11:41 AM, Apr 22, 2015 • By DANIEL HALPER
Elizabeth Warren ripped the Obama administration for disagreeing with her on trade. Warren made the comments on Twitter.
"The Obama Admin says I'm wrong - we shouldn't worry about TPP. So why can’t the American people read the deal?" Warren's tweet reads.
Warren expanded on her website:
Have you seen what’s in the new TPP trade deal?
Most likely, you haven’t – and don’t bother trying to Google it. The government doesn’t want you to read this massive new trade agreement. It’s top secret.
Why? Here’s the real answer people have given me: “We can’t make this deal public because if the American people saw what was in it, they would be opposed to it.”
If the American people would be opposed to a trade agreement if they saw it, then that agreement should not become the law of the United States.
Let’s send a loud message to our trade officials: No vote on a fast-track for trade agreements until the American people can see what’s in this TPP deal. Sign this petition right now to make the TPP agreement public.
The Administration says I’m wrong – that there’s nothing to worry about. They say the deal is nearly done, and they are making a lot of promises about how the deal will affect workers, the environment, and human rights. Promises – but people like you can’t see the actual deal.
For more than two years now, giant corporations have had an enormous amount of access to see the parts of the deal that might affect them and to give their views as negotiations progressed. But the doors stayed locked for the regular people whose jobs are on the line.
If most of the trade deal is good for the American economy, but there’s a provision hidden in the fine print that could help multinational corporations ship American jobs overseas or allow for watering down of environmental or labor rules, fast track would mean that Congress couldn’t write an amendment to fix it. It’s all or nothing.
Before we sign on to rush through a deal like that – no amendments, no delays, no ability to block a bad bill – the American people should get to see what’s in it.
Sherrod Brown has been leading this fight, and he points out that TPP isn’t classified military intelligence – it’s a trade agreement among 12 countries that control 40% of the world’s economy. A trade agreement that affects jobs, environmental regulations, and whether workers around the globe are treated humanely. It might even affect the new financial rules we put in place after the 2008 crisis. This trade agreement doesn’t matter to just the biggest corporations – it matters to all of us.
When giant corporations get to see the details and the American people don’t, we all lose. Let’s level the playing field: No vote on fast-tracking trade until the public can read the TPP deal.
We’ve all seen the tricks and traps that corporations hide in the fine print of contracts. We’ve all seen the provisions they slip into legislation to rig the game in their favor. Now just imagine what they have done working behind closed doors with TPP.
We can’t keep the American people in the dark.
It probably won’t happen in our lifetimes.Mar 30, 2015, Vol. 20, No. 28 • By CHARLES WOLF JR.
After China supplanted Japan in 2011 as the world’s second-largest economy, some China scholars, as well as pundits and economists, began forecasting when it would supplant the United States as the largest. Extrapolating China’s remarkable 9-10 percent average annual growth in the prior three decades, these forecasters placed the GDP crossover in 2020. When China experienced a slowdown to 7-8 percent growth in 2012-2014, the crossover was deferred to 2024-2025.
12:01 AM, Feb 14, 2015 • By IRWIN M. STELZER
The right and left are moving towards each other, in a sort of pincers movement designed to destroy the army of free traders pressing Congress to give President Obama what is known as fast-track authority. That would permit him to put any trade deals he negotiates with eleven Pacific Rim countries (the Trans-Pacific Partnership, or TPP) and the EU (the Transatlantic Trade and Investment Partnership, or TTIP) to Congress on a take-it-or-leave-it basis.
9:00 AM, Jan 3, 2015 • By IRWIN M. STELZER
Had enough good economic news to see you through the holidays? Good. But if you plan to ask, “Please, sir, I want some more” you might be in store for your own Oliver Twist moment. Here’s why:
In a recent op-ed, Rand Paul argues for President Obama's foreign policy.12:50 PM, Dec 20, 2014 • By STEPHEN F. HAYES
Senator Rand Paul has an op-ed in Time magazine making the case for normalizing diplomatic relations with Cuba as Barack Obama has proposed. It’s a reasonable objective for U.S.
12:00 AM, Jun 7, 2014 • By IRWIN M. STELZER
It is mandatory for economists to point out that one data point does not make a trend. We then all-too-often fill space with, er, a discussion of one data point, most usually the monthly report on job creation. Not being one to defy convention, I will report that Friday’s jobs report was a yawner. The 217,000 new jobs created in May finally pushed total jobs above pre-recession levels, but the unemployment and labor force participation rates remained unchanged at 6.3 percent and 62.8 percent, respectively. No post-winter jobs growth spurt, at least not yet, but no reversal of recent growth either.
12:00 AM, Dec 14, 2013 • By IRWIN M. STELZER
Free traders are ecstatic. Negotiators at the 9th World Trade Organization ministerial conference in Bali cheered, hugged, and wept at what they see as the successful culmination of their recent round of talks. “A giant step for businesses large and small,” enthused the CEO of UPS.
5:23 PM, Nov 20, 2013 • By MARK HEMINGWAY
As Congress moves ahead with the farm bill -- legislation that has historically been full of (figurative) pork -- there's one really obvious measure that needs to be eliminated. A new program that will require that catfish be monitored by the Department of Agriculture. Catfish, like all fish consumed by Americans, is already monitored by the Food and Drug Administration. Supposedly, this extra layer of regulation is a matter of food safety.
Hosted by Michael Graham.5:40 PM, Nov 8, 2013 • By TWS PODCAST
The WEEKLY STANDARD podcast with senior editor Lee Smith on President Obama's puzzling new Iran strategy.
12:00 AM, Jul 13, 2013 • By IRWIN M. STELZER
Here’s a TTIP for you. No, that’s not a typo missed by our ever-vigilant editors. It stands for Transatlantic Trade and Investment Partnership, what British prime minister David Cameron calls a “once-in-a-generation prize” that can create two million jobs on both sides of the Atlantic, and Sir Peter Westmacott, Britain’s ambassador here in Washington, reportedly describes as the “Holy Grail” for resuscitating transatlantic economies.
12:00 AM, May 18, 2013 • By IRWIN M. STELZER
"Trade makes the cake bigger so everyone can benefit.” So advised our distinguished visitor, British prime minister David Cameron, on the op-ed pages of the Wall Street Journal.
12:00 AM, Sep 29, 2012 • By IRWIN M. STELZER
Free trade might not be the first casualty of an American election campaign, but it is right up there in the top rank. President Obama is bashing Mitt Romney for sending jobs to China when he ran Bain Capital, and Romney is returning the favor by accusing Obama of failing to label China a currency manipulator, and “being China’s doormat at the expense of America’s workers.”
4:23 PM, Aug 9, 2012 • By DANIEL HALPER
As the New York Times reports, "The Federal Trade Commission on Thursday fined Google $22.5 million to settle charges that it bypassed privacy settings in Apple’s Safari browser to show advertisements, and violated an earlier privacy settlement with the agency."