FOR IMMEDIATE RELEASE February 05, 2016 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington ~ The federal government announced today that the US trade deficit worsened yet against last December. Modern trade deals continue to cause failures in US trade performance and loss of dynamic, diverse manufacturing and agricultural supply chains. Here are the relevant points from…
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Economic theory holds that removing trade barriers among nations should increase global wealth. But the proposed 12-nation Trans-Pacific Partnership that Congress must soon give a straight up-or-down vote threatens our liberties as Americans and is likely to add almost nothing to U.S. economic growth. [David Cay Johnston| February, 04 2016 | Aljazeera America] I have…
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Pete Peterson’s think tank, Peterson Institute for International Economics, just released study in January 2016 predicting great economic growth from the TPP. But the PIIE methods are so detached from reality that the conclusions are wrong. Here are the reasons why. [Celeste Drake| February, 03 2016 | AFL-CIO] 1) The Peterson study follows the North…
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Isn’t politics just great? Politicians aren’t exactly known for their honesty on things, often saying things to voters just to get elected. But Hillary Clinton’s views on the Trans Pacific Partnership (TPP) agreement have received quite a lot of scrutiny. After all, while she was at the State Department, she was a strong supporter of…
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DES MOINES, Iowa — Donald J. Trump, a billionaire and currently the front-running 2016 GOP presidential candidate, made the case exclusively to Breitbart News on Saturday that the only way to stop Obamatrade is to elect him President of the United States. [Matthew Boyle| January, 30 2016 | Breitbart] Obamatrade is the combination of and intersection…
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A group of economists studying the Trans Pacific Partnership (TPP) have concluded that the sweeping trade agreement will have a net negative impact on the US economy. [Sam Sacks| February, 02 2016 | TruthOut] Economic researchers with Tufts University’s Global Development and Environment Institute said Monday that widely cited projections claiming the TPP will boost…
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President Obama and Republican congressional leaders during a closed-door meeting at the White House on Tuesday (Feb. 2) agreed to continue discussions on the path forward for the Trans-Pacific Partnership (TPP) in Congress after they were unable to bridge the gaps in their positions on when the deal should come up for a vote. [Daily…
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WASHINGTON — Lawmakers and presidential candidates are having their say about the 12-nation Pacific Rim trade accord that is President Obama’s top economic priority in his final year in office. But lately the liveliest debate over the deal is among blue-ribbon economists. [Jackie Calmes| February, 1 2016 | The New York Times] On Monday, it…
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Factory workers in the old Soviet Union had a cynical joke: “We pretend to work. They [the bosses] pretend to pay us.” Similar logic applies in the world trading system. Washington pretends to write the rules; other nations pretend to obey them. [Eamonn Fingleton| February, 1 2016 | Forbes] For two generations already, increasingly pathetic American trade…
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The NYT had an article on different trade models that are being used to predict the impact of the Trans-Pacific Partnership (TPP). It reported on the projections from a model from the Peterson Institute which shows that the TPP would add 0.036 percentage points to the annual growth rate over the next 14 years. On the other…
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