The Bureau of Economic Analysis reported today that the gross domestic product (GDP) fell at an annual rate of 0.7 percent in the first quarter of 2015. Our enormous, humongous trade deficit is literally draining our economy.
Remember the study that showed that Congress doesn’t take what the public wants into account at all when passing legislation? That’s what happened last week when the Senate passed Fast Track.
The Trans-Pacific Partnership is a corporate/investor rights agreement, not a "trade" agreement. "Trade" is a good thing; TPP is not. Using the word "trade" in association with TPP is helping the other side.
America's deeply flawed trade policy is based on the philosophy that workers and the retired should be forced to suffer to facilitate the rich getting richer.
Big money speaks loudly in the money primary. But populists are driving the ideas primary, particularly among Democrats. And the president is discovering the effects in the debate over fast track and trade deals.
The Senate is considering the rigged fast track trade process that would be used to push through the Trans-Pacific Partnership. Please make one more call to your senators and say you want them to vote against it.
Sometimes a vote is a clear either/or, where you are either voting with Wall Street and the giant, multinational corporations or you are voting with 99 percent of Americans who actually (try to) work for a living.
Call your senators today and tell them to support critical amendments and against fast track trade authority. Congress should not preapprove massive trade agreements that the public is not allowed to see.
To cover the cost of a program that would help workers who lose their jobs as a result of the Trans-Pacific Partnership, Republicans propose a $700 million cut in Medicare.
The president stakes his reputation on a trade deal that may increasingly be seen as a joint Obama/GOP initiative. If successful, his legacy could suffer a mortal blow and his party pay a terrible price.
President Obama says progressives who warn that trade laws could let corporations overrule U.S. law are "making this stuff up." Two such attacks on U.S. laws and regulations are underway right now.
As promised, here is the list of Democratic Senators who joined Republicans to break the blockade of fast track trade promotion authority, preapproving the Trans-Pacific Partnership before the public can see it.
It is still possible to kill Fast Track in the House if we can get enough Democrats to hold steady against it. Stay at it, let friends and family know about these trade bills, and keep the pressure on your own member of Congress.
What happened in the Senate shows why the corporations are fighting so hard to get the Trans-Pacific Partnership. A legislative body jumped in and interfered with corporate plans. The nerve of those people!
Democrats in the U.S. Senate were able to successfully block the trade promotion authority "fast track" bill using a filibuster today. This is a very big setback for the pro-TPP forces, but is not a final defeat.
America is in an abusive relationship with trade-obsessed politicians and corporations. Trade has killed U.S. factories, jobs and communities. No more fast-tracking abusive trade deals.
On Friday, President Obama chose Nike headquarters in Oregon to deliver a defense of the Trans-Pacific Partnership. It was an odd choice of venue. Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
Nike manufactures in Vietnam, and profits from Vietnamese workers being paid little and having few rights. If what the President says is true, then why would Nike be for it?
Sen. Bernie Sanders stands alone in his single-minded focus on the economy. His blunt talk on jobs, rising inequality, and the erosion of the middle class will force many White House hopefuls to address topics they would rather avoid.
In Nike, a company that grew by outsourcing jobs to overseas sweatshops, President Obama may well have found the perfect place to promote yet another job-destroying, billionaire-enriching trade deal.
Economist Jared Bernstein disagrees with the administration's decision to not address currency manipulation in the Trans-Pacific Partnership agreement being negotiated with 11 other trading partners.
A few recent stories make President Obama look like a candidate about to jump into the Republican presidential primaries, using trade as his issue.
The March trade numbers show that our economy can create a lot of jobs. But thanks to our trade policies, we created them somewhere else. It's time to change our trade policies so they work for We the People.
Fast track is expected to come to the floor of the Senate soon for debate and then a vote – possibly even this week. Democratic Presidential candidate Hillary Clinton so far remains silent on the issue.
With the economic benefits of the trade deal admittedly limited, its supporters have increasingly peddled it as an answer to the threat that China will write the rules of the Asian markets. Don't believe the hype.
There is a direct relationship between our enormous, humongous and ongoing trade deficit and the lack of jobs, blight and desperation that is so visible in cities like Baltimore.
With fast track, We the People of the United States of America don't get to know what's in TPP until some time after Congress pre-approves it.
Republicans in Congress can read polls and letters from their constituents as well as Democrats. They are starting to realize that it might not be wise to rubber-stamp a fast track for the Trans-Pacific Partnership.
Corporations get a special channel for submitting claims and getting enforcement of the words that appear in the Trans-Pacific Partnership. Labor, environmentalists and other "stakeholders" don't get that.
The list is part of a letter the organization sent to Congress urging members to oppose the fast-track bill sponsored by Rep. Paul Ryan (R-Wis.) and Sens. Orrin Hatch (R-Utah) and Ron Wyden (D-Ore.).
Obama unleashed the furies in the debate over the Trans-Pacific Partnership by calling out Sen. Elizabeth Warren by name and scorning his opposition. That puts more pressure on Hillary to take a stand.
President Obama said that people who have concerns about Fast Track and TPP “don’t know what they’re talking about,” and compared them to conservatives like Sarah Palin talking about "death panels."
Sander Levin's "right track" bill was a path to doing at least some good for labor and others through passage of authorizing legislation for the Trans-Pacific Partnership. But it was quickly shut down.
There was a big rally in Washington on Monday to denounce the Trade Promotion Authority and the Trans-Pacific Partnership (TPP) trade deal that "fast track" will push through Congress.
"Past trade deals haven't always lived up to the hype." So Congress and the public need as much time as it takes to evaluate TPP, and must be allowed to fix problems that might turn up in that time.
Fast track effectively pre-approves secretive trade agreements like the Trans-Pacific Partnership (TPP) before the Congress and the public have a chance read, analyze and thoroughly consider their ramifications.
Ohio gets it about "NAFTA-style" trade deals. Fast Track and the Trans-Pacific Partnership (TPP) are coming for the rest of Ohio's jobs and Ohio is fighting back. Will Hillary Clinton join the fight?
Any day now the fast track bill will be introduced in the Senate. Fast track is, in essence, congressional preapproval of the Trans-Pacific Partnership trade agreement.
Very soon Congress is expected to begin consideration of a Trade Promotion Authority (“fast track”) bill. There will be a “Week of Action Against Fast Tracking Trade Deals” that will kick off Wednesday, April 15.
The Trans-Pacific Partnership and the rigged “fast track” process are a new "third rail" to "the base." Progressive leaders are working to warn Hillary Clinton off from grabbing that new third rail.