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The Trans-Pacific Partnership dwarfs the North American Free Trade Agreement both geographically and economically and could result in serious job and wage loss.
How do you expect consumers from developing nations, making $1-$3 an hour, to purchase American made products when Americans are making $20+ an hour?
They can't.
However, Indians can purchase a Ford made in an Indian production facility.
It's either this or eventually your competitors will buy 51% of the stock in American corporations, shut down all the American production facilities and fire all of its workers.
It has nothing to do with Obama.
Obama cannot control the economy. He is not a wizard; however, he has raised your debt considerably and is instituting domestic policies that will further raise your debt, and make your economic downfall worse than it already will be.
Your problem is a labor surplus and the inability to compete globally.
The Trans-Pacific Partnership dwarfs the North American Free Trade Agreement both geographically and economically and could result in serious job and wage loss.
Its a world economy and restricting trade means that country losses as well as its consumers. Competition is good both nationally and worldwide for consumers. This isn't post WWII America that had pretty much a lock on some goods and the price world paid.
Coiuntry & Status
Brunei Original Signatory (oil rich)
Chile Original Signatory
New Zealand Original Signatory
Singapore Original Signatory
United States Negotiating - since January 2008 - under BUsh
Australia Negotiating
Peru Negotiating
Vietnam Negotiating
Malaysia Negotiating
Mexico Negotiating
Canada Negotiating
Japan Negotiating
Look what they list as a "concern":
Despite the growing interconnections between economies around the world, regulatory regimes continue to be largely developed by and focused on individual countries. As countries’ regulatory regimes grow in this largely isolated fashion, products and services that crossborders face a growing array of regulations in multiple countries that can range from being opaque to duplicative to conflicting.
One of their objectives: Go considerably further and farther than previous trade negotiations to ensure that regulatory coherence is a strategic and political imperative within the TPP agreement and wherever possible binding commitments are sought and made
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