Trans-Pacific Partnership Agreement can be read HERE.
Per The Balance post:
The TPP boosts exports and economic growth, creating more jobs and prosperity for the 12 countries involved. It increases exports by $305 billion per year by 2025. U.S. exports would increase by $123.5 billion, focusing on machinery, especially electrical, autos, plastics and agriculture industries. It does this by removing 18,000 tariffs placed on U.S. exports to the other countries. The United States has already withdrawn 80% of these tariffs on foreign imports. The TPP evens the playing field. The agreement adds $223 billion a year to incomes of workers in all the countries, with $77 billion of that going to U.S. workers. All countries agreed to cut down on wildlife trafficking, especially elephants, rhinoceroses, and marine species. It prevents environmental abuses, such as unsustainable logging and fishing. Those that don’t will face trade penalties.
(Source: US Trade Representative, TPP Fact Sheet)
Most of the gains in income would go to workers making more than $88,000 a year. Free trade agreements contribute to income inequality in high-wage countries by promoting cheaper goods from low-wage countries. That would be especially true of the TPP because it protects patents and copyrights. Therefore, the higher-paid owners of the intellectual property would receive more of the income gains.The agreement regarding patents will reduce the availability of cheap generics, making many drugs more expensive. Competitive business pressures will reduce the incentives in Asia to protect the environment. Last but not least, the trade agreement could supersede financial regulations. (Source: Public Citizen, Eyes on Trade, September 12, 2013)
New York Times, February 1, 2016 by Jackie Calmes – “Economists Sharply Split Over Trade Deal Effects”
Economists from prestigious universities and research institutions have been providing their takes and debating their differences just as intensely, though with more scholarly reserve.
Economists from Tufts University unveiled their study concluding that the pact, called the Trans-Pacific Partnership, would cause some job losses and exacerbate income inequality in each of the dozen participating nations, but especially in the largest — the United States.
CBC News – Joseph Stiglitz, March 31, 2016 – “TPP ‘worst trade deal ever,’ says Nobel-winning economist”Trans-Pacific Partnership should be revised to advance interests of citizens, not corporations, he says.
(Tap on the pictures below to see a relevant article.)
We have had ample opportunity to observe how Governor John Kasich has behaved both during and after his presidential run. Frankly it stinks to high heaven. We also have found out one of his main contributors was George Soros who is basically owned by the Rothschilds according to some sources. The Rothschilds in turn are a big player in the Bilderberg Group.
Less well known but certainly a rising meteor in politics is Atlanta Mayor and lawyer Mohammad Kasim Reed if his media hype can be believed. He is according to news reports one of the wealthiest black leaders in a southern city where Blacks often struggle to make ends meet just like many middle to low income whites. Yet he attended the 2014 Bilderberg Annual Meeting in Copenhagen? Besides his connection to the Muslim community and his income, what could possibly have caused the elitists of the Bilderberg Group to invite a mayor of a single city in the South? That is open to a wide degree of speculation.
They spent at least an hour in a meeting attended by several notables in which Obama outlined and spewed drivel on the TPP meeting just ended. You know the one where China and others chose to treat him with less than “cordial” welcome.”
I have a real problem in that WH briefing even looking at all three as they grinned like hyenas who have fed well on a carcass. Makes me wonder just what Obama has in his plans for the next few lame duck months that has not yet been leaked to the public.
I agree with Trump and the economists on this – TPP is even worse than NAFTA and we thought the Clinton’s way over the top on bad negotiations on that one. By the way, YES Hillary not only backed TPP but had an entire playbook prepared and ready to deliver as she toured the areas of the Pacific and Far East.
Lord help us if those who are part of the TPP do not realize that Obama does not speak for the general citizen population in the US. Because this deal smells to high heaven of Obama’s leftist “cobra oil” cologne. The original negotiations were begun back in 2006 or so but Obama could not help but change and convert the language to his agenda. From what I can piece together, TPP is basically a binding one world agreement that has no individual rights for countries but governed and run roughshod over by one international group despite or in place of the laws of the countries.
I guess we have to stay tuned to see the next installment of “As the Worms Turn” – or NOT!