Obama only briefly mentioned fast-tracking the Trans-Pacific Partnership (TPP) in last Tuesday's State of the Union speech, depicting the trade agreement as part of his bipartisan outreach to the GOP, while claiming it would boost U.S. exports.
Rep. Keith Ellison of Minnesota, the chair of the House Progressive Caucus, asked, "How can you say on one hand you want to address income inequality, you want to make this economy work for everyone, and on the other hand, say you want trade promotion authority so you can pass these NAFTA-style trade deals? It doesn’t make any sense."
The Republicans, on the other hand, wanted Obama to spend more time pushing it during the State of the Union. But if Obama is so enthusiastic about this proposed trade deal, then why hasn't he been touring the nation and fervently trying to pitch this snake oil to the American public?
Senate Majority Leader Harry Reid reiterated his position about fast-tracking this trade deal, suggesting the bill ( introduced by Senator Max Baucus, who is now the new ambassador to China) may be DOA in the Senate.
And it's no wonder—this trade agreement has been described as NAFTA on steroids. Wikileaks has more details and updates on the TPP trade agreement.
And here's a few numbers about the NAFTA trade agreement that Rep. Keith Ellison referenced:
- In 1993, before NAFTA, the United States had a $2.5 billion trade surplus with Mexico and a $29 billion deficit with Canada. In 2012, the combined NAFTA trade deficit was $181 billion. The average annual growth of our trade deficit has been 45 percent higher with Mexico and Canada than with countries that are not party to a NAFTA-style pact.
- The companies that took the most advantage of NAFTA — big manufacturers like G.E., Caterpillar and Chrysler [and many others, and many who are also tax dodgers] — promised they would create more jobs at their American factories if NAFTA passed. Instead, they fired American workers and shifted production to Mexico. The average American wage has grown less than 1 percent annually in real terms since NAFTA, even as productivity grew three times faster.
- A 1997 Cornell University study ordered by the NAFTA Commission for Labor Cooperation found that as many as 62 percent of union drives faced employer threats to relocate abroad, and the factory shutdown rate following successful union certifications tripled after NAFTA.
- Since NAFTA’s implementation, the share of national income collected by the top 1 percent has shot up by 58 percent.
- Consumer prices had not been sufficient to offset losses in wage levels, even accounting for the benefits of cheaper goods. This means a loss of more than $3,300 per year for a worker earning the median annual wage of $27,500 (50% of all wage earners currently take home this or less.)
But yet, even without TPP, more jobs might still be offshored—this time to Panama in Central America. We've already had the CAFTA trade agreement with Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic (and we know how well they treat and pay their workers).
Congress has already passed trade agreements with South Korea, Panama, and Colombia (made possible by both Bush and Obama). And there's also the little mentioned pending TAFTA trade agreement with our friends in Europe (full list here).
As if the unemployment rate wasn't high enough. In a memo to clients, David John Marotta (a Wall Street advisor) calculates that the actual unemployment rate of those not working is a sky-high 37.2 percent, not the 6.7 percent as advertised by the Fed—and the Misery Index is over 14, not 8 claimed by the government.
The Bureau of Labor Statistics says the unemployment rates in 29 states are at post-recession lows --- BUT --- it was also noted that long-term unemployment is at record highs in 41 states—and that doesn't even count millions of "discouraged workers" who dropped out of the labor force and are no longer being counted in the official unemployment rate.
State economies have lost $1.76 billion after Congress let the benefits program for the long-term unemployed lapse at the end of last year. In North Carolina, after the state ended its participation in the long-term unemployment insurance program before the benefits lapsed, it has witnessed the largest labor force contraction ever.
David A. Rosenberg, formerly of Merrill Lynch in New York, says:
"The unemployment rate in the financial sector is down to 4.2%, in manufacturing down to 5.5%, in information technology down to 4.8%, in education/health down to 4%, and all the way down to 3.6% in the resource sector. This is over 40 million workers and represents a 40% chunk of private payrolls."
Officially, the Bureau of Labor Statistics reports that 92.3 million Americans are NOT in the labor force—another record high. As it's been noted before, the employment-population ratio in now at a 30 year low; and the labor force participation rate is now at a 35 year low.
The labor force includes those counted as either "employed" or "unemployed", but doesn't include all those previously counted as "discouraged workers". By some estimates, out of 92.3 million people NOT in the U.S. labor force, as many as 48 million Americans are currently involuntarily unemployed and would like a full time job paying a living wage—meaning more than Obama's proposed $10.10 an hour minimum wage, which is only $21,008 a year before taxes, but only if they are employed full time. (Fast food workers were asking for $15 an hour).
But Obama still wants to fast track TPP. Does this make any sense at all? What good will raising the minimum wage to a puny $10.10 an hour do when there aren't enough jobs?
So what will the unemployed do? The Democrats saw fit to "compromise" with the GOP again by cutting 4% of 1% (0.04%) of the federal budget in the farm bill to cut aid to 2 million poor Americans on food stamps. So is that the ultimate plan...making sure that Americans can't work AND can't eat? If it weren't for ObamaCare™, millions more would be without any health care either (obtained through the expansion of the Medicaid program).
It's too bad that The LEFT wants to hide these dismal unemployment numbers because it's an embarrassment to them (even though they didn't cause all these numbers); but The RIGHT only wants to use these numbers as a weapon again The Left —when it was The Right that primarily caused these numbers in the first place with Reaganomics, "trickle down" and "starve the best"—with a lot of help from The Left with NAFTA).
But The Left can't fix the problem because The Right has obstructed The Left, hoping to turn public sentiment against The Left so that The Right can regain control of the Senate and Presidency (so that they can give us more of these dismal numbers.)
It's all about politics, not about helping the unemployed obtain jobs, feeding the poor or fixing the country. And money in politics allows for this destruction of our nation. Taking big money out of politics will benefit the many at the expense of the few. But Congress is too corrupted to change the election and voting laws.
Vladimir Lenin said, "The Capitalists will sell us the rope with which we will hang them." But it could have been Chairman Mao who said that. The offshoring of jobs to China (and elsewhere) is responsible for China's spectacular growth over the past 30 years. American multinational corporations made the rope in China, sold it us, and we hung ourselves.
What is the bipartisan consensus in Congress—thinning the herd? Is that their Kumbaya Grand Bargain? Sign more trade agreements and offshore more jobs? With a 5-year job shortage and more cuts in food stamps, what are millions of desperate Americans left to do, hang their heads in shame before finally hanging themselves with that cheap rope they bought at Walmart?
Just saw a former mayor lie regarding jobs + immigration
I tune into the whores on TV once or twice a day to see what BS they spew or allow traitors to spew without daring to follow up with a legitimate question. I just saw a former mayor of Houston say that there was no way to verify whether or not someone in the US was a citizen or here legally so basically anyone here should be legal. Read that again, and again, and again. E-verify? Ever heard of it? Social Security numbers used to be one per customer, but I guess those days are done, now they only allow people around the world and here in the US to steal our $ and lives. This is what stands for "representation," eh? An elected executive in one of our biggest cities flat-out lying about the laws of the land, law enforcement, jobs, job creation, etc., etc. And of course the whores/puppets on TV and in government won't dare ask a question or follow up with the truth or anything else to make the shills uncomfortable. But hey, we can be homeless, struggle, and/or die, but don't dare interfere with the criminals and their corruption. Hey, is Dimon still collecting $20 million/year for Jefferson County bribes, the White Whale trades, derivatives, forging foreclosures, laundering money, manipulating silver and aluminum and oil, laundering Corzine's MF Global money, etc.? Is Buffett defending Dimon? Is our govt. take bribes/contributions from Wall Street and corporations on both sides? Is our country sold out and Rome circa 4th century? Is our currency devalued while private citizens/businesses control our finances via the Fed and Treasury? Yup.
Here's an easy question for any moron in govt. or Wall Street or elsewhere to answer (but is actually impossible because it requires thought and integrity): is America's middle class doing better or worse in real terms following NAFTA, CAFTA, the repeal of Glass-Steagall, TARP, ZIRP, QE 1- infinity . . . ? Easy, right? In real terms, better or worse? Come on Fox, MSNBC, Bloomberg, CBS, ABC, CNN, an easy question to ask all day every day? No, too hard? Time for Knox distractions? Beiber distractions? "Dancing with the Stars"? Ah, yes, puppets dance on, dance on, obey the people with the $ pulling the strings, Versailles also had its distractions.
"[A]ll the whores and politicians will look up and shout "Save us!"... and I'll whisper "no." "Watchmen."
lies on immigration now fast and furious
They are going to flood the U.S. labor market with so many guest worker Visas everybody in America's job is probably at risk.
The GOP is making a deal so U.S. workers are going to be screwed so badly, probably so bad, nothing seen like it since maybe the time they shot people for trying to unionize, child labor, in the 1897.
This is a real disaster heading this way for the U.S. citizen worker.
White House petition
There is a petition to stop this at http://wh.gov/lnnDb
Example of H-1B visa fraud
"Employers are posting jobs that don’t really exist, seeking candidates they don’t want, and paying for bogus non-ads to show there’s an IT labor shortage in America. Except of course there isn’t an IT labor shortage."
So all those applications you filled out were all a waste of time.