China's Little-Noted Rage Against TPP

Investors Busniness Daily ^ | 10/07/2015 | Editorial

[expat_panama]

Free Trade: As U.S. demagogues and presidential candidates bluster against the Trans-Pacific Partnership trade pact as a boon to China, the very same China, in a far colder fury, is sharpening its claws in a bid to kill it.

The irony of this disconnect is incredible. About the same time presidential candidate Donald Trump was condemning the just-negotiated 12-nation TPP as "terrible" on Fox News because China might some day be able to join it, the South China Morning Post changed the banner headline on its website to: "It's not checkmate yet: Beijing to counter US-led Trans-Pacific Partnership trade pact."

It shows what Americans hear about the pact, and what the power players across the Pacific know, are two very different things.

Trump's not the only one on the same side as China here. Democratic presidential candidate Hillary Clinton came out against TPP on Wednesday, while socialist candidate Bernie Sanders blasted it as "disastrous."

[snip]

Because, as a matter of fact, China is the second runner-pup in this eight-year, 12-nation, free-trade achievement.

Whatever the merits of TPP as it becomes available to examine all its detail, one thing we know already:

China is mad as hell and wants it gone.

[expat_panama]

Now we'll probably hear from import taxers that say nobody knows anything that's in the TPP and we know it's got foreign control of internet etc.  fwiw, here's a link to what we got so far in the TPP and the rest does not exist because it hasn't been written. When it's written then we can read it and then we can vote on it.  If the problem is that the Senate is a bunch of idiots then I'd have thot our problem is w/ the Senate, not w/ tax cuts.

[Lurkina.n.Learnin]

“Now we’ll probably hear from import taxers”

You can bet on it.

[expat_panama]

Another lovely day for profit taking --right after yesterday's "solid gains in heavier trade" into today's futures screaming about stock indexes falling -0.32%.  Metals profit taking today too w/ futures seeing a -1.06% fall after yesterday's  highs.  Claims/FOMC day today:

8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
2:00 PM FOMC Minutes

--and we also got so many neat FR threads we won't have to watch CNN:

• Most Americans have less than $1,000 in savings
• What No One Seems to Know About Ted Cruz’s Past
• Obama: Customers will accept paying more for higher minimum wage
• The model minority is losing patience
• America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming…
• Once the Biggest Buyer, China Starts Dumping U.S. Government Debt
• Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job
• Top GDP Growth Rates in U.S. History

So many threads, so little time...

[Cringing Negativism Network]

Import taxers?

That’s a new one.

Bring back businesses to America. Just my view.

[expat_panama]

[putting on my asbestos jocky shorts...]

[expat_panama]

Import taxers?  That’s a new one.  Bring back businesses to America.

Hey, if you're not talking tax hikes then you can 'bring back' all the businesses you want.  Of course, you know that before you can move a business, you'll need to actually own it first...

[Cringing Negativism Network]

There are a LOT of businesses which abandoned America.

Maybe they simply need to be replaced, here.

Just saying. Be careful about being combative.

America can fight back. Be very careful about who you support.

[pas]

Taxes is not why they moved. They moved for cheap labor.

[Lurkina.n.Learnin]

Labor/Regulations+Taxes.

[expat_panama]

if you're not talking tax hikes then you can 'bring back' all the businesses you want...

Taxes is not why they moved. They moved for cheap labor.

Neat!  Making up imaginary reasons for things we don't know about sure is fun!  Back to what I was saying, if y'all don't want to raise taxes then go ahead and  'bring back" all the businesses you want.   Rethinking what I said above about how "before you can move a business, you'll need to actually own it first".   That may not be true becaue with a despotic state run economy the gov't can just seize the business and stick it anywhere.  State run economy-- that's really what protectionism is all about.

[Buckeye McFrog]

I hope all those union guys are not naïve enough to believe that Hillary is actually going to oppose this.

[expat_panama]

Maybe they simply need to be replaced

What's that mean, the federal gov't going to create a bunch of state run companies to replace the ones they put out of business here?

careful about who you support

Whoa --now we're going form personal character attacks over to thinly veiled physical threats.   

[indthkr]

TPP bump for later.....

[Cringing Negativism Network]

Oh baloney.

But be careful when you say “owners” are calling the shots.

When companies have sold their soul to globalism, our country just might turn back to American businesses.

For real. You’re not going to own a thing, if that happens. China will take over your factories, and you won’t own anything.

Anywhere.

[Chgogal]

FYI

http://news.nationalpost.com/news/canada/canadian-politics/is-the-trans-pacific-partnership-really-a-good-deal-for-canada-or-is-it-just-nafta-on-steroids

A Canadian article about the TTP. It goes into some detail, the most I have seen so far.

[central_va]

A duty is not really a tax. Don’t buy - don’t pay. It is optional. Unlike the income taxes which Free Traitors™ defacto support by calling tariffs anti American. Well the founding fathers would have told would Free Traitors™ to stuff it along time ago.

[central_va]

State run economy

That is crazy talk. Get get a grip.

[1010RD]

Take a look at the growth rates during the pre-FED Long Depression (misnamed). Also, why don’t people save more? Moral hazard? Govt. making labor dear?