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Obama confident trade deal will pass Congress
The Hill ^ | May 23, 2016 | Jordan Fabian

Posted on 05/23/2016 6:04:47 AM PDT by maggief

President Obama said Monday he’s confident that Congress will overcome election-year gridlock and approve the Trans-Pacific Partnership (TPP) trade agreement.

Obama acknowledged during a news conference in Vietnam that passing trade deals is tough, especially during a political campaign when the issue is hotly debated.

“Having said that, I remain confident we're going to get it done,” he told reporters. “It's good for the country. It's good for America. It's good for the region. It's good for the world.”

Obama is looking to reassure Asian nations that the deal is still on track for passage, despite growing political opposition to it in the U.S.

The trade deal, which was finalized last fall, is the biggest piece of the administration's emerging relationship with Vietnam, a Cold War-era foe. Persuading Congress to ratify the 12-nation trade deal is near the top of Obama’s final-year agenda.

But the deal has drawn opposition from members in both parties in Congress along with the leading Democratic and Republican presidential candidates, Hillary Clinton and Donald Trump.

Critics of the deal say it could lead to American firms shipping jobs overseas to countries with lower wages, including Vietnam. They also have said the labor and environmental protections in the deal are not strong enough.

Despite the dwindling time left on this year’s congressional calendar and reluctance from House and Senate leaders to hold a vote on the package, Obama insisted the Pacific Rim trade pact has a strong chance of passage.

“The politics of it will be noisy,” he said, adding that was true for past trade deals with Panama, Colombia and South Korea.

“But we got them done. And I'm confident that we'll get them done this time, as well, although there will be ups and downs and bumps along the way.”

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: obamatpp; tpp
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To: maggief

TPP = Traitorous Poison Pill.


21 posted on 05/23/2016 7:11:35 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: maggief

This would be dead in the water except that the enabling legislation was passed with the cloture vote of the Consistent Constitutional Conservative Ted Cruz.

Some people still don’t see what a fraud he is.


22 posted on 05/23/2016 7:23:50 AM PDT by Lurkinanloomin (Know Islam, No peace - No Islam, Know Peace)
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To: Lurkinanloomin

How is Ted Cruz Voting?


23 posted on 05/23/2016 7:31:50 AM PDT by scooby321 (o even lower)
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To: scooby321

Undoubtedly he will vote no this time to appear conservative, but it would already be dead if he had not voted for cloture on TPA.


24 posted on 05/23/2016 7:36:12 AM PDT by Lurkinanloomin (Know Islam, No peace - No Islam, Know Peace)
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To: Oldexpat

Yes Asians are real smart. They know a sucker when they see one.


25 posted on 05/23/2016 7:39:26 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: maggief

translation: the elites have arranged for a cramdown in the lame-duck session, no matter how the election goes.


26 posted on 05/23/2016 8:52:28 AM PDT by Buckeye McFrog
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To: maggief

Of course it will pass. The GOP will be falling all over themselves to ram this atrocity through. Just think of all of the places that have even cheaper slaves than the chinese for the crony globalists to exploit.


27 posted on 05/23/2016 9:38:36 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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