from The Daily Bell:
Help American Workers. Pass TPP … Hillary Clinton and Donald Trump have both said they will oppose the Trans-Pacific Partnership, a trade pact between the U.S. and 11 nations negotiated by the Obama administration and signed in February. But their views shouldn’t matter much, because the issue should never get to the next president’s desk. Congressional consideration of the agreement has been delayed long enough. Congress should vote on the bill — and pass it — before the year is out. – Bloomberg
Mike Bloomberg wrote an editorial boosting the Trans Pacific Partnership TPP. This is just one of three “trade agreements” that are putting in place a 21st century global sociopolitical and economic structure.
Bloomberg is a multi-billionaire and he understands the benefits that the upcoming structure will bestow on a relative handful of people including himself.
And so he supports these agreements.
Anti-trade sentiment has made it fashionable for candidates to oppose TPP. But while a vocal and energized faction of voters on the left and right advocate protectionist measures, most Americans — including majorities in both parties and among independents — believe more trade is good for the American economy.
So do nearly all economists and a large majority of the business and agriculture communities. Global trade opens up new markets to American businesses, creating new opportunities to grow. In fact, the U.S. actually runs a cumulative trade surplus in manufactured goods with our 20 trade agreement partners, and we’ve long run global trade surpluses for services and agricultural products.
This sounds fine but it has little to do with what is actually going on.
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