[Hostage]

> “And .. I find it interesting that the DemocRATS in Congress hate the trade deal .. because I think it takes a bite out of UNIONS. That’s what I think is going on.”

Not quite the reason. The real reason is they’re scared of President Cruz getting TPA for expanding conservative-based industries.

Clear as bell at this link (scroll down about a page to where it says “Here’s what this fight is all about”):

http://elizabethwarren.com/blog

[palmer]

Interesting link (Warren). Some old timey anti-capitalism in there, probably some protectionism in disguise. But the pro-trade position is moderate, for Cruz it is one of his few moderate positions (the rest are conservative). Expanding trade is not going to expand "conservative-based" industries (whatever that is). It is going to expand all trade-based industries, which will expand the economy as whole, but result in some losers, mainly those Americans working in trade-based industries who are paid a lot more than foreign workers.

I think moderation in trade policy is disappointing, but not a deal breaker. I would much rather have protectionism by abolishing the corporate income tax.

[CyberAnt]

Okay - thanks - I’ll check it out.