Obamatrade Isnt The Next NAFTA. But... - Daily Beast
On Friday, the House will vote on fast-track authority for the looming Trans-Pacific Partnership trade deal. If the fast-track vote passes it would in essence mean that Congress couldn’t tinker with the substance of the deal the administration has negotiated. It’s about the degree to which groups that have spent the last couple of generations feeling pretty powerless in American politics—labor and liberals—feel they can believe the assurances of people who know very well that they (labor and liberals)... Think about it. if you’re involved in a negotiation and you don’t have real leverage and another person is assuring you “don’t worry, I’ll take care of you,” why would you believe them, especially when, in the only other comparable high-stakes... I think both of these things are largely true, and so there is much evidence to support the Obama administration’s claims that this deal really will be different from NAFTA. But many liberal Democrats simply refuse to believe a word of it. Their skepticism is given weight by virtue of the fact that the debate is wholly prospective, because it’s all about what would happen under a TPP regime that right now exists only... Source: www.thedailybeast.com
