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Keyword: freetrade

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  • 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
    GraceG
    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_...
  • TPA, TAA, TPP, TED CRUZ, JEFF SESSIONS AND YOU

    06/14/2015 6:35:25 PM PDT · by 2ndDivisionVet · 217 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...
  • The 7 Steps the Next President Should Take to Boost Our Economy

    05/11/2015 11:38:23 AM PDT · by iowamark · 24 replies
    The Daily Signal ^ | May 09, 2015 | James Carafano
    Foreign policy should work to advance a constructive agenda—something that’s been largely lacking in the Obama era. Hopefully, the next president will come up with appropriate actions to fill that void. As a cornerstone of that effort, I would suggest a commitment to promoting free trade and more liberal markets worldwide. I’ve written before that the next president will need a “kick starter” agenda—one that demonstrates that the United States is back in the business of protecting its own interests. But Washington will need to go beyond that. The static defense of interests is a sterile and ultimately, unsatisfactory role...
  • Congress giving Obama 'blank check' for gun control

    05/10/2015 6:46:46 AM PDT · by rktman · 40 replies
    wnd.com ^ | 5/9/2015 | Larry Pratt
    Congress is being urged to approve the Trans-Pacific Partnership trade plan even though most have not read it, and a leading gun-rights activist says the plan could give President Obama the power to limit the importation of ammunition and implement his political agenda in many different ways. “Fast track authority in the context of this treaty means a blank check,” said Gun Owners of America Executive Director Larry Pratt. “By a majority vote, the Congress is preparing to give the president authorization to negotiate a treaty. When he brings it back, it would take two thirds of the Senate to...
  • Obama Accuses Democrats of Distorting Facts on Trans-Pacific Trade Pact

    05/08/2015 1:23:15 PM PDT · by Theoria · 17 replies
    The New York Times ^ | 08 May 2015 | Peter Baker
    President Obama on Friday lashed out at critics within his own party as he accused fellow Democrats of deliberately distorting the potential impact of the sweeping new trade agreement he is negotiating with Asia and standing in the way of a modern competitive economy. With the same tone of disdain he usually reserves for his Republican adversaries, Mr. Obama said liberals who are fighting the new trade accord, the Trans-Pacific Partnership, were “just wrong” and, in terms of some of their claims, “making this stuff up.” If they oppose the deal, he said, they “must be satisfied with the status...
  • Boehner: Killing Export-Import Bank risks thousands of jobs

    04/30/2015 11:38:13 AM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Apr 30, 2015 2:15 PM EDT | Andrew Taylor
    Thousands of jobs would “disappear pretty quickly” if the Export-Import Bank were to expire abruptly when its charter runs out at the end of June, House Speaker John Boehner said on Thursday. The Ohio Republican has asked Financial Services Chairman Jeb Hensarling, R-Texas, to come up with a plan to overhaul or wind down the operations of the bank, which helps finance exports of U.S. products such as jetliners and wind turbines. […] Many conservative Republicans want to kill the bank outright, saying it finances too many questionable projects and favors some businesses over others. But the bank enjoys sweeping...
  • Boehner tells Clinton don’t let Obama 'swing in the wind' over Asia-Pacific trade deal

    05/04/2015 4:57:24 AM PDT · by cotton1706 · 19 replies
    foxnews.com ^ | 5/3/15
    House Speaker John Boehner said Sunday that Hillary Clinton, the 2016 Democratic presidential frontrunner, needs to support the trade legislation that President Obama wants to help get enough Democratic votes for passage. The Ohio Republican, in a wide-ranging interview with NBC’s “Meet the Press,” said the GOP indeed controls the House and Senate but that he and Obama “needs her help” to give the president negotiating authority to complete an Asia-Pacific trade deal. “We can't do this by ourselves,” Boehner said. “Every president over the last 50 years has had this (authority.) There is no reason why President Obama shouldn't...
  • A lose-lose choice for Hillary Clinton

    05/04/2015 2:30:40 AM PDT · by Din Maker · 8 replies
    The big threat to Hillary Clinton’s campaign isn’t coming from a competitor. It’s coming from an issue. And it’s coming now, long before the first primary. Will she be for or against giving President Barack Obama fast-track authority to negotiate trade deals? Fast track gives a president the power to make trade deals that cannot be amended by Congress. All Congress can do is accept or reject the agreement. Other countries, say fast-track supporters, won’t negotiate with Washington if they know that Congress can amend any deal they agree to. Obama’s problem is with Democrats. They are horrified by the...
  • Extreme secrecy eroding support for Obama's trade pact (Classified briefings in basement)

    05/04/2015 5:02:27 AM PDT · by cotton1706 · 15 replies
    politico.com ^ | 5/4/15 | Edward-Isaac Dovere
    If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door. If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving. And no matter what, you...
  • False Fears About Free Trade

    05/03/2015 7:14:13 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | May 3, 2015 | Steve Chapman
    Political debates often pit fear against hope, and when it comes to international trade agreements, many Democrats prefer to scare. It's a durable strategy that they can't relinquish -- even though it usually fails. If you're going to make a horror movie, you need a villain who can make your blood run cold. Despite endless efforts to pump this one up, the audience mostly yawns. Americans have gotten too used to the obvious benefits of trade to be terrified by German cars, Canadian oil or Chinese toys. The Obama administration is currently negotiating with 11 other nations on a Trans-Pacific...
  • Senate Committee Approves ‘Fast Track’ Trade Bill Needed for Pacific Agreement

    04/23/2015 11:42:19 AM PDT · by Kevin C · 10 replies
    The Wall Street journal ^ | 4/22/2014 | WILLIAM MAULDIN
    Major trade legislation favored by President Barack Obama and Republican leaders passed a Senate hurdle on Wednesday, despite opposition from some Democrats. The “fast track” bill, which would pave the way for a sweeping trade agreement among 12 Pacific countries, cleared the Senate Finance Committee by a vote of 20 to 6. It passed along with a measure backed by Sen. Chuck Schumer (D., N.Y.) that would seek to punish foreign companies that benefit from alleged currency manipulation overseas. Another key currency provision was defeated. The fast track bill’s progress in the Senate came on a day when Mr. Obama...
  • Obama-GOP "Trade" Scheme Includes "Unrestricted Immigration"

    04/22/2015 5:09:14 AM PDT · by VitacoreVision · 8 replies
    The New American ^ | 22 April 2015 | Alex Newman
    The establishment GOP-backed Trans-Pacific Partnership (TPP), recently touted by the White House as the “most progressive trade agreement in history,” is also a “Trojan horse” to advance Obama’s “unrestricted immigration” agenda, according to political insiders and critics who have studied the secretive scheming. With the Big Government wing of the Republican Party currently plotting to empower the Obama administration with fast-track Trade Promotion Authority to make it easier to impose the TPP and other radical agreements on the American people, opponents are warning that the White House immigration agenda may become all but impossible to stop. Critics say Congress must...
  • Dear Farmers: U.S. is Now Importing Organic Corn to Satisfy Consumer Demand

    04/18/2015 5:14:36 AM PDT · by HomerBohn · 44 replies
    Daily Sheeple ^ | 4/17/2015 | Heather Callaghan
    There are three things driving a surge in organic imports: 1.U.S. farmers have been systematically pushed into growing mostly GMO crops; grown primarily for fuel, animal feed and cheap processed foods. Russia even used our food supply as an example for the EU to dump us and join them instead. 2.U.S. consumers are not only demanding fresh, organic produce as well as non-GMO convenience foods – but also want meat, dairy and eggs from animals that were fed non-GMO or organic feed. 3.Other countries primarily grow non-GE crops, and plenty of organic. They’ve got the goods and they reap the...
  • Democrats’ civil war over free trade

    04/17/2015 10:41:30 AM PDT · by Theoria · 22 replies
    Politico ^ | 16 April 2015 | Adam Behsudi
    The open in-fighting ramped up after a breakthrough on the historic bill was announced. The most important trade bill in a decade has pitted Harry Reid against President Barack Obama. Liberal Democrat Rosa DeLauro against moderate Democrat Ron Kind. Labor unions against pro-business Democrats. And Elizabeth Warren against virtually everyone who supports a landmark piece of legislation that would allow the president to close what could be the biggest free-trade deal in history. The open warring among Democrats over fast-track trade legislation, and the party’s broader existential crisis on free trade, grew more pronounced Thursday as senior lawmakers announced a...
  • Help Developing Nations with Trade, not Foreign Aid

    04/12/2015 7:45:20 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | April 12, 2015 | Daniel J. Mitchell
    Free trade is a good moral concept for the simple reason that politicians and bureaucrats should not be allowed to interfere with voluntary transactions between consenting adults. It’s also a good economic concept for the simple reason that protectionists can’t provide good answers to simple questions. And free trade is a good geopolitical concept because it is far better than foreign aid as a mechanism for generating prosperity in less-developed nations. Writing for the Economic Times of India, Bjorn Lomborg of the Copenhagen Consensus Center writes about the benefits of open markets among nations. With one simple policy—more free trade—we...
  • The Soaring dollar puts the world on sale for Americans

    04/10/2015 4:38:14 AM PDT · by SeekAndFind · 12 replies
    Los Angeles Times ^ | 04/10/2015 | Tom Petruno
    Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S. currency's value has surged over the last nine months, reaching levels against some world currencies last seen more than a decade ago. In Europe, it now costs just $1.09 to buy one euro, down from $1.37 a year ago and almost $1.50 four years ago. To put it another way, an American tourist strolling the streets of Paris this...
  • Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.

    03/28/2015 3:14:42 PM PDT · by Theoria · 2 replies
    The New York Times ^ | 25 March 2015 | Jonathan Weisman
    An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment “expectations” and hurt their business, according to a classified document. The Trans-Pacific Partnership — a cornerstone of Mr. Obama’s remaining economic agenda — would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank...
  • As free trade pacts expand, U.S. trade deficit soars. Why add one more?

    02/23/2015 9:57:23 AM PST · by Theoria · 18 replies
    Reuters ^ | 17 Feb 2015 | Leo Hindery Jr.
    President Barack Obama has called on Congress to grant him fast-track trade authority for his Trans-Pacific Partnership free-trade agreement. The administration insists the authority, which would give Congress only an up-or-down vote on the agreement, is needed to get the best possible terms from its trade partners along the Pacific Rim. During his 2008 presidential campaign, Obama promised to renegotiate and improve the North American Free Trade Agreement (NAFTA). But it now looks like what he really meant is to expand on that flawed trade model and extend it to other countries. Twenty-one years after NAFTA and four years after...
  • GOP Leaders Plot Pseudo-Free-Trade Schemes With Obama

    02/10/2015 1:32:25 PM PST · by logi_cal869 · 5 replies
    New American ^ | 12/30/2014 | Alex Newman
    With much of Obama’s Democrat political base seeking to block misnamed “free-trade” agreements at the moment, the White House is plotting with congressional Republicans and Big Business interests to advance the controversial national sovereignty-crushing agenda disguised as a “trade” deal. According to media reports, establishment Republicans are scheming to pass “fast-track authority” for Obama’s secretly negotiated schemes as soon as the newly empowered GOP takes control of the Senate and further boosts its majority in the House. However, despite strong support from the globalist crony-capitalist wing of the GOP, the administration is expected to face serious difficulties ramming through the...