Recent Posts

World Trade Organization

trump13According to this, yeah, he might. And I for one certainly don’t put any insanely stupid thing beyond him.
 

President Trump has repeatedly told top White House officials he wants to withdraw the United States from the World Trade Organization, a move that would throw global trade into wild disarray, people involved in the talks tell Axios…
 
Why this matters: A U.S. withdrawal from the WTO would send global markets into a spiral and cast trillions of dollars of trade into doubt.
 
– It would also blow up an institution that for 70-plus years has been a pillar of global economic and political stability.
 
– The consequences of a U.S. withdrawal are so profound that, like Trump’s senior advisers, the trade community hasn’t seriously entertained the possibility that Trump would try to withdraw.
 
-A top trade lawyer in Washington said: “We think he’s nuts, but not that nuts.”
(Axios)

The article does note that withdrawal would also require approval from Congress. But you know as well as I do about how prone they’ve been to standing up to Trump on matters like these (until next January, anyway, we hope).
 
Regarding the photo, how can anyone not pick up on the overwhelming fear, greed, and corruption in that face, whatever its expression at any given moment?
 

{ 0 comments }

Boehner leaving and the TPP

by Dan Burns on September 30, 2015 · 0 comments

tpp2Regarding the following, I’m not that optimistic that we’ll now totally crush the horror that is the proposed Trans-Pacific Partnership “trade” agreement. But it’s good news, in context.
 

We have heard so little about the Trans-Pacific Partnership over the past couple of months that you’d be forgiven for thinking that the Obama administration simply abandoned it. But (today), representatives from the 12 TPP nations assemble in Atlanta for a two-day meeting designed to produce a final agreement.
 
Previous “final” talks in Maui revealed multiple hurdles, from dairy markets to auto parts manufacturing to the length of prescription drug patents. But this Atlanta meeting was abruptly put together, suggesting progress on the sidelines. While nobody thought TPP could conclude before Canada’s parliamentary campaign ends Oct. 19, the New Zealand prime minister said Canada is “negotiating as if there’s no election.”
 
But even if negotiators work out a tentative agreement this week, the biggest announcement on TPP may have already happened. That would be last Friday’s resignation of House Speaker John Boehner.
 
Trade promotion authority, which allows the president to negotiate trade agreements and bring them to Congress for an expedited vote, barely passed the House earlier this year. Fifty-four Republicans voted against it, among them practically all the ringleaders of the campaign against Boehner – like Mark Meadows, R-N.C., who took the leadership role in ousting him; David Brat, the man who upset Eric Cantor and took his House seat; Jim Jordan, chairman of the anti-Boehner House Freedom Caucus; and 23 members of that caucus in all.
(Salon)

A recent World Trade Organization ruling against India’s push for solar energy is regarded as just a preview of the sort of corporate greedhead vileness that would become epidemic under the TPP.
 

{ 0 comments }