Archive for February 19th, 2013

The Trans Pacific Partnership (TPP) is another free trade income redistribution treaty that Kills Jobs. The President’s State of the Union address contained a number of great proposals, but his call for a massive new Free Trade Agreements wasn’t one of them. The Guardian of the UK calls it a “Nafta on steroids” and a constitutional endrun.

In his speech, President Obama claimed that the Trans-Pacific Partnership will “boost American exports, support Americans jobs and level the playing field.” Please take action now to let Congress know you don’t buy it.

The legacy of trade pacts on which the TPP is modeled has clearly been one of job destruction, not job creation.

Since the Korea-US Free Trade Agreement was implemented during President Obama’s first term, our bilateral trade deficit is up and U.S. exports to South Korea are down. Before that, China’s entry into the World Trade Organization caused our deficit with that country to skyrocket. And before that, the North American Free Trade Agreement (NAFTA) converted a U.S. trade surplus with Mexico into a large trade deficit. Jobs are shipped overseas, and the products once produced in the US are exported to the USA. There goes our tax base that supports schools, fire, police, roads and other government services. The difference between the old, higher US wages and the new, lower wages over there go straight into the pockets of the rich via higher corporate earnings, surging share prices and rocketing dividends. These agreements are why the US 1 percent receives have stolen…..

All this means the loss of livelihood for hard-working American families and an increase in sweatshop working conditions throughout the globe. There is zero evidence that the Office of U.S. Trade Representative has taken these lessons to heart. Instead, leaked texts suggest that the TPP will become a “NAFTA on steroids.”

Congress should not delegate away its constitutional authority to ensure trade agreements work for most Americans. It must oppose Fast Tracking the TPP. Instead, Congress should set mandatory trade negotiating requirements that protect fundamental labor rights; eliminate “investor-state” offshoring incentives; maintain “Buy American” government procurement policies; safeguard against currency manipulation; and include strong Rules of Origin.

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