Tag Archives: trade

The Trans-Pacific Partnership is on the way out, so why aren’t greens cheering?

That’s how new news site Axios described it Monday morning, and the news has just gotten worse since then.

A leaked copy of the Trump team’s plan for the EPA calls for slashing its budget, “terminating climate programs,” ending auto fuel-economy standards, and executing “major reforms of the agency’s use of science and economics.”

The Trump administration has frozen EPA grants and contracts, cutting off funding for everything from cleanup of toxic sites to testing of air quality.

EPA employees have been ordered not to share information via social media, press releases, or new website content, Huffington Post reports.

It’s unclear which of these changes are temporary — just in place until Trump’s nominee to head the EPA, Scott Pruitt, gets confirmed — and which might be put in place more permanently.

More bad news for the EPA will be coming: A new team that Trump has put in place to shift the agency’s direction includes three former researchers from Koch-funded think tanks, one former mining lobbyist, and a number of people who have argued against climate action, according to Reuters. And Trump is poised to issue executive orders to weaken pollution rules and cut agency budgets, Vox reports.

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The Trans-Pacific Partnership is on the way out, so why aren’t greens cheering?

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Donald Trump Hopes the EU Collapses

Mother Jones

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Donald Trump is giving interviews this weekend! Here’s what he has to say:

His health care plan, which is almost down to the “final strokes,” will provide “insurance for everyone.”
He wants to give Medicare the power to negotiate drug prices.
He thinks more countries will leave the EU, and that’s fine with him. He believes the EU is just a Trojan Horse for German domination of trade, which makes it bad for America.
If BMW opens a plant in Mexico, he’s going to hit them with a 35 percent import tariff.
He wants to do a deal with the Russians. Perhaps he’ll lift sanctions on Russia in return for a reduction in nuclear arms.1
Jared Kushner is a genius who will negotiate peace in the Middle East.2
He’s going to keep using Twitter in the White House in order to communicate directly with his fans.3

I guess that’s it for now. I can’t wait to see Trump’s health care plan, which is apparently going to provide far better coverage than Obamacare and cost a lot less. Whatever it turns out to be, I’ll bet Democrats will be kicking themselves for not thinking of it first.

1So Russia gets its sanctions lifted and gets to save money by paring back its expensive and useless nuclear arsenal. Maybe I’m just being obtuse, but it’s not clear to me what the US gets out of this deal.

2This is just a wild guess on my part, but I’ll bet Kushner has never spoken to a Palestinian leader in his life and doesn’t have the slightest clue what they want from any kind of peace agreement.

3This is something that too many people continue to misunderstand. Trump’s tweets aren’t meant for the press or for Congress or for you and me. They’re meant for his true believers. You should always read them with that in mind.

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Donald Trump Hopes the EU Collapses

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A Trump Tariff Wall Would Help a Little, But Hurt a Lot

Mother Jones

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So let’s suppose that Donald Trump really does impose a 10 or 15 percent tariff on all goods entering the United States. Or maybe only Chinese and Mexican goods.1 What would happen? Who would be the winners and losers?

The simplest way to think about this is to remember what happens when tariffs are reduced. Textbook economics says that overall GDP will grow, prices will go down, but certain groups of people will be disproportionately harmed. So if tariffs are increased, the opposite should happen. Economic growth would suffer, prices would go up for most people, but certain groups would benefit. It’s not always clear what those groups are, but generally speaking workers in the sectors most vulnerable to foreign competition would probably benefit: textiles, clothes, shoes, rubber products, computer assembly, and so forth.

That’s the theory, anyway. The reality is sometimes different. Free traders, for example, often point to the example of automobile tires. In 2009, President Obama slapped a huge tariff on Chinese tires in order to protect the US tire industry. The chart on the right shows what happened: other countries rushed to fill the void and tire imports skyrocketed. The usual estimate is that about 1,200 jobs were saved at a cost to US consumers of $1.1 billion. That’s $900,000 per job, which is obviously a bad deal, but it’s also a diffuse deal. Unions and tire workers were happy regardless of how things turned out, while consumers probably barely noticed that they were paying an extra dollar per tire.

If Trump enacted a tariff only on China, this is roughly what would happen: some of China’s business would move to other countries, and net US imports would stay about the same. China would lose, other countries would gain, and in America it would be a wash.

But what if Trump enacted a 10-15 percent tariff across the board on every country? Economically, that would act like a sales tax on foreign goods. Prices would go up, which would allow American companies to increase production in sectors where a 10-15 percent advantage was enough to make them competitive.2 The exact way this would shake out depends on the elasticity of demand for various goods, but in the end American workers in certain sectors would almost certainly make gains, while all American consumers would pay higher prices. Is this tradeoff worth it? I’d say no, but plenty of people would disagree.

That’s the 100-thousand-foot view, anyway. In real life, other countries would almost certainly retaliate—maybe via tariffs of their own, maybe in other ways. Boeing, for example, usually suffers when the Chinese get annoyed with us, because Chinese airlines develop a sudden fondness for Airbus planes. Or the authorities in Beijing could make life harder for American companies doing business in China. Or they could get nasty in any of a dozen other ways. Ditto for the rest of the world, which would appeal to the WTO at best and retaliate with their own trade barriers at worst.

And no matter what the rest of the world did, American companies would face headaches for years as they tried to rework their supply chains, which are global for nearly every product you can think of. American products use lots of parts made overseas, and lots of overseas products use parts (and services) from America. For example, a San Francisco Fed paper estimates that 55 percent of the value of Chinese goods is actually US content. To make this concrete, think about iPhones: If China ends up making fewer iPhones, that also means fewer jobs for the Apple sales force and lower sales for the plant in Texas that makes iPhone processors. The whole thing is a mess—and it’s especially a mess if companies have no assurance about how long the tariffs will stay around or what’s around the corner from the rest of the world as they figure out ways to get back at us.

The bottom line is this:

The impact on workers in certain sectors would be anything from negative (in the case of a big trade war) to fairly positive (if the tariffs worked and the rest of the world decided to ride it out).
Prices would go up for everyone. And since low-income workers buy more goods as a share of their income, higher prices would hit them the hardest.
Economic growth would almost certainly slow down.

Most likely, Trump’s tariffs would be a bad deal for nearly everyone, and maybe—maybe—a good deal for a few workers and CEOs in the sectors that have been hardest hit by foreign competition.

More generally, you can’t really talk about “trade” in the abstract. Basically, there’s China and there’s everyone else. China is our big problem, but the trouble with retaliating against China is that it’s too late. We have lost a lot of jobs to them, but the damage was mostly done years ago. By the time Obama took office there was little he could do, and there’s even less that Trump can do now. It’s also true that China was a bad actor on the world economic stage for a long time. But again, their worst practices are mostly in the past. Their export subsidies are fairly low these days, and their currency manipulation is mostly to push the yuan up, not down. This benefits America, not China.

There is one best-case scenario, though: Trump threatens the Chinese and ends up getting some concessions from them without ever enacting any tariffs. Is that likely? I guess that depends on how good a negotiator you think Trump is. Unfortunately, his record in the business world doesn’t give much cause for optimism on that front.

1Yes, he could do it. Details here.

2For example, if China makes clocks for $2 and America makes clocks for $3, a 15 percent tariff wouldn’t do anything for American clockmakers. Even at a Chinese price of $2.30, Americans still couldn’t compete. However, consumers would end up paying $2.30 for clocks instead of $2.

On the other hand, if China makes cars for $9,000 and America makes cars for $10,000, a tariff could have a big effect. Chinese cars would now cost $10,350, and that means consumers would buy a lot more American cars. Unless, of course, they really prefer the Chinese cars even at a higher price. It all depends, you see.

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A Trump Tariff Wall Would Help a Little, But Hurt a Lot

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ERP Blogstorm Part 2: Education

Mother Jones

Part two of our series of charts from the Economic Report of the President is all about higher education. First off, here’s the college premium over time:

When I graduated from my local state university in 1981, I had no debt because attending public universities was practically free. On the other hand, my earning prospects were only about 20 percent higher than a non-college grad. Today, college grads often have tens of thousands of dollars in debt, but their earning prospects are 70 percent higher than non-college grads. So who got the better deal? That’s not entirely obvious.

Next up is a different measure of the value of a college education:

This helps answer the question, “How high can university costs go?” The answer is, “Pretty high.” Even with higher tuition, college is still a great deal. A bachelor’s degree, on average, pays off nearly 10:1. That means there’s a lot of room to raise tuition and still provide enough of a bargain that anyone who’s qualified will be willing to pay. Treating higher education this way may be a bad idea, but nevertheless, this chart suggests that states can continue to raise prices if they want to.

The first two charts have been all about nonprofit schools: community colleges, state universities, and private universities like Harvard and Morehouse. But for-profit institutions—which are typically trade schools—have exploded over the past three decades:

The number of trade schools has skyrocketed since 1987, from about 300 to well over a thousand. And that brings us to our final chart:

At first glance, this chart seems odd: the students with the smallest debt have the highest chance of defaulting. There are multiple things going on here, but the biggest one is that a lot of these students attended trade schools for a semester or a year and then dropped out. Their debts aren’t the biggest, but with not even a trade school certificate they can only get low-paying jobs that make it very hard to pay back their loans.

Too often, for-profit schools cajole people into signing up with promises that the government will pay for everything. Unfortunately, a lot of their students just aren’t suited for further schooling, so they drop out and end up with less than nothing: no certificate, and a big chunk of debt. The trade schools themselves don’t care much, since they get paid whether anyone graduates or not, but it’s a helluva bad deal for the students who end up broke. This is why President Obama’s recent crackdown on the worst offenders among for-profit trade schools is so welcome.

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ERP Blogstorm Part 2: Education

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Tom Vilsack Is a Little Worried That Trump Forgot the USDA Exists

Mother Jones

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While writing this post about the chaos surrounding the US Department of Agriculture transition, I was tempted to title it, “What the hell is Trump getting up to at the USDA?” Apparently, outgoing USDA chief Tom Vilsack has the same question.

In its emailed morning news roundup for December 14—you can listen to the audio version here, starting at the 32 second mark—the trade journal Agri-Pulse reported on its recent exit interview with Vilsack. In it, he took a poke at the Trump transition team. The USDA chief expressed disappointment that Trump has yet to appoint his successor and complained that “we haven’t had much activity from the transition team,” even as his own staff has been developing materials to prep the new team for taking over the agency.

“I think we’ve had one person here for a few hours and then that person was told he couldn’t do the job,” Vilsack said, an apparent reference to Michael Torrey, the food industry lobbyist Trump tapped to lead the USDA transition a month ago. Torrey abruptly quit a week later after Trump announced a ban on lobbyists working in the transition.

“And then we had a second person and we’ve seen him like once, and that’s it,” Vilsack added. That would appear to be a reference to Joel Leftwich, who took over the role of USDA transition a few days after Torrey’s exit. In addition to his transition duties, Leftwich now works for the Senate Agriculture Committee, but he served as Pepsi’s top DC lobbyist from 2013 to 2015.

“It’s a little puzzling why, given the magnitude and the reach of this department, that people haven’t been more engaged, given the opportunity to learn,” Vilsack said.

Meanwhile, Trump isn’t close to deciding on who he’ll tap to take over from Vilsack, reports the trade journal Southeast Ag Net. Mounting speculation recently settled on Sen. Heidi Heitkamp (D-N.D.) as the likely pick, but that crumbled Monday, with reports of dissension among Trump’s ag advisers and whispers that Heitkamp would decline the job anyway.

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Tom Vilsack Is a Little Worried That Trump Forgot the USDA Exists

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Donald Trump Is Once Again the Day Trader in Chief

Mother Jones

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Early this morning Donald Trump launched another one of his famously random tweets:

The F-35 program is pretty famously over budget. I don’t think anyone will argue with Trump about that. But Christopher Bouzy asks an interesting question. Here’s a chart showing Lockheed Martin’s stock price today:

Bouzy wonders if someone profited by knowing about Trump’s tweet a few minutes before it went out. This is a reasonable suspicion if you look at tweeting and trading times down to the minute, but if you look at them down to the second you get a different picture. Trump’s tweet went out at 8:26:13 and there were a flurry of small trades ten seconds later, followed by a second flurry three seconds after that. This caused Lockheed Martin’s price to drop considerably, but only because pre-market trading volume is pretty low and illiquid, so even a smallish trade can send prices down. Most likely, these flurries were day traders who happened to see Trump’s tweet and acted instantly, or perhaps some kind of bot that reacts to Trump tweets.1

But even if there was no hanky panky, our president-elect still seems to have had an effect: Lockheed Martin stock traded very heavily today and closed down by more than two percent. Coincidence? Or a response to Trump’s tweet?

This revives a question we asked last week after Trump tweeted about Softbank, sending Sprint and T-Mobile stock upward. Do we really want the president of the United States calling out individual corporations and affecting their stock prices? Do we really want to be left wondering if maybe someone had a little advance knowledge of Trump’s tweets? That doesn’t seem to have been the case today, but if you knew a day ahead, for example, your trade would get lost in the noise and no one would ever know.

I assume the answer to these questions is no, isn’t it?

1Ridiculous? Not at all. I’d be surprised if someone hasn’t done this.

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Donald Trump Is Once Again the Day Trader in Chief

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Will the Farm Belt Eventually Abandon Donald Trump?

Mother Jones

Ed Kilgore says that it’s not clear yet how much of Donald Trump’s appeal to rural white voters is economic:

We may soon have an answer in rural communities that still largely depend on agriculture for jobs and income. While it did not get much, if any, national attention during the presidential general election, it may soon matter a lot that Trump is largely at odds with the farm lobby when it comes to two of his signature economic policy issues: his opposition to trade agreements and to comprehensive immigration reform. The American Farm Bureau has traditionally viewed trade agreements — particularly those with fast-growing Asian countries — as creating export opportunity for farmers and agribusinesses. It strongly supported the Trans-Pacific Partnership agreement that Trump (and eventually Clinton) opposed. And it has also favored comprehensive immigration reform in order to stabilize the farm-labor supply and protect undocumented migrant farm workers.

I’m not buying it. First off, take a look at the chart on the right—and pay special attention to the units on the vertical axis. It comes from the International Trade Commission’s report on the “likely impact” of TPP. In the agricultural sector, it’s minuscule. By ditching the TPP, farm employment will lose a benefit of 0.031 percent per year. That amounts to maybe a hundred workers each in the biggest Midwest agricultural states.

You wouldn’t notice this if you lost that many jobs, let alone merely failed to gain them. And that’s assuming that Trump kills TPP in the first place, rather than renegotiating a few bits and pieces and then declaring victory. Either way, it’s just not big enough for any of his supporters to notice.

As for migrant farm workers, the business community has been in favor of comprehensive immigration reform forever. Likewise, the base of the Republican Party has been against it forever. There’s nothing new here, and nothing that’s likely to split Trump’s coalition.

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Will the Farm Belt Eventually Abandon Donald Trump?

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Moonwalking with Einstein – Joshua Foer

READ GREEN WITH E-BOOKS

Moonwalking with Einstein
The Art and Science of Remembering Everything
Joshua Foer

Genre: Life Sciences

Price: $13.99

Publish Date: March 3, 2011

Publisher: Penguin Publishing Group

Seller: Penguin Group (USA) Inc.


The blockbuster phenomenon that charts an amazing journey of the mind while revolutionizing our concept of memory An instant bestseller that is poised to become a classic, Moonwalking with Einstein recounts Joshua Foer’s yearlong quest to improve his memory under the tutelage of top “mental athletes.” He draws on cutting-edge research, a surprising cultural history of remembering, and venerable tricks of the mentalist’s trade to transform our understanding of human memory. From the United States Memory Championship to deep within the author’s own mind, this is an electrifying work of journalism that reminds us that, in every way that matters, we are the sum of our memories. From the Trade Paperback edition.

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Moonwalking with Einstein – Joshua Foer

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How a Wonky Trade Pact You’d Never Heard of Became a Huge Campaign Issue

Mother Jones

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Until very recently, grousing about the pitfalls of global trade was seen as akin to complaining about the weather. One could no more stop China from dumping cheap imports than outlaw El Niño. And besides, the deluge of foreign goods would in the long run lift all boats. Or so we were told—before Bernie Sanders and Donald Trump begged to differ.

In a year of seething resentment towards the political establishment, support for “free trade” is no longer a given within either party. Even Hillary Clinton, whose husband famously negotiated NAFTA, has come out against the Trans Pacific Partnership—a sweeping trade deal she helped set up as secretary of state.

Larry Cohen has a pretty good idea why that happened. As the president of the Communications Workers of America, and more recently a senior advisor to Bernie Sanders, he has probably done more than anyone to elevate the issue. I reached out to Cohen to ask how he managed to make trade a big deal again.

Mother Jones: How has global trade affected your union members?

Larry Cohen: Call center jobs are tradable—more tradable than the production of steel or auto parts. Tens of thousands of CWA jobs are now in South Asia with English speakers. But that’s not all. The United States is the biggest consumer of telecom products in the world and almost none of them are made here. Other countries that don’t have this kind of trade regime have held onto those jobs. So Germany with Siemens and France with Alcatel—the French government puts huge penalties on shutdowns. We don’t put any.

MJ: The Democratic Party has been divided on trade since the 1990s, when Bill Clinton pushed through NAFTA with Republican support. President Obama’s Trans Pacific Partnership agreement with 12 Pacific Rim countries was supposed to win over the liberal wing of the Democratic Party by better protecting workers and the environment. What happened?

LC: A year ago, President Obama said to me, “Larry, you must admit, the language is a lot better in here.” And I said, “Yeah, the language is a lot better, but the problem is with enforcement.”

MJ: Give me an example.

LC: I worked on a case in Honduras involving the murder of labor organizers and the collapse of bargaining rights. When there’s complaints, the International Labor Affairs Bureau does an investigation. It takes them at least two years. Then you get a report eventually, and then it goes to the US Trade Representative. This is the guy who is gung ho for all these deals in the first place. When he gets to it, he meets with his foreign counterpart. They had one meeting on Honduras. It can move, after years and years, to a loss of some trade preferences. TPP enumerates that a little bit more clearly. But that’s years and years, and by that point, you know?

MJ: The jobs are long gone?

LC: It’s not just the jobs. It was people being butchered! The bottom line is: Multinational corporations get reparations. We get reports.

MJ: In other words, companies get to sue to protect their interests but workers and environmental groups do not?

LC: Right. Companies get to sue under what’s known as “investor state dispute settlement.” Occidental Petroleum got $3 billion from Ecuador because, after the bilateral agreement with the US, Ecuador said, “No more coastal drilling.” That impacted Occidental’s profit. They got an award last year of $3 billion for their lost future profit. Ecuador doesn’t have $3 billion, so it’s in limbo, but probably they will let them drill. TransUnion is suing the US over Keystone: $15 billion. Vattenfall, which is a Swedish energy company, is suing Germany for $5 billion Euros because German Chancellor Angela Merkel, a conservative, said we’re going to shut down nuclear after Fukushima. These are examples. That has been the history of 25 years of so-called improvements in side agreements in trade.

MJ: And you don’t think TPP fixes those problems?

LC: Chapter after chapter was written by corporate lobbyists. Nothing was written by people like me. There was a little side panel on labor and the environment and they didn’t do a single thing we wanted.

MJ: Obama has framed the TPP as part of his “pivot to Asia,” arguing basically that this is really a diplomatic mission aimed at counteracting the influence of China.

LC: That’s what they wrap this in. But what it really is about is all the multinational corporations that are cheering this deal because they will reign supreme in all 12 countries. That is the core of our foreign policy. Just look at our embassies around the word. In Honduras they throw in one person on human rights. This person says, “I am totally overwhelmed. People are killed here, killed there—it’s a police state.” And then the Commerce Department has 15, 20 people in Honduras promoting US multinationals there, from Fruit of the Loom to you name it. It’s way off.

MJ: How did your meeting with Obama come about?

LC: It was May of 2015. I’d been criticizing TPP at the time and they said, “He’d like to talk to you.” What he told me was: “I am too far down the road to change.” He repeated it over and over.

MJ: So you got a sense that he kind of agreed with you?

LC: No, he never agreed with me. His point of view was that this was significantly better than any other trade agreement on the things that I cared about. He did most of the talking. The joke I made at the end was: I grew up as the only kid. There were five adults in my great grandmother’s rural house in North Philadelphia. These were big talkers. Once in a while, I got to talk, and they never listened to a thing I said. And I told the president, “I love you very much anyway.”

MJ: What did he say?

LC: He laughed. They all laughed.

MJ: So after that meeting you kept fighting against TPP—and you almost derailed it.

LC: Right, June 27. They needed 60 votes to pass fast-track authority for the deal. We lost in the Senate by one vote.

MJ: And that’s when you decided to do something different.

LC: In September I said, “I am not going to run again for CWA president. I feel like we are in a box. I want to go back to movement building.”

MJ: So you joined the Sanders campaign as a senior advisor.

LC: Yeah, I worked full time, unpaid.

MJ: On the trade issue?

LC: Yeah, that was my job.

MJ: What did you do, specifically?

LC: In Lansing, Michigan, we set up a trade forum with Bernie and the media and brought in a whole bunch of people who gave firsthand reports about what they had experienced.

We did a nonpartisan march through Indianapolis. Carrier, which is owned by United Technologies, announced a shutdown of their heating and furnaces plant—1,900 jobs moving to Monterrey, Mexico at $3 an hour. Bernie spoke at the march and it was 100 percent about trade.

On the South Side of Chicago, we did a big event in front of the Nabisco plant in the middle of winter with the workers there, mostly black. They had announced they are moving the Oreo cookie line, over 1,000 jobs out of that plant, to Mexico.

Bernie wrote op-eds on trade. He did a thing in Pittsburgh, We had a thing called “Labor for Bernie” that I helped organize, bringing in tens of thousands of active union members.

MJ: Can you point to any particular moment in the campaign when it became clear that the trade issue was really resonating with voters?

LC: Definitely Michigan.

MJ: Sanders’ primary victory there was a big upset.

LC: There were dramatic results there from what we believed was, in part, that work. I would give the credit to Bernie. He really thinks that the way the global economy is working is at the center of what’s wrong. We call it trade, but it really isn’t trade. It’s how we rig it.

MJ: As secretary of state, Hillary Clinton helped set up the negotiations for TPP, so it was surprising when she came out against it in October. Did you see that coming?

LC: Gradually. The pressure was enormous. I think she made a very careful calculation: If she had not come out against TPP, she would have lost to Bernie Sanders. She never could have provided enough cover to the national labor unions that endorsed her campaign without that flip.

MJ: Did you then start to see other prominent Democrats follow her lead?

LC: No. Tim Kaine would be the next prominent Democrat, and that was only when it was announced that he would be vice president.

MJ: Interesting. So what were you doing heading into the Democratic convention?

LC: Bernie put trade right at the top of his list. We had five people on the platform drafting committee out of 16. There was a meeting in St. Louis where the draft got finalized. The language had said that Democrats are “divided” on the TPP. The platform committee itself had I think 188 people, of which we had 72. They realized they had a problem. They took out “Democrats are divided” and instead they listed a bunch of standards that are actually pretty decent. The document concludes by saying: “Trade deals must meet this standard.” We had an amendment that said, “Therefore, we oppose the TPP.” It lost 106 to 74. So we got 2 votes from the Clinton appointees and our 72.

MJ: If Clinton really opposes the TPP, why would most of her platform committee reps oppose that language?

LC: The reason is, I think, that the White House said, “This is a total embarrassment to us. You are our secretary of state. We are not going to put up with that. We don’t want any opposition to the TPP in the platform.”

MJ: Why didn’t you take it to a floor vote?

LC: We could have, because you only need 25 percent of the platform committee to go to the floor, but Bernie’s view was that we would get the same thing. We would lose, and then it would look like the Democratic Party doesn’t oppose the TPP.

MJ: So you orchestrated a protest instead. People who watched the convention on TV may still remember all the anti-TPP signs. How did that come about?

LC: On Monday night we had the giant TPP forum with 800 delegates. That’s where we sort of revved up the signs and the stickers and the chants of “No TPP!” We actually practiced that in the room.

MJ: Whose idea was it to do that?

LC: Me and others who organized the forum. We knew we had to use it as a springboard. That is what a political convention is supposed to be. It’s not just about falling in line. In my opinion, Hillary Clinton is opposed to TPP, so we should be saying it publicly so we don’t give ground to Trump.

MJ: What is your take on how the trade backlash happened within the GOP?

LC: It’s voters. Hillary Clinton would say the same thing. “I listened to voters.” People get it. They look at the numbers about jobs or incomes or the trade deficit, and they see the results.

MJ: Trade might be the only thing Trump and Sanders agree on.

LC: At an ideological level, we don’t have the same views of fair trade at all. Our view would be that workers rights and the environment need to count as much as corporate profits, and Trump’s view would be just that it’s “a bad deal.”

MJ: Do you think you can build an effective bipartisan coalition on trade?

LC: With regular people we can do that. But it’s not like our part of the movement can unite with whatever that part is in the Republican Party. There’s some acknowledgement of each other. That’s about it. I just got off a call earlier making a plan for the next few months. We don’t have any of them to make a plan with.

MJ: Do you think TPP will be addressed in the lame duck session?

LC: Only once can TPP be sent to Congress by any president. If it is sent before the election, it’s really gonna get attacked. Anyone who is in a vulnerable district, that issue is gonna go way to the top. The White House could send it after the election but they are not even guaranteed the vote. So they are caught here. They can’t send it unless they think they have the best chance they possibly have to pass it. That’s why you have House Speaker Paul Ryan doubting it for lame duck.

MJ: So they might just wait until the next administration?

LC: Yeah, but we’re not going to give on that. We are going to mobilize constantly on it.

MJ: And beyond the TPP?

LC: The only thing that the president really controls is trade policy. Congress reacts, the president acts. I do think there is a ground swell for not bringing Wall Street people into the US Trade Representative’s office and taking it over. That has been going on either directly or indirectly for decades.

MJ: What should the overarching principles be?

LC: Balanced trade should be a major factor: The net effect on jobs. Consequences about manufacturing. What happens to different employment sectors in our country. But also, ending the investor state dispute settlement. There should be issues about the environment or workers rights or human rights that can trump national courts in the same way that investment rights do now.

MJ: This stuff is obviously important, yet when politicians talk about it, people’s eyes often glaze over. How do you keep voters engaged?

LC: Only by saying to people quite bluntly, “This is not about trade, it is fundamentally about the way in which large foreign corporations rig the global economy.” We need to have plain, simple language that regulates the global economy where we count just as much as the richest corporations in the world. That’s what people react to.

Taken from:

How a Wonky Trade Pact You’d Never Heard of Became a Huge Campaign Issue

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The Trump Files: Donald Thinks Asbestos Would Have Saved the Twin Towers

Mother Jones

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Until the election, we’re bringing you “The Trump Files,” a daily dose of telling episodes, strange-but-true stories, or curious scenes from the life of GOP nominee Donald Trump.

The Donald is a big admirer of asbestos, the notorious carcinogen that he considers “the greatest fire-proofing material ever used.” He’s so convinced of its powers, in fact, that he thinks a lack of asbestos is the reason the Twin Towers collapsed on September 11.

“If we didn’t remove the incredibly powerful fire retardant asbestos & replace it with junk that doesn’t work, the World Trade Center would never have burned down,” Trump wrote in a tweet in October 2012. About 400 tons of asbestos reportedly went into the structures before the builders halted its use in 1971, anticipating that the government would soon ban the material.

Trump was repeating an argument he made in front of a subcommittee of the Senate Homeland Security and Governmental Affairs Committee in 2005, when he testified about how quickly and elegantly he could renovate the United Nations building in New York. “A lot of people could say that if the World Trade Center had asbestos it wouldn’t have burned down. It wouldn’t have melted, okay?” he told the senators. Comparing other materials to it, he argued, is “like a heavyweight champion against a lightweight from high school.”

“A lot of people” appears to be a small group of libertarian think-tankers who oppose health and environmental regulations, including the ones against asbestos. Meanwhile, clouds of pulverized asbestos and other carcinogens kicked up on 9/11 may be linked to huge numbers of cancer cases among first responders and Ground Zero workers.

Read the rest of “The Trump Files”:

Trump Files #1: The Time Andrew Dice Clay Thanked Donald for the Hookers
Trump Files #2: When Donald Tried to Stop Charlie Sheen’s Marriage to Brooke Mueller
Trump Files #3: The Brief Life of the “Trump Chateau for the Indigent”
Trump Files #4: Donald Thinks Asbestos Fears Are a Mob Conspiracy
Trump Files #5: Donald’s Nuclear Negotiating Fantasy
Trump Files #6: Donald Wants a Powerball for Spies
Trump Files #7: Donald Gets An Allowance
Trump Files #8: The Time He Went Bananas on a Water Cooler
Trump Files #9: The Great Geico Boycott
Trump Files #10: Donald Trump, Tax-Hike Crusader
Trump Files #11: Watch Donald Trump Say He Would Have Done Better as a Black Man
Trump Files #12: Donald Can’t Multiply 16 and 7
Trump Files #13: Watch Donald Sing the “Green Acres” Theme Song in Overalls
Trump Files #14: The Time Donald Trump Pulled Over His Limo to Stop a Beating
Trump Files #15: When Donald Wanted to Help the Clintons Buy Their House
Trump Files #16: He Once Forced a Small Business to Pay Him Royalties for Using the Word “Trump”
Trump Files #17: He Dumped Wine on an “Unattractive Reporter”
Trump Files #18: Behold the Hideous Statue He Wanted to Erect In Manhattan
Trump Files #19: When Donald Was “Principal for a Day” and Confronted by a Fifth-Grader
Trump Files #20: In 2012, Trump Begged GOP Presidential Candidates to Be Civil
Trump Files #21: When Donald Couldn’t Tell the Difference Between Gorbachev and an Impersonator
Trump Files #22: His Football Team Treated Its Cheerleaders “Like Hookers”
Trump Files #23: The Trump Files: Donald Tried to Shut Down a Bike Race Named “Rump”
Trump Files #24: When Donald Called Out Pat Buchanan for Bigotry
Trump Files #25: Donald’s Most Ridiculous Appearance on Howard Stern’s Show
Trump Files #26: How Donald Tricked New York Into Giving Him His First Huge Deal
Trump Files #27: Donald Told Congress the Reagan Tax Cuts Were Terrible
Trump Files #28: When Donald Destroyed Historic Art to Build Trump Tower
Trump Files #29: Donald Wanted to Build an Insane Castle on Madison Avenue
Trump Files #30: Donald’s Near-Death Experience (That He Invented)
Trump Files #31: When Donald Struck Oil on the Upper West Side
Trump Files #32: When Donald Demanded Other People Pay for His Overpriced Quarterback
Trump Files #33: The Time Donald Sued Someone Who Made Fun of Him for $500 Million
Trump Files #34: Donald Tried to Make His Ghostwriter Pay for His Book Party
Trump Files #35: Watch Donald Shave a Man’s Head on Television
Trump Files #36: How Donald Helped Make It Harder to Get Football Tickets
Trump Files #37: Donald Was Curious About His Baby Daughter’s Breasts
Trump Files #38: When Democrats Courted Donald
Trump Files #39: Donald’s Cologne Smelled of Jamba Juice and Strip Clubs
Trump Files #40: Donald Sued Other People Named Trump for Using Their Own Name

Link:  

The Trump Files: Donald Thinks Asbestos Would Have Saved the Twin Towers

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