China lowered the value of its currency on three consecutive days last week, for a total of 4.4 percent, the largest decline in two decades, raising the question of when the United States is going to stop ignoring currency manipulation.
Legislators are busy people and must travel. Requiring them to be present while staffers who are versed in trade legalese examine the text of TPP is a way of keeping legislators and their staff from knowing what is in the agreement.
China is lowering the value of its currency to boost its economic growth by supporting its exporters. China does what China does, for China. The U.S. should do what the U.S. needs to do, for the U.S.
Our "strong dollar" policy is part of the problem. A high value to the U.S. dollar means that goods made here cost more than goods made in countries with "weak" currencies, so they get the orders.
On Wednesday the Senate Finance Committee will hold an executive session to consider Marisa Lago to be deputy U.S. trade representative – another revolving-door Wall Street nominee to a key position.
"More trade is always good." Is that really right? Do our current international trade policies as applied under our current economic order a good thing or a bad thing for We the People of the United States?
"NAFTA-style" "trade" agreements like TPP contain "investor-protection" provisions that allow corporations to sue governments for passing laws and making regulations that might limit their expected profits.
Conservatives are using this Export-Import Bank issue to look like populist champions fighting against "corporate welfare" on behalf of the taxpayer. Don't believe it. This is part of a bigger attack.
Cheap labor is the whole point of our corporate-rigged, NAFTA-style trade agreements. But tolerating slavery? Really? Unfortunately, it looks like that's what is happening with the Trans-Pacific Partnership.
The recent fast track rules said we can't sign "trade" agreements with countries that violate human rights. To get around this rule the administration is declaring the worst violators of human rights to be OK after all.
Our enormous, humongous trade deficit is a measure of how many jobs, factories, companies and industries we are losing to our pro-Wall Street trade policies.
What do we do now that fast-track trade authority has passed? We take this awareness and energy into the fight against the Trans-Pacific Partnership. And then, win or lose, we build a fair trade movement.
After observing painful trade votes for more than 20 years, this vote left me feeling that opponents should be holding their heads higher than ever before as they regroup for the next phase of the fight.
This fast-track trade authority push was different, more aggressive, less concerned with how it looked. Is this how business will be done in the 21st century? Maybe, but maybe not.
"This is a day of celebration in the corporate suites," said Ohio Sen. Sherrod Brown after the vote – and a day to resolve to replace Wall Street-beholden members of Congress with true representatives of the people's interests.
Instead of conceding 20 years of failure and forging a new path on trade, the House cleared the way to destroy more American jobs. The Senate votes today on fast-tracking more jobs and factories overseas.
The Senate votes Tuesday on fast track authority for the Trans-Pacific Partnership. Call your senators and ask them to vote no. Also attend one of these rallies at the offices of key senators if you can.
Nonetheless, Clinton is still hedging and needs to make a clear statement before Tuesday's vote in the Senate. She has to say she is for this or she is against it.
The fast track bill is being super-fast tracked in the Senate and the vote there will come up very, very soon. Here are things you can do to help stop this from being rammed through.
With only a few hours notice, the House of Representatives snuck in another fast track vote, and it passed 218-208. The bill now must return to the Senate.
Wall Street and the big corporations don't like to lose. It looks like The Money has told the Republicans to try again to get Fast Track through and they are preparing to vote before we can rally and organize people to try to stop it again.
If we keep fighting we can start to come up with a new economic agenda that works for all of us, not just for a few. We can demand a real debate over how our country should do business.
Few believed that the anti-fast-track coalition had much of a chance against the big moneyed interests lined up on the other side. We showed the power of people when they make their voice heard.
Votes on two more bills today will lead up to the big vote on fast track, which essentially preapproves the still-secret TPP. There are still reportedly 33 Democrats and 83 Republicans in the "undecided" column.
The House of Representatives is scheduled to vote Friday on the fast track bill that would effectively preapprove the Trans-Pacific Partnership and future so-called "trade" trade agreements. The vote is expected to be close.
The vote on fast track is slated for Friday. It is too close to call. The backroom dealing is frenzied. But the choice is simple: Will we continue our ruinous trade policies or will Congress set a new course?
Nineteen Democrats have joined 110 Republicans in support of fast track authority for the Trans-Pacific Partnership. Meanwhile, there are 145 minds to sway, including 41 Democrats.
Presidential candidate Hillary Clinton has so far chosen to remain silent on fast track trade authority, refusing to take a position. This is her last chance. The vote could be Thursday.
Corporations are famous for sneaking things into laws and regulations before the public can rally to stop it. Is the Trans-Pacific Partnership's wording on state-owned enterprises a mandate for privatization?
Martin O'Malley on Wednesday became the second Democratic presidential candidate to come out forcefully against fast-track trade authority for the Trans-Pacific Partnership.
The American Trade Enforcement Effectiveness Act would allow companies and workers to seek remedy for unfair trade practices before the layoffs and plant closings begin.
“Our phones are ringing off the hook,” said Rep. Rosa DeLauro as members of Congress were presented with the signatures of 2 million people calling for a "no" vote on fast track for the Trans-Pacific Partnership.
Imagine $40.9 billion of orders coming in right now to companies that make and do things inside the U.S. That is what we are losing because of this enormous, humongous trade deficit.
It's up to you now. Call your representative today. Call and demand they vote NO on fast track. If we swamp them with phone calls, we will deliver a powerful message.
Decade after decade, the federal government has failed to enforce free trade agreements, placing Americans in competition with child laborers, underpaid and overburdened foreign workers and victims of human trafficking.
One side says the Trans-Pacific Partnership is entirely about lowering tariffs, the other says it's about corporate power. The House should require separate votes on the trade and non-trade parts of the agreement.
This is not a drill. The vote in the House of Representatives on fast track, preapproving the Trans-Pacific Partnership before the public finds out what is in it, could take place this week.
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.