Derail Trans-Pacific Pact

Democratic members of Congress need to stiffen their spines and, when it comes to vote on fast-tracking consideration of the Trans-Pacific Partnership, they must say no to President Obama. Principled conservative Republicans also ought to reject the threats to national sovereignty that the trade pact represents.The TPP has been negotiated behind closed doors for more than six years, but Senate Finance Committee Chairman Orrin Hatch (R-Utah) has said he wants to reintroduce a bill granting Fast Track Authority in February to grease the skids for the trade deal.Fast Track Trade Authority was created in 1974 by President Richard Nixon to minimize public debate and congressional oversight on trade deals. It has been used 16 times since then, often to enact controversial trade pacts, such as the North American Free Trade Agreement and establishment of the World Trade Organization. Those deals made it easier to move manufacturing jobs out of the United States and they also lowered trade barriers to let foreign manufacturers export their goods into the United States, Public Citizen’s Global Trade Watch noted.Read More.Source: The Progressive Populist/Editorial