In a new op-ed for the Hill, AFL-CIO President Richard Trumka explains the key reasons why the Trans-Pacific Partnership is bad for working people, both in the United States and overseas. Trumka describes the deal by saying that "the TPP is a giveaway to big corporations, special interests and all those who want economic rules that benefit the wealthy few."
One of the billionaires crusading to cut working people’s Social Security now has his sights set on making the Trans-Pacific Partnership look like a sweet deal. Hint: It’s not.
Pete Peterson’s think tank, Peterson Institute for International Economics, just released a 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.
The deadline for public comments on the employment impacts of the Trans-Pacific Partnership (TPP) ended Jan. 13, and more 8,400 working people spoke out against it. Here are some highlights from the comments submitted to the U.S. Trade Representative (after the jump).
How do you tell if the 12-country Trans-Pacific Partnership (TPP) is a good deal or a bad one?
Too many supporters of the Trans-Pacific Partnership don’t want to debate TPP on its merits. They want to be able to say, “Trade is inherently good, and the TPP promotes trade, so any thinking person must support it, despite its flaws.” By implying, and often outright stating, that TPP critics are uninformed protectionists who just oppose trade in any form, they attempt to shut down debate. Ever since we were kids on a playground, we have all known that name-calling is a way to shut down debate and not shed light on real issues. So why are so many TPP advocates doing this?
From what we have reviewed so far, we are deeply disappointed that our policy recommendations and those of our trade reform allies in the environmental, consumer, public health, global development and business sectors were largely ignored. The investment rules still provide expansive new legal rights and powers to foreign businesses to challenge legitimate government actions, the labor enforcement provisions are still inadequate to address the enormous challenges posed by this deal and the lack of enforceable currency rules subject to trade sanctions mean the promised new export markets may never materialize.
It’s almost Halloween, which means it’s time for ghosts, goblins and secret trade monsters to rear their ugly heads. Yes, nearly a month after the Trans-Pacific Partnership (TPP) was finalized, America's working people still have incomplete information about the dangers lurking within the text.
We've heard a lot about how great the Trans-Pacific Partnership is. But that's just it, we've heard about it but haven't seen the text. As they say, the devil is in the details.
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