Obama made it clear today there will be no escape from the Trans-Pacific Partnership. If Hillary makes it into the White House in January she will push this corporatist scheme on the American people and the result will redouble the damage of NAFTA. Clinton now says she opposes TPP, but you can’t believe a word that comes out of her mouth. She is an experienced liar widely mistrusted by the American public. She enthusiastically supported NAFTA, pushed through Congress by her husband.
— Brandi Hoffine (@Hoffine44) August 2, 2016
Obama went to Singapore to sell TPP as a NAFTA corrective. “Free trade deals have been blamed for U.S. manufacturing plant closures, job losses and stagnant wages. Obama has cast the TPP as righting the wrongs of past trade deals like the North American Free Trade Agreement with Mexico and Canada,” Reuters reports.
When Obama rolls out the red carpet for Singapore Prime Minister Lee Hsien Loong on Tuesday, one of the main goals will be “lifting up the benefits” of the TPP, said Daniel Kritenbrink, top Asia policy adviser at the White House National Security Council.
“I predict he will also once again say to the prime minister that he’s committed to getting TPP done and doing so before the end of his term,” Kritenbrink told reporters on Friday.
“TPP is going to be great for the American economy, for American workers and American companies,” Kritenbrink said, noting Singapore, a signatory to the deal, strongly supports it.
In fact, we know the exact opposite. Past globalist trade deals “have resulted in lost jobs, stagnant wages, increasing inequality and other negative consequences for workers,” notes John Logan. “On the 20th anniversary of the 1994 North American Free Trade Agreement (NAFTA), the Economic Policy Institute (EPI) estimated that almost 700,000 US jobs had been lost as a direct result of the agreement. (In 1993, President Clinton claimed that NAFTA would create a million jobs in its first five years of operation.)”
TPP is designed to further tweak corporatist control of economies and populations. Like NAFTA, change will come out of the hide of the American worker.
Congress must pass TPP and there is currently significant opposition. It was not, however, a good sign when Fast Track trade authority squeaked through. Congress will face staunch opposition from many constituents. It should be remembered where congressional allegiance falls—in the back pocket of the corporatists and bankers, the lobbyists who spend millions every year to make sure corporate cronyism continues to turn American into a third world backwater.