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Wednesday, August 31, 2016

President Obama Plans Lame Duck Passage of TPP

President Barack Obama still intends to pass the Trans-Pacific Partnership (TPP) in the “lame duck session” after the November election, theNew York Times reports, despite opposition from both major party presidential nominees.

Research by economist Josh Bivens demonstrates that from the time Bill Clinton became President in 1992, imported goods from third world low-wage countries almost tripled from 3.1 to 8.4 percent of GDP by 2011.

The vast majority of that increase in U.S. imports is directly related to Clinton’s negotiation of the North American Free Trade Agreement and the granting of Most Favored Nation status to China.

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1 comment:

Anonymous said...

He does what he is told to do.
No less. No more.
He has bosses.