Hillary Clinton says she comes from “the Clinton school of economics." It's her way of identifying with her husband, Bill Clinton, and suggesting that if elected president she would duplicate the economic success of his presidency.
Given what she's proposed in her campaign for the White House, the chances of this happening are practically nonexistent. Her policies are closer to those of socialist senator Bernie Sanders, her rival for the Democratic presidential nomination, than to Bill Clinton's.
She is against nearly everything her husband either signed into law or benefited from in the 1990s. He raised income tax rates in his first year in office, the top rate increasing from 31 percent to 39.6 percent.Read more
The Office of the United States Trade Representative has finally released the full text of the Trans-Pacific Partnership.
The 30 chapter document, plus preamble and annexes and side instruments, is available here.
But instead of delivering the text of the trade agreement in one easy to read document, each element has been uploaded separately. The entire TPP agreement has been separated into over one hundred different pdf documents.Read more
There are times when economics is secondary to other policy considerations—not irrelevant, but secondary. Last week, when 12 nations on the Pacific Rim finally agreed to the Trans-Pacific Partnership after years of negotiations, was one such time. This gives President Obama a much-needed victory—if he can persuade enough of his Democratic colleagues to join a majority of Republicans in approving the deal when Congress gets to have its say in up or down votes early next year.Read more
The White House is hitting back at Hillary Clinton a week after the Democratic presidential candidate claimed to have looked at the Trans-Pacific Parternship. The trade deal, the White House says, has not been released to the public. Clinton, for her part, claimed last week to have looked at the details and decided that she couldn't support the deal.
White House spokesman Josh Earnest addressed it at today's press briefing:Read more
Hillary Clinton is now re-opening the door to support President Obama's trade deal. The same deal she helped negotiate but came out against last week.
"I'm against it now," Clinton said, reiterating her new position. "But we'll see whether there is any kind of significant changes."Read more
CNN's Anderson Cooper chose Hillary Clinton as the first target of tonight's first Democratic debate.Read more
President Obama's former top political adviser, David Axelrod, took some shots at Hillary Clinton in a Slate interview from over the weekend. Clinton, Axelrod said, is on "double secret, super probation" after flip-flopping and declining to support Obama's trade bill that she previously championed.Read more
Strange as it may seem, Barack Obama has much in common with the storied matchmaker of Jewish legend. This Polish entrepreneur announced to the poverty-stricken rabbi of a poverty-stricken Polish town that she had found a match for his even more poverty stricken, unattractive son – no less than the queen of England. The Rabbi refused to consent to the match on the grounds that the queen was not Jewish.Read more
A top Hillary Clinton aide from the State Department talked up the former secretary of state's support for the trade deal just yesterday in an interview with National Public Radio. The aide, who has been defending Clinton's policies publicly, is Anne-Marie Slaughter, the former director of policy planning at the State Department.Read more
President Obama said today that the Trans-Pacific Partnership trade deal would cover "40 percent of the global economy." Obama also revealed that eventually the agreement will be made available to the public.Read more
If Donald Trump becomes president of the United States, Carl Icahn may be his ambassador or chief negotiator to China. Trump made the revelation in an interview this morning on MSNBC:
"We have to negotiate great trade deals. I would get the best guys," said Trump. "Carl Icahn is a friend of mine. I'd say, 'Carl, congratulations, handle China.' I'd get other guys like Carl. I'd say, 'Good luck, here's Japan.' Believe me, we will do so well."Read more
So we once again have a functioning senate, no longer a prisoner of Harry Reid’s theory of government – if you do not like a bit of legislation, you can keep it – keep it from the floor, keep it from debate, keep it from a vote. That proved to be a ticket to the minority, as disgusted voters decided in favor of a change they can believe in.Read more
The top Republican in the Senate is applauding President Obama after the passage of the trade bill.
“A new Congress that’s back to work for the middle class just notched another win for everyone who cares about strengthening American paychecks, American jobs, and the American economy. Achieving this positive outcome was never going to be easy, but it proves that the power of a good idea, no matter where it comes from, can win out over the stasis of gridlock," Senate majority leader Mitch McConnell says in a statement.Read more
Senator Jeff Sessions will release this statement in response to Senate's vote to advance the fast-track trade bill:
“Americans increasingly believe that their country isn’t serving its own citizens. They need look no further than a bipartisan vote of Congress that will transfer congressional power to the Executive Branch and, in turn, to a transnational Pacific Union and the global interests who will help write its rules.Read more
Senator Jeff Sessions is worried that the adoption of the Trans-Pacific Partnership would lead to an "historic international regulatory Commission" that would eoncmpass 90 percent of the world's GDP. He's concerned that it would "[create] a self-governing and self-perpetuating Commission with extraordinary implications for American workers and American sovereignty."Read more
President Barack Obama met with Senate and House Democrats to push trade, the White House announced this evening.
"The President met separately with a group of Senate Democrats and House Democrats who supported trade legislation at the White House," the White House says of the meeting.Read more
Hillary Clinton has taken a very nuanced position on the trade debate. But none would call it outright support of the president. Which, even if you don’t understand exactly where she is today, is not where she was in the recent past. Forty-five times.
As Jake Tapper of CNN reports:Read more
The campaign of Democratic presidential candidate Martin O'Malley is whacking Hillary Clinton today for not taking a firm stand on critical issues in her speech today in New York City.
" Today, Hillary Clinton spoke about her vision for America's future. But here's what she didn't say: she didn't say that she would take any substantive actions to hold Wall Street CEO's accountable for reckless behavior. Nor did she weigh in on the secretive TPP deal that could depress American wages and cost American jobs," team O'Malley writes in an email to supporters.Read more
Speaker of the House John Boehner took the floor to make the case that Congress should pass Trade Promotion Authority:Read more
Democratic presidential candidate Martin O'Malley is rallying the opposition against President Obama's proposed "fast track" trade law. O'Malley, unlike his rival Hillary Clinton, has voiced strong opposition to the plan.
"Today, the U.S. House of Representatives will vote on Fast Track for the Trans-Pacific Partnership (TPP)," O'Malley writes in an email this morning to supporters.Read more
Republican presidential candidate Ted Cruz told radio host Hugh Hewitt that he supports fast tracking trade, but isn't sure about how he'll vote on the current bill in Congress. Listen here:
"TPA is Trade Promotion Authority, it’s also known as fast track," Cruz said.Read more
House majority leader Kevin McCarthy laid out the Republicans' game plan for trade votes this week. In short, the memo sent out late last night details the rule votes will be held today, Thursday, and final vote is slated for Friday.
Speaker of the House John Boehner is praising the Senate's passage of the trade bill and calling on Democrats to join with Republicans to pass the law in the House.
“Trade helps create good-paying American jobs, so it’s good news that the Senate has put us one step closer to eliminating trade barriers. These reforms have the support of farmers, manufacturers, small business owners, and Americans from all walks of life, and it’s not hard to figure out why," Boehner says in a statement.Read more
President Obama wants Congress to send the trade bill to his desk. Right away.
"I have made rigorous trade enforcement a central pillar of U.S. trade policy, and we have moved aggressively to protect American workers and to improve labor laws and working conditions with trading partners across the globe," Obama says in a statement to the press.Read more
Senate majority leader Mitch McConnell told ABC's George Stephanopoulos that President Obama "has done an excellent job" on the trade bill. "We'll pass it later this week," McConnell assured Stephanopoulos .
Watch here:Read more
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