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“Free Trade” was in the news this Memorial Day weekend. President Obama is pushing hard for “fast track” approval of his Trans-Pacific Partnership (“TPP”) Agreement, calling for a simple up or down vote without the possibility of amendments or floor debate.
The New York Times reported that Senate Majority Leader Mitch McConnell has forged a “rare alliance” with the president to push the trade legislation. Senate Finance Committee Chairman Orin Hatch has been quoted as saying, “it shows that when the president is right, we will support him.” (Never mind that Hatch has also been quoted as saying: “I don’t know fully what’s in TPP myself.”)
Dear Mr. President: With all due respect, how do you spell RED FLAG! Read More.
Our Comments : Capital Institute Blog - June 14, 2015
Just another BIG step
backwards for America and more importantly its people, as at mere face value
there are numerous serious and extremely negative consequences to this policy
action and content.
points and concerns -
Exacerbation of the erosion of American jobs, indigenous industrial base and
middle class.. With this, erosion of national competitive advantage resulting
in increasing national, state and individual security risks. plus deep economic
Continued dilution of democracy, constitutional powers and rights including
those embedded in state and local authorities.
Excessive immigration and population leakage , putting increased pressure on
social structures, wages, pensions and healthcare system creating more massive
debt financing plus extreme social tensions, Then of course there are those
fiscal budgets for states and cities.
Increased concentration of power with international oligarchs, banks and
related military industrial complex whose goals and objectives are oriented
solely towards self-interest; with no concern whatsoever for enlarging
greater national principles of , by, for and with the people.
More erosion and diversion in the physical and conceptual resources needed to
resolve imminent key pending issues that could be catastrophic to the country,
economy and world-wide survival interests - including but not limited to ;
climate change, resource depletion, degradation of bio-sphere and its
diversity, wildlife extinction, toxoplasmosis containment, carbon exponents,
ocean acidification and on...
Importation of disease, crime, extreme social and civil unrest from politically.
socially ,culturally and economically destabilized regions and countries - who
will be attracted to move their worst or
best? These also create great excessive hidden and future costs for
federal, state and local fiscal budgets
All of this, is just for starters off the top - there is just no way in the
universe that you could "realistically" dream up positive reasons and
rhetoric that creates a subjective benefit that outweighs the long list
of object negative consequences associated with expanding free-trade agreements
to the southern hemisphere . THEY ARE ALLLIES!!! Probably they are based on plans with
immediate geopolitical or geoeconomic self-interests in mind. Not the people's
long term goals.
To say the least; in my opinion, the world has changed dramatically over the
past fifty years , and such economic free trade policies are not only
intellectually deprived (no clear and
valid metric), but they are foolhardy and archaic approaches that place
longer-term national and individual security and economic interests in
sad, and this is just the "very short and prompt story "on this
extremely misguided and incoherent legislation