Tuesday, May 12, 2015

TPP Fast-Track Fails Crucial Senate Vote

Wow; who knew (aside from Harry Reid) this would happen! Here's Yves Smith:
Fast Track Authority for Toxic Trade Fails Key Vote in Senate

From Reuters:
Legislation giving U.S. President Barack Obama authority to speed trade deals through Congress failed a crucial procedural test on Tuesday, delaying a measure that may be key to President Barack Obama’s diplomatic pivot to Asia.

In a setback to the White House trade agenda, the Senate voted 52-45 – eight votes short of the necessary 60 – to clear the way for debate on the legislation, which would allow a quick decision on granting the president so-called fast track authority to move trade deals quickly through Congress.

...
I am glad I am not a White House Laundry worker, because I'm certain Obama soiled his underwear over this...

(H/T Enfant, in comments to previous post.)

9 comments:

  1. Obama, by far the most ridiculous President!

    ReplyDelete
  2. Treaties of free trade: the brake application of the American democrats

    ReplyDelete
    Replies
    1. Democrats have to do something to avoid being as ridiculous as Obama...

      Delete
  3. Democrats In Senate Block TPP Fast-Track Authority For Obama
    http://firedoglake.com/2015/05/13/democrats-in-senate-block-tpp-fast-track-authority-for-obama/

    ReplyDelete
    Replies
    1. Enfant, this refusal to grant cloture was the kind of thing Obama claims to love: it was bipartisan.

      Seriously, this was a good lesson for Obama: while few Democrats are as openly liberal as I am, many Democrats are disgusted by the notion of a bill written in secret with input only from corporate insiders. Enough is enough!

      Delete
  4. TTIP/TAFTA et ses investisseurs tout-puissants expliqués en moins de 4 minutes (en français), 3min46sec
    https://www.youtube.com/watch?v=LLi4dej-nwk

    ReplyDelete
  5. With ISDS (Dispute Settlement between investors and states), the TTIP sets up an unfair system that benefits businesses.

    ISDS allows companies to drag governments before private secret tribunals. The cost in terms of public spending are hard to predict. However, one thing is sure, the bill will fall to the European taxpayer.

    ReplyDelete
    Replies
    1. http://action.sumofus.org/fr/a/ttip-ceta-french/

      Delete

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