Showing posts with label Trade Deal. Show all posts
Showing posts with label Trade Deal. Show all posts

Wednesday, June 17, 2015

Plan B: Wait for the next president!

June 17, 2015 Alex Brown , Daniel Newhauser 0 Comments
House Buys More Time on Trade, but Still Doesn't Have a Plan

By Daniel Newhauser and Alex Brown, Jun. 15, 2015, National Journal

The good news for trade supporters is that House Republicans just bought themselves more time to complete their agenda. The bad news is they still don't know what to do with it.

The House punted on a stalled trade deal Monday, leaving President Obama's key domestic-policy priority unresolved, just days after the chamber shot down a key piece of the deal.

The House Rules Committee approved a rule—which still must be passed by the full chamber—allowing the House until July 30 to reconsider Trade Adjustment Assistance, an aid and job-training program that failed last week when anti-trade Democrats voted with Republicans who do not like government aid programs to reject it. The measure is seen as a crucial component to passing Trade Promotion Authority, a fast-track mechanism that would grease the wheels for Congress to pass the sweeping, secretive Pacific Rim trade deal later this year.

House Speaker John Boehner spoke with Obama by phone Monday, although neither office revealed details of the call. Nevertheless, it is clear that Boehner and his leadership team want the administration to work harder to draw Democrats to the table.


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Monday, June 15, 2015

Pledge, What Pledge?

June 15, 2015 Anti-Tax Pledge , Breitbart 0 Comments
GOP Leadership’s Latest Obamatrade Ploy Revealed: Small Business Tax Hike That Violates GOP’s Anti-Tax Pledge

By Alex Swoyer, Jun. 14, 2015, Breitbart

Establishment Republicans desperately trying to secure the passage of Trade Promotion Authority (TPA), which would give President Obama fast-track authority to secure congressional approval of at least three secretive trade deals, are now willing to increase taxes on small businesses in a way that would violate a pledge almost every Republican Congressman has taken when elected into office.

To secure final passage through Congress of a package that would include TPA fast-track authority—which would ensure finalization of the secretive Trans Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (T-TIP) and Trade in Services Agreement (TiSA), among other deals—the House would need to pass the Trade Adjustment Assistance (TAA) package that was necessary for Senate passage of TPA. 

The House voted TAA down 302-126 with widespread bipartisan opposition to last week, but House Ways and Means Committee chairman Rep. Paul Ryan (R-WI) and his allies in House GOP leadership have pledged that they will try to pass it again early next week. The vote would potentially be on Monday, but more likely on Tuesday—and if there is no vote by Tuesday, it’s unlikely that Ryan will be able to succeed in his ploy to revive TPA.

More: www.breitbart.com

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Sunday, June 14, 2015

Hey, He's Running Out The Clock

June 14, 2015 Associated Press , Jim Kuhnhenn 0 Comments
Trade Loss An Ominous Sign For Obama In Month Of Challenges 

By Jim Kuhnhenn, Jun. 13, 2015, Associated Press

WASHINGTON (AP) -- The trade defeat in Congress was an ominous sign in a month of challenges that could help determine President Barack Obama's standing for the rest of his second term.

Fellow Democrats rebuffed last-minute appeals to rescue his global trade agenda, and the House seriously damaged Obama's chances of capping his presidency with a groundbreaking economic pact involving Pacific Rim countries.

Obama also is awaiting a Supreme Court decision that could upend his health care law, and he faces a June 30 deadline to conclude an accord that aims to curb Iran's nuclear ambitions.

Friday's setback was the result of a complicated legislative strategy that linked passage of trade negotiating powers for the president with a measure that would provide training and assistance to American workers who lost jobs because of trade.

More: www.ap.org

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Saturday, June 13, 2015

It's Baaack!

June 13, 2015 Breitbart , Trade Deal 0 Comments
Sessions: ‘A Vote For Taa Next Week Is A Vote To Send Fast-Track To The President’s Desk’

By Breitbart News, Jun. 12, 2015

It appears there will be another attempt by Tuesday to force through new executive powers for President Obama. A vote for TAA next week is a vote to send fast-track to the President’s desk and to grant him these broad new executive authorities. If that happens, it will empower the President to form a Pacific Union encompassing 40 percent of the world’s economy and 12 nations—each with one equal vote. Once the union is formed, foreign bureaucrats will be required to meet regularly to write the Commission’s rules, regulations, and directives—impacting Americans’ jobs, wages, and sovereignty. The union is chartered with a “Living Agreement,” and there is no doubt it will seek to expand its membership and reach over time.

Fast-track will not only apply to the Pacific Union, but can expedite an unlimited number of yet-unseen international compacts for six years. There are already plans to advance through fast-track the Trade in Services Agreement, the goal of which includes labor mobility among more than 50 nations, further eroding the ability of the American people to control their own affairs.

Americans do not want this, did not ask for it, and are pleading from their hearts for their lawmakers to stop it.


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Well, He Ran AGAINST Free Trade, You Know

June 13, 2015 IBD Editorials , Trade Deal 0 Comments
Trade Defeat A Failure Of Presidential Leadership

By IBD Editorials, June 12, 2015

Leadership: House Democrats handed President Obama a stinging defeat on Trade Promotion Authority Friday, halting the necessary presidential authority to negotiate new treaties. Obama has no one to blame but himself.

President Obama has had at least three years to get his ducks in line in Congress to ensure passage of Trade Promotion Authority, commonly known as fast track, a routine authority to ensure that a president has the capacity to complete proposed trade deals, such as the 12-nation Trans-Pacific Partnership, which is wrapping up after years of talks.

Instead, his TPA bill went down in flames with Friday's House vote, mostly because his fellow Democrats' refused to support it. That speaks to a failure in presidential leadership on free trade rare in U.S. history.

Yes, Obama's fellow Democrats, voting en masse against him — and not the scattered Republican opponents — did him in. House Speaker Nancy Pelosi, ebullient in victory, now becomes the face of the Democratic Party once again because Obama never forged the necessary ties to his own party to ensure passage.

It was a remarkable vote because Democrats were actually willing to employ scorched earth tactics on something they valued to ensure that Obama didn't get TPA.

More: www.investors.com

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