Wednesday, May 13, 2015

Fast Track Fails - Then Is Revived

Huzzah !!! Fast track of TPP has failed:

Barack Obama’s ambitions to pass sweeping new free trade agreements with Asia and Europe fell at the first hurdle on Tuesday as Senate Democrats put concerns about US manufacturing jobs ahead of arguments that the deals would boost global economic growth.


A vote to push through the bill failed as 45 senators voted against it, to 52 in favor. Obama needed 60 out of the 100 votes for it to pass.


Failure to secure so-called “fast track” negotiating authority from Congress leaves the president’s top legislative priority in tatters.


It may also prove the high-water mark in decades of steady trade liberalisation that has fuelled globalisation but is blamed for exacerbating economic inequality within many developed economies with the outsourcing of manufacturing jobs. Internet activists had said the deal would curb freedom of speech, while other critics charged it would enshrine currency manipulation.


http://www.theguardian.com/us-news/2015/may/12/obama-trans-pacific-partnership-senate-vote


Let's all pray that the demon Obama ad-Dajjal doesn't find another way to get this horrible thing implemented.


Update: It didn't take long for fast track to get back on track, did it?

http://www.washingtontimes.com/news/2015/may/13/trade-bill-revived-bipartisan-deal-sets-new-votes/

In case you're not getting it, "our" Congress is betraying us in this matter (and several others). The "deal" they made in return for restoring fast track on TPP is meaningless. It will do NOTHING to prevent what TPP will do to us.

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