by Dave Johnson
Thursday, February 04, 2016
As the Trans-Pacific Partnership (TPP) “free-trade” agreement was signed in New Zealand by representatives of the 12 participating countries, Democratic presidential candidate Bernie Sanders strongly voiced his opposition and committed to doing what he can to kill the deal if he is elected president.
Rival Hillary Clinton has also stated opposition to the TPP, but will she also vow to kill it if elected?
Sanders Vows To Kill TPP
Saying that TPP follows in the footsteps of failed trade agreements like NAFTA, CAFTA, and Permanent Normal Trade Relations (PNTR) with China, Sanders promised to “fundamentally rewrite our trade policies to benefit working families, not just the CEOs of large, multinational corporations.”
He said that supporters of these agreements have sold them as creating jobs, but over and over again, they have been proven dead wrong.
President Bill Clinton sold NAFTA in 1993, saying it would create a million American jobs over a five-year period. Instead, NAFTA led to the loss of close to 700,000 jobs.
The conservative Cato Institute said that the trade deal with China would create far more export opportunities for America than the Chinese. Instead, the trade deal with China has led to the loss of 3.2 million jobs, and enormous, humongous and continuing trade deficits with that country.
Since 2001, nearly 60,000 manufacturing plants in this country have been shut down and we have lost over 4.7 million manufacturing jobs. If the workers find new jobs at all, they are usually lower-paying.
Sanders said at the press conference, “Trade is a good thing. But trade has got to be fair. And the TPP is anything but fair.”
Sanders vowed to kill TPP if elected, saying, “As your president, not only will I make sure that the TPP does not get implemented, I will not send any trade deal to Congress that will make it easier for corporations to outsource American jobs overseas.”