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Don't at like Big Money Corporate Democrats are not in the same camp as Republicans. If your argument is Elizabeth Warren, fine. Barack Obama is not a liberal; he is a neoliberal corporate Democrat (along with Clinton).
Make you a deal, I wont vote for Obama, or my local rep Wyden if you wont vote for anyone on your team that votes to fast track or pass TPP.
Maybe you should actually check your local reps opinion, this is being protested by mainly Democrats....most of the Republicans are on board....and working with Obama on it.
This has been on agenda long before Obama. Now days the senate and house are powerful in doing their own thing on subjects like this. Likely the final agreement will come long after Obama is gone anyway. Not much different than swing to east after cold war and much like the pact made by EU. Not a currency union just agreements on trade. Been happening for decades in the world.
I agree. The secrecy and the way that the administration/GOP leaders are pushing this thing is very suspect to me. If a plan is truly good, let's debate it out in the open.
The founders went to a lot of trouble to keep the masses from being involved in any significant way in the new government. Seems to me that they might have been onto something there.
its amazing to see statists argue in favor of lack of transparency in government. our elected criminals are certainly no better than us. 99% of everything that is currently "classified" should be public knowledge.
True.
But diplomatic negotiations are one of those things that are in the 1%. Once a proposed final version is hashed out, then it should become public knowledge.
This is essentially NAFTA for the Pacific. Obama is trying to fast track this without public support.
You're Right ... and Wrong.
Obama did help ram-rod the REPUBLICAN Bill through. (Remember who is the Majority of so-called, "Law Makers" right now?)
It looks like a done deal. Game over.
The U.S. hasn't been a Democracy for a very long time. We're not even a Republic. We live in an Oligarchy that with each additional Billionaire, becomes more aristocratic and Oligarchial.
It's a done deal serfs.
This Trans-Pacific International Trade Agreement gave what was left away to the international cartel of the super rich. It's disgusting. They play us like the puppets we are. Distract us with idiotic stuff ... "Obama is going to invade Texas !" ... and the size of Kim's butt, and racism and distractions like homophobia or some new war threat ... when all along the main agenda is your money.
And people go along with it.
Well, I hope people are finally happy being divide over one thing or another because the corporations own you now. They were already more powerful than the U.S. government ... now the weak serfs have to pay them (through wage-slave taxation) for everything ... real and imagined ... and all most nim-wits can think about is that "Obama is Colored!! "
Idiots keep letting the super rich screw them in exchange for the allure of confirming their narrow-minded lunacy. Now this bill appears to be the last nail in the coffin. The lineage of the Norman Conquest lives and laughs. Citizens = serfs and indentured servants now... and you will pay them even more now for the costs of your chains.
But diplomatic negotiations are one of those things that are in the 1%. Once a proposed final version is hashed out, then it should become public knowledge.
then they shouldnt be asking for any special privileges until we know the details.
i believe the accusation has been that china is keeping their currently cheap to give them a competitive advantage. im not exactly sure how they accomplish that but thats the typical complaint, not that america is keeping its currency overvalued.
We can't devalue our currency as it is because we are a consumption driven society. If we compete with China in a currency battle, nobody wins but we lose more. China is a socialist country, they can subsidize necessities for the people and influence prices. If we were to devalue our currency and suddenly oil and commodity prices shot up by 200-300%, any politician in power will be yanked out right way.
We can't compete with a socialist/communist country directly via currency. They're doing big businesses a favor by making buying their goods cheaper and sell it here at a premium but at the expense of smaller businesses that are at a cost disadvantage.
The Fed's mission is to pursue maximum employment, stable prices, and moderate long-term interest rates. Where exactly does keeping the US$ "perpetually overvalued to force a trade deficit, so the US can be a big "sink" for foreign production" fit in? How did all that QE stuff come into play?
QE was awesome for bailing out the banks and inflating the stock market. That's it.
The Fed controls treasury sales. If we run a trade deficit with a country, then they have to buy US treasuries. Specifically, interest rates were too high up until the **** hit the fan in 2008.
It wasn't only the Fed though, the federal government was all-in with this "project". Perpetual stimulus via tax cuts, deficit spending, and loose credit all boosted the US$ value and the trade deficit.
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So far, it seems that we have only gotten richer by doing whatever it is that we have been doing.
I guess it depends on who you define as "we". The "owners" of the US have done great. Pretty much no one else though.
From 1864 to 1934 real income increased by 3x. About 1.6%/yr.
From 1934 to 1974 real income increased by 3.5x. About 3.2%/yr.
From 1974 to 2014 real income increased not at all. About 0.0%/yr.
Per capita GDP has grown at the good clip since 1974. Right on our long term trend of 1.9%/yr.
So where did the wealth go? Most of it to some select group of mega-rich.
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.. and you helped them
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