trade policy wonks. This is about as exciting as it gets in our world.First, congratulations are in order for the TPP negotiators, who worked extremely hard over the past several years in an environment of profound public skepticism – much of it driven by pervasive scaremongering – to arrive at this moment. Reaching accord on a broad array of subjects between 12 countries at different levels of economic development with disparate policy objectives is not a task for the faint of heart.Second, there...
  • Trump Declares War On Obamatrade: ‘Time To Send A Real Businessman’ To White House To End This

    10/05/2015 4:14:10 PM PDT · by 2ndDivisionVet · 14 replies
    Breitbart's Big Government ^ | October 5, 2015 | Matthew Boyle
    GOP frontrunner Donald Trump is hammering President Barack Obama, his administration and Congress for completely failing the American worker when it comes to trade policy—whacking the Trans Pacific Partnership (TPP) trade pact with 12 Pacific Rim nations that the Obama just finalized in Atlanta as a deal that jeopardizes U.S. jobs. “The incompetence and dishonesty of the President, his administration and—perhaps most disturbing—the Congress of the United States are about to place American jobs and the very livelihoods of Americans at risk,” Trump tells Breitbart News in an exclusive statement reacting to the news that the president and his negotiators...
  • Free Trade Illusions: Why Free trade should not be a sacred doctrine among conservatives.

    09/29/2015 7:13:39 AM PDT · by SeekAndFind · 52 replies
    American Thinker ^ | 09/29/2015 | Norman Rogers
    Free trade is supported by enlightened thinkers and academic economists.  Those who are opposed to free trade are seen as special interests trying to shelter uneconomic industries that can’t stand up to foreign competition.  It is a truism that no trade transactions would take place if they weren’t to the advantage of both parties.  What could possibly be wrong with trade that is advantageous to both parties? If free trade is so wonderful, one has to wonder why many of our trading partners are resistant to it.  Perhaps these countries are just behind the times.  They may not have...
  • Donald Trump: America Needs ‘Fair Trade,’ Not ‘Free Trade’

    09/27/2015 8:42:57 PM PDT · by Red Steel · 103 replies
    Breitbart ^ | 27 Sep 2015 | Alex Swoyer
    “Claims that trade deals increase exports and create jobs are based on flawed trade models, and on distorted and one-sided interpretations of the findings of those models,” Scott explained. “If you’re president, you’re going to have to live with it,” Pelley said to the billionaire businessman during the interview, referencing NAFTA. Trump fired back: “Excuse me, we will either renegotiate it or we will break it. Because, you know, every agreement has an end.” Pelley said Trump can’t just break the law. “Excuse me, every agreement has an end. Every agreement has to be fair,” Trump reiterated. “Every agreement has...
  • 30-Year Trade Deficit with China

    09/13/2015 11:04:28 AM PDT · by NaturalBornConservative · 1 replies
    Natural Born Conservative ^ | September 13, 2015 | Larry Walker II
    Port of Savannah Maybe Trump Gets It-By: Larry Walker II-This year-to-date, the United States has imported $267.7 billion in goods from China, while exporting just $65.4 billion in goods to China. That amounts to a current year trade deficit of $202.3 billion, in the first seven months alone. Looking back over the last 30 years, the last time our mutual trade comprised any semblance of balance was in 1985. Our trade deficit with China was a mere $6.0 million in 1985 (the last time it would amount to less than a billion dollars). From a trade deficit of just...
  • Wikileaks Exposes Obama’s Phony Trade Bill…Only 5 of 29 Chapters About Trade

    08/30/2015 10:29:37 AM PDT · by yorkie · 30 replies
    The PC Graveyard ^ | August 28, 2015 | Staff
    During the August recess GOP senators were told to press for the passage of the TPP Trade Agreement. Yikes!! Wikileaks has gotten their hands on a copy of Obama’s phony TPP trade bill. It contains 29 chapters but only 5 pertain to trade. Wikileaks will be publishing the entire bill and they have already released the chapter on Investment. It’s very interesting. It is written in a such a way as to give multinational companies a huge advantage on trade. If a public hospital is built close to a private one, the private hospital has the right to sue the...
  • Donald Trump: A 21st Century Protectionist Herbert Hoover

    08/29/2015 9:14:18 AM PDT · by Hojczyk · 70 replies
    Newsmax ^ | August 29,2015 | By Stephen Moore & Lawrence Kudlow
    By Stephen Moore & Lawrence Kudlow Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover. Obviously that economic strategy didn't turn out so well — either for the nation or the GOP. Does Trump aspire to be a 21st century Hoover with a modernized platform of the 1930 Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system? We can't help wondering whether the panic in world financial markets...
  • Kudlow: Why Trump's protectionist ways will hurt the economy

    08/26/2015 5:47:02 PM PDT · by WilliamIII · 168 replies
    CNBC ^ | Aug 26 2015 | Kudlow and Moore
    Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover. Does Trump aspire to be a 21st century Hoover with a modernized platform of the 1930 Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system?
  • Trump catches attention of CFR, Bilderberg, Trilateral

    08/25/2015 6:46:47 PM PDT · by dontreadthis · 67 replies
    jon rappoport blog ^ | August 24, 2015 | Jon Rappoport
    The powerful Globalist players at the Council on Foreign Relations, the Bilderberg Group, and the Trilateral Commission are certainly watching the presidential campaign of Donald Trump. Trump has already made statements about immigration they find troubling. They may or may not be taking Trump’s presidential run seriously. They may or may not view him as an inconsequential blowhard, a shoot-from-the-hip cowboy who forgets today what he said yesterday—but today the New York Times has made reference to Trump in a way that will make these Globalist heavy hitters pause and blink while drinking their morning coffee (Here in “As Stock...
  • Democrat Vows To Block Key Nomination Over Asia Trade Deal Secrecy[TPP]

    08/15/2015 9:45:24 AM PDT · by Theoria · 14 replies
    NPR ^ | 14 Aug 2015 | Brakkton Booker
    Sen. Sherrod Brown announced Friday he is going to block the confirmation of a high-level White House nominee, because of the Obama administration's refusal to relax its secrecy protocols that make it difficult for members of Congress and their staffs to review the language in a Pacific Rim trade deal.Brown, a Democrat from Ohio, told NPR it was "outrageous" that congressional staff members with the proper security clearances can view the Trans-Pacific Partnership draft only when a member of Congress accompanies them. As NPR's Ailsa Chang reported in May, the document is stored in a highly secure room in the...
  • An America with Donald Trump as President: A Summary of His Openly Stated Policies

    08/11/2015 8:45:22 AM PDT · by SeekAndFind · 34 replies
    Investopedia ^ | 08/11/2015
    It's never easy to predict how any presidential term will play out; very few could have anticipated the 9/11 attacks or the Iraq War after George W. Bush won in 2000 or the lingering effects of the Great Recession after Barack Obama won in 2008. Yet the recent and meteoric rise of Donald Trump to the top of the GOP polls begs an interesting question: what if the billionaire real estate mogul actually wins the White House in 2016?As of July 2015, it is hard to nail down precisely what Trump's economic, social and foreign policies are. Trump is big...
  • Arizona, Mexico agreement extends I-11 to Mexico City

    08/06/2015 6:56:29 AM PDT · by Tolerance Sucks Rocks · 13 replies
    Phoenix Business Journal ^ | June 15, 2015 | Eric Jay Toll
    Interstate 11 is getting another boost with execution of a memorandum of understanding between Arizona and Mexico. One of the four international cooperation agreements to be signed by Gov. Doug Ducey and the Mexican Secretary of Foreign Affairs Jose Antonio Meade extends I-11 from Nogales into Mexico to Hermosillo and Mexico City. The international commerce corridor MOU grew out of a conversation between Arizona business leaders, Ducey and Mexican billionaire Carlos Slim at the Phoenix Business Journal’s Global Market Discovery series earlier this year. People on the Move Victor Foggie Victor Foggie Big Brothers Big Sisters of Central Arizona Brian...
  • Donald Trump’s fairy tale economics is bad for his party and terrible for America

    07/30/2015 3:46:16 AM PDT · by 2ndDivisionVet · 54 replies
    London's City A.M. ^ | July 28, 2015 | Ryan Bourne, head of public policy at the Institute of Economic Affairs.
    The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016. The pack is certainly more impressive than in 2012 and, with the exception of one or two candidates, they are ostensibly advocates of relatively free market policies. In a campaign against an unlikeable Hillary Clinton, many conservatives were quietly confident of victory in 2016. But all these voices are being drowned out by the brash businessman and property magnate Donald Trump. Despite widespread criticism for his remarks about “rapist” illegal Mexican immigrants, Trump...
  • Obama's trade agenda moves past key Senate hurdle

    06/23/2015 9:01:21 AM PDT · by bimboeruption · 100 replies
    CNN ^ | 6-23-15 | Ted Barrett and Athena Jones,
    The President's trade agenda scored a major victory Tuesday when the Senate voted to advance a bill to allow "fast-track" approval of large international trade bills. The outcome of this key procedural vote had been in doubt as a group of 14 pro-trade Democrats weighed whether to continue their support of the bill out of concern that a related workers' assistance package might not pass both chambers. But after repeated assurances by GOP congressional leaders that workers' assistance measure will be adopted, 13 out of 14 backed the bill. The vote was 60 to 37, passing by the slimmest margin...
  • An Open Letter to all the Free Traders out there in Freeperville ~ Vanity

    06/17/2015 12:57:57 PM PDT · by GraceG · 35 replies
    There has been vigorous debate in the Free Republic Forums recently between the propel who think the TPP and TPA are good and that we need Free Trade, and the staunch protectionists out there, and the middle of the road variety like myself that don't want such things but still recognize that we need trade. We have learned many things about each other, but one of the things I have come to realize is that the "free trade" has a lot of issues. The way I see it, the only way Free Trade will EVER work properly, (especially with China_...

    06/14/2015 6:35:25 PM PDT · by 2ndDivisionVet · 218 replies
    The Examiner ^ | June 14, 2015 | Bill Sullivan, Little Rock Religion Examiner
    STOP FIGHTING AGAINST PATRIOTS.TPA, TAA, TPP, TED CRUZ, JEFF SESSIONS AND YOU There is a lot of confusion about these acronyms; about what Jeff Sessions believed and what Ted Cruz voted for. But I hope you are able to see when I finish, why we should be careful in fighting our own about every thing we hear. Sometimes they will even differ in their understanding. I was ignorant about it up until a week or two ago, when I looked into the matter carefully. First of all not one person up there understands more about international rulings and how they...
  • Democrat Sanders presses Clinton to take a stand on trade deal

    06/14/2015 12:08:00 PM PDT · by Theoria · 14 replies
    Reuters ^ | 14 June 2015 | Andy Sullivan
    Bernie Sanders, the outspoken progressive U.S. senator challenging Hillary Clinton for the 2016 Democratic presidential nomination, urged her on Sunday to take a stand on a big trade deal that has divided the Democratic Party. Clinton aides appearing on Sunday television news shows said she would not weigh in until negotiations were complete. Sanders, a vocal critic of free trade, called on Clinton to join labor unions, environmentalists and other opponents of the trade package before it is brought up for another vote this week. Clinton is the front-runner among candidates to be the Democratic Party nominee for the November...
  • A Big Piece of the Secret "Free Trade" Deal Was Voted Down

    06/14/2015 10:57:41 AM PDT · by fortheDeclaration · 27 replies
    Mises Institute ^ | June 12, 2015 | Ryan McMaken
    Full-blown free trade is about total decentralization in trade policy. In a country that enjoys free trade — that is, a country that has implemented unilateral free trade — it is fully up to the individual consumer and entrepreneur as to whether or not he wishes to do business with foreign suppliers. Under such a system, a baker who must buy delivery trucks and flour for his business can choose whether or not he will obtain his supplies from foreign or domestic suppliers. In most cases, he will choose the most economical option, and the marketplace will reflect this reality....
  • We Need Actual Free Trade, Not the TPP

    06/14/2015 10:52:20 AM PDT · by fortheDeclaration · 6 replies
    Mises Institute ^ | May 30 2015 | Ryan McMaken
    Brendan Nyhan at The New York Times seems to be under the impression that the Trans Pacific Partnership (TPP) has something to do with free trade. Nyhan writes that the TPP is the latest step in a decades-long trend toward liberalizing trade — a somewhat mysterious development given that many Americans are skeptical of freer trade. But Americans with higher incomes are not so skeptical. They — along with businesses and interest groups that tend to be affiliated with them — are much more likely to support trade liberalization.... As Henry Hazlitt wrote with exasperation in Economics in One Lesson,...
  • Why Americans Are Turning Against Free Trade

    06/14/2015 3:17:22 AM PDT · by 2ndDivisionVet · 158 replies
    The Atlantic ^ | June 12, 2015 | David Frum
    When the proceeds of growth are not widely shared, the consensus in favor of pro-growth measures cracks. A decade and a half ago, I filled my days writing speeches urging Congress to grant President George W. Bush fast-track trade authority. If memory serves, I wrote more speeches on that one subject than on any other. Obviously, I didn’t earn my pay: Despite Republican majorities in both Houses, Congress balked. This past year, President Obama has worked as hard for fast-track authority as President Bush ever did. It now seems that his efforts will prove as unavailing. This time, if anything,...
  • TED CRUZ HQ: A Note to Conservatives on Trade Agreements

    06/13/2015 4:07:12 PM PDT · by 2ndDivisionVet · 237 replies
    Ted Cruz for President ^ | June 12, 2015 | Staff
    Senator Cruz entirely understands the widespread suspicion of the President. Nobody has been more vocal in pointing out the President’s lawlessness or more passionate about fighting his usurpation of congressional authority. Senator Cruz would not and will not give President Obama one more inch of unrestricted power. There have been a lot of questions and concerns about the ongoing Pacific trade negotiations. Many of those concerns, fueled by the media, stem from confusion about Trade Promotion Authority (TPA) and the proposed Trans-Pacific Partnership (TPP). Let’s unpack the issues one by one. What are TPA and TPP? TPA stands for Trade...
  • Oh, shut up about trade deal secrecy: Column

    06/13/2015 3:35:32 PM PDT · by 2ndDivisionVet · 41 replies
    USA Today | June 12, 2015 | John Rigolizzo, Jr.
    Link only due to copyright issues: http://www.usatoday.com/story/opinion/2015/06/12/tpp-obama-warren-trade-secrets-column/28703605/
  • Wait, are we primarying Paul Ryan over his support for Obama’s trade authority now?

    06/12/2015 10:22:41 PM PDT · by 2ndDivisionVet · 26 replies
    Hot Air ^ | June 12, 2015 | Allahpundit
    It’s going to be weird when John Boehner and John McCain are returned to Congress next November by landslide margins while Mr. Entitlement Reform is busy clearing out his desk. Oh well. The Ted Cruz primary fight in 2018 will be interesting, at least. Laura Ingraham ✔ ‎@IngrahamAngle Wisconsin sources say discussions building in favor of challenging @RepPaulRyan over his role in the #ObamaTrade. #PeoplesCandidate 10:05 AM - 12 Jun 2015 Laura Ingraham ✔ ‎@IngrahamAngle FACT: @RepPaulRyan will have mega bucks to defend his reelection from the same Corps that benefit from & lobbied for #ObamaTrade. 10:30 AM - 12...
  • Trade promotion law promises greater economic opportunity

    06/12/2015 3:52:25 PM PDT · by 2ndDivisionVet · 49 replies
    The Orange County Register ^ | June 12, 2015 | Mimi Walters
    This week, Congress has a historic opportunity to unite behind an issue that will create jobs, raise wages and solidify the U.S. as the leader in the 21st century economy. On Friday, the House is expected to vote on a bill known as trade promotion authority, or TPA. This legislation would empower Congress to dictate the terms of free trade agreements and ensure the U.S. secures the best trade deal possible for American workers, manufacturers, farmers and ranchers. This issue shares broad bipartisan support ranging from Senator Ted Cruz, R-Texas, Congressman Paul Ryan, R-Wis., and President Obama. Its passage is...
  • For Democrats split on trade, the fight is getting personal. Very personal.

    06/12/2015 10:29:12 AM PDT · by Biggirl · 10 replies
    The Washington Post ^ | June 12, 2015 | Amber Philips
    Democrats feel backed into a corner on today's high-stakes vote on Obama's trade deals. And they're letting it show.
  • Scott Walker Pushes Obamatrade On Eve Of Vote

    06/12/2015 12:50:18 AM PDT · by z taxman · 94 replies
    Breitbart ^ | 6/11/15 | Matthew Boyle
    Washington, DC1031 Despite staying largely silent on the issue—he’s quietly supported it for weeks, but hasn’t said anything at all in quite a long time—Wisconsin Gov. Scott Walker crossed most conservatives by coming out in support of Obamatrade on Thursday evening in an interview with Bloomberg’s Mark Halperin. Walker, Bloomberg’s Halperin and John McCormick wrote, “expressed agreement with President Barack Obama on the pressing issue of fast-track trade legislation.” “Walker said he supports giving Obama the authority to submit trade agreements to Congress for an expedited, up-or-down vote without amendments,” they wrote, before quoting Walker himself. “If we don’t go...
  • Corker: U.S. Should ‘Definitely’ Form Free-Trade Zone With Communist Vietnam

    06/11/2015 10:25:49 PM PDT · by Olog-hai · 30 replies
    Cybercast News Service ^ | June 11, 2015 | 3:37 PM EDT | Brittany M. Hughes
    Senate Foreign Relations Chairman Bob Corker (R-Tenn.) told CNSNews.com on Thursday the United States should “definitely form a trade agreement” with Vietnam, which is an authoritarian state governed by a communist regime. […] On Thursday on Capitol Hill, CNSNews.com asked Foreign Relations Chairman Corker: “The State Department says that Vietnam is ‘an authoritarian state’ that is ruled by the Communist Party. But it’s part of President Obama’s proposed trade partnership. Should America form a free trade zone with a communist regime?” Corker responded: “We definitely should form a trade agreement with Vietnam. I don’t know about all the other adjectives...
  • Dave Brat: Americans should be very concerned about a new trade deal going through Congress

    06/11/2015 1:24:25 PM PDT · by 2ndDivisionVet · 11 replies
    A new trade deal is making its way through Congress, and Congressman Dave Brat has a lot of concerns about some of the provisions in the bill. The unusual thing about this bill is that many strong conservatives are lining up on opposite sides of the fence. Some are for it, like Ted Cruz, Marco Rubio, and Ben Sasse. But Dave Brat and Mike Lee oppose it. Rep. Brat shared light on the issue on Thursday’s radio show. LISTEN: (AUDIO-AT-LINK)GLENN: There are two things going on in the country that I just don’t know what to make of. And one...
  • Left and Right Line Up Against Fast-Track Trade Legislation

    06/11/2015 9:52:03 AM PDT · by Theoria · 12 replies
    WSJ ^ | 11 June 2015 | William Mauldin
    Tea party activists, labor unions both say Obama’s trade agenda is undemocratic and secretive Some of the fiercest opponents of President Barack Obama’s trade policy on the left and right are sending notably similar messages in a bid to kill legislation in the House designed to expedite a major Pacific trade deal. With a deciding vote set for Friday, unions and progressive groups are emphasizing arguments that also appeal to conservative organizations, accusing the Obama administration of undue secrecy, stretching the limits of executive power and undermining U.S. sovereignty. “The left is using the language I use,” said Richard Manning,...
  • Top Nine Myths About Trade Promotion Authority And The Trans-Pacific Partnership

    06/11/2015 9:03:16 AM PDT · by Lucky9teen · 63 replies
    http://thefederalist.com ^ | June 9, 2015 | Scott Lincicome
    A misguided (or misleading) opposition really has no idea what it’s talking about.The current debate over Trade Promotion Authority proves, once again, that the classic description of the anti-globalization movement—as “largely the well-intentioned but ill-informed being led around by the ill-intentioned and well informed”—still holds true. Despite the tireless efforts of trade policy experts to explain why TPA and the U.S. trade agreements it’s intended to facilitate are, while imperfect, not a secret corporatist plot to usurp the U.S. Constitution and install global government, myths and half-truths continue to infect traditional and social media outlets.Because these myths—originating with the same...
  • USA must lead on trade: Congress should pass Trade Promotion Authority(TPA) & advance free markets

    06/10/2015 5:41:21 PM PDT · by 2ndDivisionVet · 73 replies
    Fox News ^ | June 10, 2015 | Rep. Kenny Marchant (R-TX)
    Having led the world in free and open markets for generations, America now faces a choice as simple as it is consequential: lead on trade, or get left behind. The decision should be clear. Congress is considering whether to renew Trade Promotion Authority (TPA). TPA is a process between Congress and the administration for negotiating trade deals that has existed in some form for over 80 years. With TPA, Congress has greater influence over trade agreements, and U.S. negotiators hold a stronger position to secure a good deal for American producers, consumers and workers. Absent TPA, the President has the...
  • U.S. Shifts Stance on Drug Pricing in Pacific Trade Pact Talks, Document Reveals

    06/10/2015 9:21:54 AM PDT · by Theoria · 8 replies
    The New York Times ^ | 10 June 2015 | Jonathan Weisman
    Facing resistance from its Pacific trading partners, the Obama administration is no longer demanding protection for pharmaceutical prices under the 12-nation Trans-Pacific Partnership, according to a newly leaked “transparency” annex of the proposed trade accord. But American negotiators are still pressing participating governments to open the process that sets reimbursement rates for drugs and medical devices. Public health professionals, generic drugmakers and activists opposed to the trade deal, which is still being negotiated, contend that it will empower big pharmaceutical firms to command higher reimbursement rates in the United States and abroad, at the expense of consumers. They also say...
  • Wikileaks uncovers important chapter of the TPP

    06/03/2015 8:14:34 PM PDT · by 2ndDivisionVet · 40 replies
    AnonGalactic ^ | June 4, 2015
    WikiLeaks releases today the “Investment Chapter” from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights (November 2013) and the Environment (January 2014). The TPP Investment Chapter, published today, is dated 20 January 2015. The document is classified and supposed to be kept secret for four years after the entry into force of the TPP agreement or, if no agreement is reached, for four years from the close of the negotiations. Julian Assange, WikiLeaks editor said: “The TPP has developed in secret an unaccountable supranational...
  • Why China has the upper hand in the South China Sea

    06/03/2015 9:21:25 AM PDT · by Theoria · 20 replies
    Reuters ^ | 03 June 2015 | Barry C. Lynn
    Washington’s failure in recent years to keep careful watch over what goods are made where — especially when it comes to such vital items as electronics and drugs — means the United States now depends far more on China than vice versa. Back in the 1990s, advocates of liberalizing U.S. trade with China said economic interdependence would inevitably lead to peaceful coexistence. But one-sided dependencies invite adventurism, as China’s growing belligerence today proves. Washington must now address the fundamental flaws in the international trade system that gave China such a big advantage. The White House claims the proposed Trans-Pacific Partnership...
  • The TPP Is a Grave Threat to Climate Action

    06/02/2015 3:37:03 AM PDT · by 2ndDivisionVet · 33 replies
    This Changes Everything ^ | May 21, 2015 | Naomi Klein
    MoveOn.org sent out the following message and accompanying petition from Naomi to its members on May 21. Make sure to sign the petition here.Dear MoveOn member, This is Naomi Klein, author of The Shock Doctrine and This Changes Everything—and I’m writing because President Obama and the U.S. Congress need to hear from you before they rush toward approving a massive new trade agreement that would benefit corporations and undercut serious efforts to fight climate change. This deal—the Trans-Pacific Partnership or TPP—has been called “NAFTA on steroids.” It’s the latest and largest in a series of international agreements that have attacked...
  • S. Korea, China formally sign free trade agreement

    06/01/2015 5:12:52 PM PDT · by 2ndDivisionVet
    The Korea Herald ^ | June 1, 2015
    South Korea and China officially signed their bilateral free trade agreement Monday, taking a step closer to implementing what officials here call a mutually beneficial and significant trade pact. The agreement was signed by South Korean Trade Minister Yoon Sang-jick and his Chinese counterpart Gao Hucheng in Seoul, about six months after the two countries declared the conclusion of their negotiations that began in May 2012. The bilateral trade pact was initialed in Beijing on Feb. 25. The countries now only need approval from their respective legislatures before implementing the deal, which they plan to do before the end of...
  • A Reaganesque solution to the Ex-Im Bank dilemma

    05/27/2015 8:45:30 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Times ^ | May 26, 2015 | John R. Bolton
    Opposition to the U.S. Export-Import Bank (Ex-Im) is now at the point where the bank’s reauthorization is genuinely in doubt. Spurred by accusations of corporate welfare, crony capitalism and outright corruption, opponents believe the Ex-Im Bank’s palpable violation of free-market principles fully warrants its early demise. The Ex-Im Bank’s critics have their economics entirely correct, but they have their geopolitics wrong. Their solution — simply terminating the bank — is appealing but counterproductive. What America should do, under a president with the wit to do it, is negotiate the global elimination of “export credits” (as these subsidies are generically known)....
  • Here’s how much corporations paid US senators to fast-track the TPP bill

    05/27/2015 11:34:40 AM PDT · by Theoria · 29 replies
    The Guardian ^ | 27 May 2015 | C Robert Gibson and Taylor Channing
    Critics of the controversial Trans-Pacific Partnership are unlikely to be silenced by an analysis of the flood of money it took to push the pact over its latest hurdle A decade in the making, the controversial Trans-Pacific Partnership (TPP) is reaching its climax and as Congress hotly debates the biggest trade deal in a generation, its backers have turned on the cash spigot in the hopes of getting it passed.“We’re very much in the endgame,” US trade representative Michael Froman told reporters over the weekend at a meeting of the 21-member Asia-Pacific Economic Cooperation forum on the resort island of...
  • The 4 percent-plus solution

    05/26/2015 6:04:27 PM PDT · by Tolerance Sucks Rocks · 12 replies
    The Washington Times ^ | May 25, 2015 | Richard W. Rahn
    Of those running for president, who will give this speech? “Ladies and Gentlemen, my administration will implement a series of economic policies to cause the economy to grow at an average rate of 4 percent or more a year. Growth of 4 percent-plus per year will create jobs at a faster rate than the growth in the labor force and provide hope for those who had despaired of finding a good job again. At a growth rate of a little over 4 percent per year, real incomes for all of our citizens will double in only 17 years. (At the...
  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” — Henry Hazlitt, “Economics in One Lesson” One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for America’s moribund economy, the ongoing destruction of the middle...
  • If Jeff Sessions' Anti-Immigration & Free Trade Stances Are the Future of the GOP, It Has No Future.

    05/17/2015 8:06:35 AM PDT · by SeekAndFind · 52 replies
    Reason ^ | 05/16/2015 | Nick Gillespie
    In a recent Washington Post op-ed, Alabama Republican Sen. Jeff Sessions said the United States needs to curb legal immigration along with illegal immigration, and fast. We need a timeout, don't you know, and the only folks who favor letting more foreigners in are monocle-wearing, cigar-smoking elitists: High immigration rates help the financial elite (and the political elite who receive their contributions) by keeping wages down and profits up. For them, what’s not to like? That is why they have tried to enforce silence in the face of public desire for immigration reductions. They have sought to intimidate good and...
  • Charles Krauthhammer: On Free Trade, Republicans Should Stand with Obama

    05/15/2015 7:38:34 AM PDT · by SeekAndFind · 34 replies
    National Review ^ | 05/15/2015 | Charles Krauthhammer
    That free trade is advantageous to both sides is the rarest of political propositions — provable, indeed mathematically. David Ricardo did so in 1817. The Law of Comparative Advantage has held up nicely for 198 years. Nor is this abstract theory. We’ve lived it. The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen. And that regime was created, overseen, guaranteed, and presided over by the United States. That era might be coming to a close, however, as Democratic congressional opposition to free trade continues to grow....
  • Krauthammer: A ‘no’ to free trade is a ‘yes’ to China

    05/15/2015 12:03:20 AM PDT · by 2ndDivisionVet · 64 replies
    The Albuquerque Journal ^ | May 15, 2015 | Dr. Charles Krauthammer
    That free trade is advantageous to both sides is the rarest of political propositions – provable, indeed mathematically. David Ricardo did so in 1817. The Law of Comparative Advantage has held up nicely for 198 years. Nor is this abstract theory. We’ve lived it. The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen. And that regime was created, overseen, guaranteed and presided over by the United States. That era might be coming to a close, however, as Democratic congressional opposition to free trade continues to grow....
  • The Democrats Abandon Free Trade

    05/14/2015 11:16:26 AM PDT · by Kaslin · 37 replies
    Townhall.com ^ | May 14, 2015 | Steve Chapman
    For a long time, there was a bipartisan consensus for free trade. President George H.W. Bush, a Republican, negotiated the North American Free Trade Agreement, and Democrat Bill Clinton got it passed. It prevailed in the Senate in 1993 with the support of 27 Democrats and 34 Republicans. The consensus wasn't unanimous by any means, but it was broad enough to steadily advance the cause. Tuesday's Senate vote against considering a bill to give President Barack Obama "fast-track authority" for trade deals suggests those days are gone. Only one Democrat supported it, with 42 opposed -- led by Elizabeth Warren,...
  • Vanity: What is the politics behind the failure of the Pacific Free Trade Agreement?

    05/13/2015 8:08:13 AM PDT · by Piranha · 66 replies
    Free Republic ^ | May 13, 2015 | Piranha
    What is the political back-story to the Pacific Free Trade Agreement? I was not following this story, and I see that it is tearing Congressional Democrats away from Obama. Specifically: 1. Why is the Pacific Free Trade Agreement such a high priority for Obama's Second Term? 2. Why did so many Democrats oppose Obama on this bill? 3. Why did so many Republicans support Obama on this bill?
  • Elizabeth Warren fires back at Obama: Here’s what they’re really fighting about[TPP]

    05/11/2015 7:12:25 PM PDT · by Theoria · 32 replies
    The Washington Post ^ | 11 May 2015 | Greg Sargent
    THE PLUM LINE: What’s your response to the latest from President Obama?SENATOR WARREN: The president said in his Nike speech that he’s confident that when people read the agreement for themselves, that they’ll see it’s a great deal. But the president won’t actually let people read the agreement for themselves. It’s classified. PLUM LINE: But don’t you get 60 days to review it after the deal is finalized, with the authority to revoke fast track?WARREN: The president has committed only to letting the public see this deal after Congress votes to authorize fast track. At that point it will be...