On Friday, July 31 the negotiators from twelve nations announced in Maui that negotiations for the Trans-Pacific Partnership (TPP) had reached a roadblock. The TPP is massive income redistribution scam for the 1 percent, and particularly for Wall Street, major corporations and their overpriced CEOs and their shareholders, but it is being falsely marketed as a trade agreement.
President Obama wants to be able to deliver this scam before the upcoming elections so that Wall Street and major corporations who stand to gain at the expense of the 99 percent will open up its pockets more to Democratic candidates. However, as the Democratic base realizes this president and many of his Democratic cronies, such as Wall Street Senator Ron Wyden, has sacrificed their interests and redistributed their income and wealth to the 1 percent over and over again, along with Obama’s Republican party cronies (think Mitch McConnell, Orrin Hatch, John Boehner, etc…, the Democratic base has been abandoning ship.
In other words, the Democratic machine might get the cash to compete on television advertisements with the Republican machine if Obama and his henchmen like Wall Street Senator Ron Wyden can deliver the TPP, but in doing so, the Dems will have fewer and fewer votes on which it can count on. So the party will lose more seats in the US senate and the house of representatives.
That means the party base in shrinking and it doesn’t matter how much money the Democratic leadership can conjure up. They will continue to lose voters as more and more of the base can no longer discern any significant difference between the Democratic and Republican parties on bread and butter issues.
Trying to rally the base with social and international issues, such as the Iran nuclear deal, the liberalization of relations with Cuba, and gay marriage, will be less and less effective in helping to win elections if the sole purpose of the party on economic matters is to continue to impoverish the base with scams like the TPP.
According to CNN the negotiations broke down over the following:
Canada is balking at opening its dairy market for more imports — a key demand not just of the United States but also of New Zealand, where dairy giants like Fonterra are eager to expand the country’s top export.
In Japan, the United States wants easier access for its agriculture and automotive companies, but Prime Minister Shinzo Abe faces a legislature strongly influenced by small rice farmers. Long-standing foreign auto trade barriers are difficult to tear down in that country.
And the United States’ push for 12 years of patent protection on pharmaceutical drugs is tripping up poorer countries — such as Malaysia and Vietnam — that fret they’d face public health challenges without access to cheaper generics.
Critics in manufacturing states have said the deal should include a crackdown on countries that manipulate the value of their currencies to give their exports a price advantage in the United States. That, though, is a non-starter and would halt the deal’s progress entirely, negotiators from several countries have said.
Read Full Post »