It appears Obama’s desire for Fast Track Authority, which he wants so he can ram the Trans Pacific Partnership (TPP) and later the TTIP through Congress, has been postponed until next year. He had not only wanted to acquire Fast Track Authority, but also to get the TPP passed before the end of this year. This year both houses of Congress have rejected putting Fast Track Trade Authority to the floor for a vote and seem to have delayed it until next session.
Tag Archives: NAFTA
The Trans-Pacific Partnership is a “free trade” agreement that, if passed, would unite the economies of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico, Canada, Japan and the United States. The trade negotiators from these countries meet secretively behind closed doors to continue their work on drafting the terms of the Trans-Pacific Partnership agreement (TPP). Little has been revealed about what was discussed during the closed-door meetings, other than the fact that the lobbyists and government representatives want to “accelerate” the trade negotiations. When it is finalized, the consequences for the United States will be disastrous.
Every sensible country protects its industries and companies from foreign takeover. Protectionism is a matter of self-preservation. Apparently American politicians are neither interested in being sensible nor are they interested in our nation’s economic survival.
Today is Thanksgiving, and for most Americans that means sitting around a table eating some turkey and maybe watching some football or a parade. For many, there is little to be thankful for. Our economy is in shambles, unemployment remains high, and wages have stagnated for years.