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Keyword: trade

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  • Exclusive — 'It’s A Terrible Deal,' Donald Trump Says About Just-Signed Obamatrade

    02/05/2016 9:57:42 AM PST · by Syncro · 48 replies
    Breitbart/Big Government ^ | Feb 5. 2016 | Matthew Boyle
    Donald Trump, currently leading in New Hampshire polling ahead of this coming Tuesday's primaries, tells Breitbart News exclusively that the just-signed Trans Pacific Partnership (TPP) Pacific rim trade agreement is a "terrible deal." "It's like all deals that the United States makes under this president, it's a terrible deal," Trump said when asked to react to the news that President...Obama's U.S. Trade Representative just inked the deal officially in Auckland, New Zealand. It's going to allow countries to continue to take advantage of us and take our jobs, take our trade. It's bad for us. It'll allow China to come...
  • Sessions: 'Little surprise' Obama quietly signed the TPP

    02/04/2016 11:40:26 PM PST · by Ray76 · 89 replies
    Washington Examiner ^ | Feb 4, 2016 | Anna Giaritelli
    Sen. Jeff Sessions, R-Ala., charged the Obama administration with quietly signing the Trans-Pacific Partnership trade agreement in New Zealand, and said the White House tried to minimize it because it knows the public isn't pleased with the deal.
  • Sessions: Choose carefully America, 2016 is 'THE LAST CHANCE'

    01/30/2016 8:36:22 PM PST · by free_life · 61 replies
    Alabama Sen. Jeff Sessions, a leading voice on trade, immigration and executive powers, is urging Americans to choose their next president carefully because 2016 "is the last chance for the American people to take back control of their government." In a sober interview with Secrets, the Republican warned that liberal special interests, Wall Street moguls, and international media conglomerates are fast turning the United States into just another member of the European Union and that the effort is being led by a Democratic president eager to go his own way with executive orders. "This election is different because we have...
  • Trump on Trade: Only Candidate Talking About the Most Important Issue to U.S. Economic Future

    01/30/2016 8:06:20 PM PST · by vekzen · 56 replies
    breitbart ^ | 1/30/16 | vekzen
    DES MOINES, Iowa — Donald J. Trump, a billionaire and currently the front-running 2016 GOP presidential candidate, made the case exclusively to Breitbart News on Saturday that the only way to stop Obamatrade is to elect him President of the United States. Obamatrade is the combination of and intersection between the Trade Promotion Authority (TPA), which passed Congress last year and greases the skids for the congressional approval of various trade deals by lowering U.S. Senate vote thresholds from 60 votes to 51 votes and killing the ability of Congress to amend those deals, and those various trade deals.
  • American Tech Workers Defiant as GOP Lawmakers Push to Expand Foreign Labor Programs

    01/30/2016 6:35:25 PM PST · by Enlightened1 · 39 replies
    Breitbart ^ | 01/29/16 | Julia Hahn
    In 2014, the Northeast Utilities Company in Connecticut -- now known as Eversource Energy -- allegedly laid off around 200 of its American tech workers and replaced them with low-wage foreigners admitted on H-1B guest worker visas. Now a photo has emerged depicted the workers' final, silent patriotic protest -- silent because the workers reportedly were forced to sign non-disparagement agreements to shield their employer. The image depicts the display of American flags around cubicles of the company's IT department -- circulated by trade magazine ComputerWorld -- before the Americans were replaced with foreign labor. The powerful image seems to...
  • Trump's Got It Right on Trade

    01/28/2016 5:12:03 PM PST · by Kaslin · 57 replies
    Townhall.com ^ | January 28, 2016 | Peter Morici
    Donald Trump has been savaged by economists and media aligned with establishment candidates for tough positions on trade—including a 45 percent tariff on imports to force China to the negotiating table. Actually, he's got it right. Establishment Democrats and Republicans embrace free trade because it puts free markets first with benefits any decently trained economist should extoll. Unfortunately, trade with China and many nations is hardly market-driven. It hurts U.S. growth and victimizes America's families. Obama's six-year expansion has averaged 2.2 percent annual economic growth and added 13.6 million jobs. Coming off a similar bout with double-digit unemployment, Reagan delivered...
  • Trump is right, says brave economist (You have to be brave to agree with Trump?)

    01/28/2016 11:55:58 AM PST · by AngelesCrestHighway · 62 replies
    MarketWatch ^ | 01/28/16 | Tom Bemis
    Donald Trump is right when he calls for high trade tariffs to protect American jobs, according to one brave economist. The Republican presidential candidate’s protectionist rhetoric has been playing well with voters heading into the primary season. But Trump has been attacked by economists and the media for violating the sacred belief that free trade is always a good thing, writes Peter Morici, a professor at the University of Maryland. Morici argues that China hasn’t been playing fair, however, and says the artificially weak yuan has cost America hundreds of thousands of jobs. “Trump’s proposals for fixing trade — starting...
  • So What Would It Mean to ‘Beat China’ on Trade?

    01/28/2016 9:28:47 AM PST · by Theoria · 8 replies
    The New York Times ^ | 28 Jan 2016 | Josh Barro
    If you were Donald Trump, you would probably summarize the academic paper's finding as follows: China is beating us. A new working paper from the economists David Autor, David Dorn and Gordon Hanson argues that trade with China is having persistent, negative effects on parts of the American labor market. Research from the same authors, published in 2013, found that the American workers most exposed to Chinese trade have experienced material declines in wages, higher unemployment and an increased likelihood of receiving government benefits like disability payments."The idea that trade competition with China has hurt various workers and communities is...
  • Exclusive - Jeff Sessions: 'Clarity of Donald Trump’s Position' on Trade Is 'Right'(tr)

    01/25/2016 4:26:05 PM PST · by monkapotamus · 86 replies
    Breitbart ^ | January 25, 2016 | Matthew Boyle
    Sen. Jeff Sessions (R-AL), the intellectual leader of the modern conservative movement and the catalyst behind much of the rise of nationalist populism in this election cycle, told Breitbart News exclusively that he thinks there's much about 2016 GOP presidential frontrunner Donald Trump for voters to like when it comes to the issue of trade negotiations... Sessions, who is standing up for American workers on this issue, told Breitbart News that the reason nobody on Capitol Hill or in the political class - save for Trump - really seems to be fighting this is "complicated," because the polling data so...
  • Jeff Sessions: ’Matter Of Supreme Importance’ GOP Nominee Can ‘Negotiate Better’ Trade Deals

    01/25/2016 7:59:46 AM PST · by xzins · 151 replies
    Breitbart ^ | 25 Jan 16 | Matthew Boyle
    While he's not making an official endorsement for the presidency in 2016's GOP primary, at least not yet, Sen. Jeff Sessions is calling on the people of Iowa, New Hampshire and South Carolina to very carefully pick a candidate they think can "negotiate better" when it comes to trade deals. He laid out the case for why Republicans must nominate a candidate who opposes the Trans Pacific Partnership (TPP) and the accompanying two global trade deals that would come with it: The Transatlantic Trade and Investment Partnership (T-TIP) and the Trade in Services Agreement (TiSA). All three deals, along with...
  • 2016 Is Looking Like One Bad Year Financially

    01/23/2016 12:34:27 PM PST · by American Faith Today · 8 replies
    American Faith Today ^ | January 23, 2016 | American Faith Today
    On today's show I wanted to go back to something that I haven't dealt with in a while, and that's the economy. I of course am not an economist, but I do put my trust in what economists and economic commentators say we need to be watching rather than what the government says the unemployment rate is. We've gotten off to a very rough start in 2016 when it comes to global markets, wealth lost in the stock markets, global trade, and companies looking to downsize their workforce. I don't like to talk negative but I do like to talk...
  • Almost Everything Donald Trump Says About Trade With China Is Wrong

    01/20/2016 6:32:44 AM PST · by andrewinhd · 42 replies
    The Federalist ^ | JANUARY 20, 2016 | Scott Lincicome
    The idea that China is totally dominating the United States is equally absurd. Yes, China has experienced impressive gross domestic product (GDP) growth over the last decade or so, but (a) that’s what developing countries do (especially former centrally planned ones with more than a billion people); and (b) America remains much, much wealthier, greener, more egalitarian, and more productive. It’s not even close—no, really. China’s incessant quest for GDP growth through the kind of economic interventionism that Trump just loves has led to some serious economic distortions. Moreover, unless you’ve been living under a rock for the last six...
  • The Daily Bell Interviews Brandon Smith Of Alt-Market

    01/19/2016 9:46:04 AM PST · by MikeSteelBe
    Oathkeepers Website ^ | 1/19/2016 | Brandon Smith
    ASSOCIATE EDITOR’S NOTE: I recently participated in an interesting interview with The Daily Bell, and though most of my readers are probably already familiar with my positions on these questions I thought it might be a good idea to drive certain points home. Please be sure to check out The Daily Bell’s website and the great content they have there, as well as Anthony Wile’s afterthoughts on this very interview. This article was originally published at The Daily Bell Introduction: Brandon Smith is founder of the Alternative Market Project (www.alt-market.com) as well as the head writer and co-founder of Neithercorp...
  • The GOP Trade Gap

    01/17/2016 4:22:11 AM PST · by expat_panama · 4 replies
    Investors Business Daily ^ | 01/15/2016 | Editorial
    GOP's Dazzling Field Of Debaters Sharpen, With One Caveat Election '16: The sixth Republican presidential debate, with its complex jousting over ideas and policies, demonstrated that every contender on the dais is worthy of the presidency. Except, that is, in one area. The top candidates, from Donald Trump to Ted Cruz, Marco Rubio, Jeb Bush and Chris Christie, pretty much all looked at the top of their game. There were impressive arguments all around ... [snip] Their positions on issues reflected the good sense of the American people, and the message is clearly resonating, given voters' enthusiasm. But in what's...
  • 1984 – Globalism, Global Economics and The Disconnect In Presidential Politics…

    01/16/2016 5:33:17 AM PST · by Yashcheritsiy · 22 replies
    Conservative Treehouse ^ | January 15, 2016 | Sundance
    Unlike the chatter amid most of the professional punditry we don’t view the Ted Cruz -v- Donald Trump debate confrontation as the most consequential part of the GOP debate in South Carolina. The exchange between Donald Trump and Jeb Bush regarding China and trade economics was actually the most revealing. Donald Trump pointed out because of the size of our market we have tremendous leverage on China; leverage we have failed to use for the past three decades. For the sake of brevity, I’m going to accept that most readers here are familiar with who is funding and directing Jeb...
  • Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill

    01/15/2016 10:47:34 AM PST · by SeekAndFind · 7 replies
    TEC ^ | 01/15/2016 | Michael Snyder
    For the first time ever, the Baltic Dry Index has fallen under 400. As I write this article, it is sitting at 394. To be honest, I never even imagined that it could go this low. Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it has been on a steady decline. Of course the Baltic Dry Index crashed hard just before the great stock market crash of 2008 too, but at this point it is already lower than it was during that entire crisis. This is just more evidence that global trade is...
  • Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

    01/15/2016 4:46:55 AM PST · by Zakeet · 6 replies
    Zero Hedge ^ | January 15, 2016
    Bulletin Headline Summary From Bloomberg and RanSquawk Amid the fresh downturn in risk sentiment, there is one standout move to highlight this morning; the USD/CAD ramp through 1.4400 and 1.4500 WTI and Brent are below USD 30/bbl, with analysts noting that the UN are expected to approve the removal of Iranian trade sanctions as soon as Monday Highlights today include US retail sales, PPI final demand, empire manufacturing, industrial production, business inventories and University of Michigan sentiment as well as Fed's Dudley, Williams and Kaplan Treasuries gain as global stocks plunge led by China, crude at 12-year low; 10Y has...
  • Pentagon: 2 U.S. Navy Boats Held by Iran Military

    01/12/2016 1:30:18 PM PST · by SeekAndFind · 67 replies
    NBC News ^ | 01/12/2016 | by JIM MIKLASZEWSKI and COURTNEY KUBE
    Iranian military forces seized two U.S. Navy boats Tuesday and are holding them in custody on Iran's Farsi Island in the middle of the Persian Gulf, senior U.S. officials told NBC News. Officials said it's unclear whether the 10 American sailors aboard one of the small riverine boats had strayed into Iranian territorial waters before they were captured. The officials said the Americans were on a training mission around noon ET when their boat experienced mechanical difficulty and drifted into Iranian-claimed waters and were seized by Iranian Coast guard. The crew was described as being safe. Following reports of the...
  • This is the bluster of a phony: Donald Trump represents rage and rudeness, not populism (barf-alert)

    01/10/2016 4:53:26 PM PST · by ObamahatesPACoal · 64 replies
    Salon.com ^ | 15 Dec 2015 | Andrew Burstein and Nancy Isenberg
    For a moment, earlier this year, Donald Trump was being taken seriously for his supposed straight talk, the idea being that he said what others were thinking but were held back from saying because of political correctness or some such thing. (SNIP) “The Donald” is theatrical on some (boorish) level, intentionally going without a Hollywood hairstylist or a politician’s conventional coiffure. Remember the felonious Rep. James Traficant of Ohio and his noteworthy hairstyle? It worked for him, too. He got noticed. (SNIP) Trump is a caricature of a populist, come to life, who exists before the television camera and for...
  • Will the Trans-Pacific Partnership Force Us to Fund the Paris Climate Agreement?

    12/21/2015 4:46:03 AM PST · by expat_panama · 4 replies
    American Thinker ^ | December 20, 2015 | Howard Richman, Raymond Richman, and Jesse Richman
    In a commentary inthe American Spectatoron December 16,"No one is Going to Enforce The Paris Climate Treaty through TPP," K. William Watson of the Cato Institute contributed to the ongoing discussion of the Trans Pacific Partnership (TPP). Watsonaddressedtwoof the arguments thatwehad made in ourAmerican Thinkercommentary "What's Actually in the Trans Pacific Partnership?" Although Watson made some useful points that highlight important nuances, at best, he defeated a straw man that was not our argument. TPP Amendment Process According to our reading, the TPP pact could beamended by the U.S. administrationwith the approval of the TPP Commission even without congressional consent....
  • Obama, GOP Leaders May be Plotting TPP Sneak

    12/12/2015 2:48:38 AM PST · by GonzoII · 8 replies
    Life Zette ^ | December 11, 2015 @ 5:41 PM | Brendan Kirby
    Firestorm brewing over possible vote in 2016 lame duck With a vote on a controversial free trade deal looking increasingly unlikely before the 2016 presidential election, critics warn that congressional leaders may try to push it through after the election but before new leaders take office.A vote on the Trans-Pacific Partnership in the so-called lame duck session would free lawmakers who have been defeated or are retiring from having to face angry voters."I am sure the president would like nothing more than to hold the vote on his 5,554-page plan during the lame duck," Sen. Jeff Sessions, R-Ala, said in...
  • Steve King Keeps Immigration, Climate Change Out of Trade Deals

    12/12/2015 1:06:41 AM PST · by House Atreides · 10 replies
    Breitbart Big Government ^ | December 11, 2015 | Alex Swoyer
    Rep. Steve King (R-IA) successfully pushed legislation through the House that prevents the Obama administration from negotiating immigration and climate change provisions with trade deals. "It's got many provisions within it which I'm happy about...the currency manipulation provision is one of them," King said of the legislation. The House adopted King's amendment, which keeps the Obama administration from negotiating immigration and climate change provisions in trade agreements, on Friday in the Customs Conference Report.
  • How the Economy Helps Trump

    12/11/2015 11:57:29 AM PST · by Theoria · 20 replies
    Politico ^ | 10 Dec 2015 | Zachary Karabell
    Despite steady recovery, too many Americans feel like they're on the outside looking in. The American economy suffers from a split personality, and Donald Trump appears to be the chief beneficiary of this illness. A study just released by Pew shows that for the first time in decades, the middle class is no longer in the majority in the United States. Instead, the upper and lower classes are. Now the middle class-defined as people earning between two-thirds and twice the median income (from $42,000 to $126,000 a year)-constitute just under 50 percent of the earning populace. Twenty-nine percent are in...
  • Free Trade is Outstanding – But Not All Trade Items Are Created Equal

    12/10/2015 4:47:55 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | December 9, 2015 | Seton Motley
    I am about as huge a free trader as anyone you'll read or meet. Because it is in fact yet another less government issue. The less government gets in the way of peoples trading freely - the better it is for everyone. '"Trade Wars' actually aren't about trade — they are about government trade policy. "If peoples are trading freely, there isn't a 'War' there's commerce. The 'Wars' only happen when governments get involved, placing tariffs, regulations and subsidies in the way of the flow. "It becomes a regulatory arms race. A government imposes another subsidy or tax. So several...
  • US faces $1 billion in trade penalties for meat labels[Country of origin labeling]

    12/07/2015 9:42:26 AM PST · by Theoria · 25 replies
    AP ^ | 07 Dec 2015 | AP
    <p>The World Trade Organization ruled Monday that Canada and Mexico can slap more than $1 billion in tariffs on U.S. goods in retaliation for meat labeling rules it says discriminated against Mexican and Canadian livestock.</p> <p>At issue were U.S. labels on packaged steaks and other cuts of meat that say where the animals were born, raised and slaughtered.</p>
  • Ted Cruz's Protectionist Gamble

    11/24/2015 3:14:52 PM PST · by conservativejoy · 27 replies
    National Review ^ | 11/24/2015 | Elaina Plott
    On Friday, during a campaign stop in Harlan, Iowa, Ted Cruz made clear his stance on President Obama's Trans Pacific Partnership (TPP), telling a crowd of supporters that the colossal 12 nation trade accord was "deeply concerning." "There are a number of Republicans on that [debate] stage who support TPP, who support [Trade Promotion Authority (TPA)]," Cruz said, according to the Des Moines Register. "I voted against TPA, and I intend to vote against TPP." Now that the 5,594-page text of the TPP has been made public, grassroots conservatives are voicing their case against the deal, and Cruz is staking...
  • Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks

    11/21/2015 2:53:53 PM PST · by Lorianne · 51 replies
    Zero Hedge ^ | 21 November 2014 | Tyler Durden
    This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week - it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone.
  • What's Actually in the Trans Pacific Partnership?

    11/20/2015 8:09:10 AM PST · by SeekAndFind · 6 replies
    American Thinker ^ | 11/20/2015 | By Howard Richman, Raymond Richman and Jesse Richman
    On November 5, the White House released the text of the 5,544 page Trans Pacific Partnership (TPP) that President Obama had just finished negotiating under the FastTrack authority that Congress gave him. That trade pact can no longer be amended. The up-or-down votes in the House and Senate will take place as early as January 2016. So what’s in the TPP? Here’s a quick summary: A legislative body superior to CongressA vehicle to pass Obama’s climate change treatyIncreased legal immigrationReduced patent protection for U.S. pharmaceuticalsQuotas on U.S. agricultural exportsIncreased currency manipulationReduced U.S. power That’s the summary. Here are the details....
  • VIDEO: Donald Trump Massive Rally in Beaumont, TX

    11/14/2015 1:24:20 PM PST · by JoeSeales · 68 replies
    Donald Trump ^ | 11-14-15 | Donald Trump
    November 14, 2015: GOP Presidential candidate and front-runner Donald Trump spoke to thousands at a rally in Beaumont, TX at the Ford Park Arena. Trump spent the majority of the time talking about immigration...
  • China Goes West Shopping for Assets as Xi Transforms Economy

    11/13/2015 9:15:38 AM PST · by entropy12 · 8 replies
    finance.yahoo ^ | 2 hours ago 11/13/15 | Vinicy Chan
    Chinese companies are going on their biggest global spending spree ever, with a marked change in strategy from buying resources to hunting for manufacturing expertise and financial companies as economic growth slows. With China National Chemical Corp.’s 41.7 billion franc ($41.6 billion) bid for Syngenta AG, the nation’s companies and tycoons have proposed $128.3 billion of acquisitions outside the country this year, up 185 percent from the same period in 2014, according to data compiled by Bloomberg. ChemChina is in talks to buy the Swiss pesticide maker, according to people familiar with the matter, in what would be the biggest...
  • Campaign Mgr on TPP: Trump Committed to Bilateral Renegotiations <tr>

    11/11/2015 10:26:41 AM PST · by RoosterRedux · 38 replies
    Breitbart ^ | Tony Lee
    On Wednesday's Breitbart News Daily on Sirius XM Patriot channel 125, Donald Trump's campaign manager said Trump is committed to renegotiating the Trans-Pacific Partnership (TPP) agreement with the 11 nations and then honoring the Constitution by getting two-thirds of the Senate to approve those bilateral agreements. He added that Trump is the only candidate in the race who can cut good deals on behalf of the American people. During Tuesday night's debate, Trump said that TPP was "a horrible deal" that "is going to lead to nothing but trouble" and he would rather make "individual deals with individual countries." "This...
  • Trump doubles down on debate claim: ‘Wages are too high’

    11/11/2015 10:38:30 AM PST · by GIdget2004 · 92 replies
    The Hill ^ | 11/11/2015 | Ben Kamisar
    Donald Trump on Wednesday doubled down on his argument that American wages are “too high” after making a similar claim during Tuesday night’s GOP presidential debate. “We have to become competitive with the world. Our taxes are too high, our wages are too high, everything is too high,” he said Wednesday morning during an interview on MSNBC’s “Morning Joe.” “What's going to happen is now people are going to start firing people.” Trump’s comments came when asked about the minimum wage, which he explained during Tuesday night’s debate on Fox Business News and reiterated on Wednesday. He said both times...
  • OOPS: Donald Trump -- not exactly an expert on TPP

    11/11/2015 12:26:56 AM PST · by Cincinatus' Wife · 152 replies
    The Washington Examiner ^ | November 11, 2015 | staff
    During last night's Republican presidential debate, the Wall Street Journal's Gerard Baker made a critical mistake: He tried to pin Donald Trump down on policy specifics. In this case, it was about trade policy, a subject about which Trump evidently knows very little. Baker asked the billionaire "which particular parts" of the pending Trans-Pacific Partnership free trade deal he objected to. If he were familiar with the deal, Trump could have raised any of several issues. Instead, he continued with the same word salad about China that he has been issuing forth since long before the TPP had been negotiated...
  • Donald Trump Releases America First Policy Statement On U.S. Trade Deals….

    11/10/2015 10:12:16 PM PST · by sheikdetailfeather · 7 replies
    The Conservative Treehouse ^ | 11-10-2015 | sundance
    The currently considered TPP (Trans-Pacific Partnership) trade deal has the potential to be the fulcrum under every plank in the 2016 presidential election. Many people view immigration as the #1 concern underlying further economic issues – however, few people recognize that immigration is actually part of the TPP construct. Globalists, via Wall Street international financiers, are determined to get TPP passed into law. Few of the GOP candidates stand in the way; Donald Trump is the primary roadblock to the current globalist goals.
  • Donald Trump Releases Trade Plan: ‘China Will Be On Notice

    11/10/2015 11:34:31 AM PST · by MichelleWSC3 · 106 replies
    Brietbart ^ | 11-10-15 | Matthew Boyle
    MILWAUKEE, Wisconsin — GOP frontrunner Donald Trump is releasing his policy plan to protect American workers and businesses from China’s destructive currency manipulation and financial policies. The move hints he’s planning to come out guns-a-blazing on trade policies at the Fox Business Network debate here in Milwaukee on Tuesday evening. The hallmark of the plan is a tough guy approach only Trump can pull off with regard to dealing with China. Titled, “Reforming The U.S.-China Trade Relationship To Make America Great Again,” the plan opens with an explanation of what Trump says caused America to start getting beat by China...
  • Exclusive-Donald Trump: Obama's Trans-Pacific Free-Trade Deal is 'Insanity'

    11/09/2015 2:33:27 PM PST · by conservativejoy · 29 replies
    Breitbart ^ | 11/9/2015 | Matthew Boyle
    GOP frontrunner Donald Trump lambasted the permanent political class for supporting the Trans Pacific Partnership free trade deal, in an exclusive interview with Breitbart News ahead of the next debate. 'The deal is insanity,' he said. 'That deal should not be supported and it should not be allowed to happen.' The 5,544-page deal is far too long to be understood, said Trump. 'Nobody understands it,' he said. The 'Obamatrade' deal is longer than Obamacare plus the 2013 amnesty bill, authored by 2016 candidate Sen. Marco Rubio (R-FL)80% and Democratic leader Sen. Chuck Schumer (D-NY). 'The deal is so bad because...
  • Progressives revolt against Obama's 'job-killing' trade pact and Sanders pledges to do everything...

    11/06/2015 5:12:46 PM PST · by Libloather · 24 replies
    Daily Mail ^ | 11/05/15 | Francesca Chambers
    It's 'worse than anything we could've imagined': Progressives revolt against Obama's 'job-killing' trade pact and Sanders pledges to do everything he can to defeat it Progressives are in an uproar over the text of President Barack Obama's trade pact, the Trans-Pacific Partnership, which finally became public today. Left-wing group Democracy for America was among the first of the organizations traditionally aligned with Obama but enraged over the trade agreement to proclaim that the 'job-killing TPP is worse than anything we could've imagined.' Friends of the Earth claimed Obama 'sold the American people a false bill of goods.' Democratic presidential candidate...
  • Donald Trump is talking nonsense on trade (No CNN, Donald Trump is 100% right on trade)

    11/05/2015 11:39:11 PM PST · by Cringing Negativism Network · 22 replies
    CNN ^ | November 5, 2015 | By Heather Long
    Donald Trump likes to remind America that he's a master dealmaker. "I'm going to make the greatest trade deals we've ever made in our country," he proclaims in his new radio ads. But experts say Trump is talking a lot of nonsense on trade. It isn't backed up by the data. "[Trump] wants to convey as a presidential candidate that any deal that he was not involved with... is by definition an inferior deal because he didn't play a role," says Bernard Baumohl, chief economist at the Economic Outlook Group. (full article) http://money.cnn.com/2015/11/05/news/economy/donald-trump-trade-nonsense/index.html
  • Obamatrade condemned by both left, right: It's obvious why it was kept in total secrecy for so long

    11/05/2015 10:19:10 PM PST · by Perseverando · 64 replies
    WND ^ | November 5, 2015 | Jerome R. Corsi
    President Obama addresses workers (White House photo) UNITED NATIONS – The Obama administration’s release Thursday of the more than 2,000 pages of the text of the Trans-Pacific Partnership agreement, known more commonly as Obamatrade, has prompted a rash of criticism from both the political left and the right. Critics charge the pact undermines U.S. sovereignty by establishing a secret, unaccountable TransPacific Partnership Commission with sweeping regulatory powers over 40 percent of the world’s economy while sending jobs abroad. “This trade agreement would allow foreign corporations to challenge our health, safety and environmental protections in a foreign tribunal outside our...
  • Mariners, Rays Swap Miller, Morrison, Farquhar For Karns

    11/05/2015 8:35:03 PM PST · by TBP · 12 replies
    MLB Trade Rumors ^ | 11/5/15 | Jeff Todd
    The Mariners and Rays have announced a three-for-three trade that sends infielder/outfielder Brad Miller, first baseman Logan Morrison, and reliever Danny Farquhar from Seattle to Tampa in exchange for righty Nate Karns, lefty C.J. Riefenhauser, and minor league outfielder Boog Powell. With the trade, new Mariners GM Jerry Dipoto has made a striking first major move. The key piece, of course, is the 27-year-old Karns, who put up a solid 147-inning campaign last year, working to a 3.67 ERA with 8.9 K/9 and 3.4 BB/9. He’ll bring ample, cheap control with him to the Mariners, even if he regresses (and/or...
  • White House releases text of Trans-Pacific Partnership trade deal

    11/05/2015 3:33:55 AM PST · by GIdget2004 · 9 replies
    The Hill ^ | 11/05/2015 | Vicki Needham
    The much-anticipated release of the final text of a sweeping Asia-Pacific trade agreement became a reality on Thursday morning, kicking off what is expected to amount to months of intensive debate on Capitol Hill. The U.S. Trade Representative’s office dropped the details of the massive 12-nation Trans-Pacific Partnership (TPP) deal — 30 chapters and more than 2,000 pages — exactly one month since the agreement was completed on Oct. 5 in Atlanta.  The text of the TPP deal will be under congressional and the broader public’s microscope for at least 90 days before President Obama can sign the agreement...
  • TPP May Not Pass Due to Anti-Free Trade Provisions That Lack GOP Support

    11/03/2015 10:49:44 AM PST · by conservativejoy · 27 replies
    Washington Free Beacon ^ | 11/3/2015 | Ali Meyer
    Tobacco, rice, dairy provisions cause Republican dissent. More than twenty Republican members of Congress have said that anti free trade provisions within the Trans-Pacific Partnership (TPP) are holding them back from supporting it, and without their support the deal may not pass. Several of those members have sent letters to President Obamas lead adviser on trade, Michael Froman, regarding these concerns. While TPP is intended to reduce tariffs, quotas, and trade barriers for thousands of products, some Republican members of Congress are concerned about a carve-out proposal for tobacco that they say will establish a dangerous new precedent. Critics say...
  • New named pipe found at Jamestown

    11/01/2015 11:04:00 PM PST · by Brad from Tennessee · 21 replies
    History Blog ^ | October 31, 2015
    Archaeologists at Historic Jamestown have discovered the tenth Virginia-made pipe with a name inscribed on the stem. It’s the first new named pipe found at the site since 2009, and in contrast to most of the earlier discoveries, the name is complete: William Faldo. The stockholders of the Virginia Company were expecting to make a quick profit from their investment in the Jamestown settlement, but the struggling colonists could barely keep themselves alive, never mind send back the riches in minerals and trade goods the company had envisioned. They weren’t even self-sufficient, having clashed with the Powhatan tribes weeks after...
  • With anti-trade message, Trump targets 'Reagan Democrats'

    10/31/2015 9:18:31 AM PDT · by BlackFemaleArmyCaptain · 94 replies
    Yahoo ^ | 10/31/2015 | James Oliphant
    To hear Donald Trump tell it, blue-collar workers here are suffering as much as ever, their livelihoods endangered by the familiar combination of foreign competition and U.S. companies eager to hold down labor costs. It's Trump's mantra. He repeats it again and again at campaign stops like the one he made here last week. A leading contender for the Republican presidential nomination, Trump has made the health of the U.S. manufacturing a cornerstone of his insurgent campaign. In doing so, Trump is targeting a big pool of potential voters among disaffected blue-collar workers, even if it means alienating the business...
  • US Threatens UK With Trade Barriers If It Leaves The European Union

    10/29/2015 2:33:04 PM PDT · by amorphous · 27 replies
    Zero Hedge ^ | October 29, 2015 | Tyler
    One of the most important decisions Brits have to make before the end of 2017 (most likely some time next year) is whether or not to remain in the European Union, and while recent polls have those willing to stay in as the majority, there has been a spike in support for leaving the bloc which coupled with Europe's refugee crisis has made a Brexit an all too possible outcome. Which probably explains why the U.S., confident it sill has veto power over democracies anywhere in the world, has just made it quite clear to UK's citizens which way they...
  • China communist party paper says country should join U.S.-led trade pact

    10/25/2015 7:09:46 AM PDT · by WhiskeyX · 5 replies
    Reuters ^ | Sat Oct 24, 2015 11:08pm EDT | Reporting by Ben Blanchard; Editing by Jacqueline Wong
    China should join at an appropriate time the U.S.-backed regional trade accord the Trans-Pacific Partnership (TPP) as its broad aims are in line with China's own economic reform agenda, an influential Communist Party newspaper said on Sunday. China is not among the 12 Pacific Rim countries who earlier this month agreed the trade pact, the most ambitious in a generation. The accord includes Australia and Japan among economies worth a combined $28 trillion.
  • Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

    10/20/2015 11:08:42 AM PDT · by Perseverando · 10 replies
    The Economic Collapse ^ | October 19, 2015 | Michael Snyder
    When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports...
  • Trans-Pacific Partnership Deal Reached! Now What?

    10/08/2015 8:15:57 PM PDT · by Tolerance Sucks Rocks · 16 replies
    Cato @ Liberty ^ | October 5, 2015 | Daniel J. Ikenson
    After six years of negotiations, a final Trans-Pacific Partnership agreement has been reached in Atlanta.  Check your pacemakers, trade policy wonks. This is about as exciting as it gets in our world.First, congratulations are in order for the TPP negotiators, who worked extremely hard over the past several years in an environment of profound public skepticism – much of it driven by pervasive scaremongering – to arrive at this moment. Reaching accord on a broad array of subjects between 12 countries at different levels of economic development with disparate policy objectives is not a task for the faint of heart.Second, there...
  • China's Little-Noted Rage Against TPP

    10/08/2015 4:29:12 AM PDT · by expat_panama · 17 replies
    Investors Busniness Daily ^ | 10/07/2015 | Editorial
    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."...
  • What No One Seems to Know About Ted Cruzs Past

    10/07/2015 8:22:07 PM PDT · by Impala64ssa · 50 replies
    PJ Media ^ | 9/30/15 | Asheesh Agarwal and John Delacourt
    Cruz was once a director at the Federal Trade Commission. He had a remarkable record of convincing Democrats to vote for conservative principles. In his first significant leadership role as president of the Screen Actors Guild Ronald Reagan fought communist influence in Hollywood and prevailed in a tough contract negotiation. In his first command as a captain during the Black Hawk War Abraham Lincoln overruled his men to prevent the execution of a suspected Potawotami spy. To win his first congressional race, Richard Nixon disingenuously linked his opponent to communist sympathizers, the start of a pattern...