Hillary Clinton comes out against TPP trade deal

8 Oct 2015 | Author: | No comments yet »

Clinton Opposes Pacific Trade Deal in Major Break With Obama.

The trade agreement, which was finalized on Monday, would create one of the largest free trade areas in the world, including twelve countries circling the Pacific Ocean. Hillary Rodham Clinton declared her opposition to the Trans-Pacific Partnership trade accord on Wednesday, her most significant break with President Barack Obama since launching her campaign for the Democratic presidential nomination. “I think there are still a lot of unanswered questions,” she said of the big trade deal in an interview with PBS’ “Newshour.” ”As of today, I am not in favor of what I have learned about it.” Her push-back against the chief economic proposal of Obama’s second term is a blow to the president, undermining his arguments to Congress as the White House is in the final stretch of winning approval of a deal years in the making. Clinton joins the rest of the Democratic field in challenging a trade pact that’s enraged the labor unions, environmentalists and other liberal constituencies whose support will be crucial to her electoral success. The former secretary of state added, “I don’t have the text, we don’t yet have all the details, I don’t believe it’s going to meet the high bar I am going to set.” Clinton criticized it in particular for failing to address currency manipulation and because of her worries that “pharmaceutical companies may have gotten more benefits and patients and consumers got fewer”. During a 2012 trip to Australia, she called it the “gold standard in trade agreements.” In the interview, she said the agreement does not meet her standard for creating jobs, raising wages and protecting national security.

Clinton raised specific concerns about a potential for currency manipulation by China and provisions that she said would benefit pharmaceutical companies at the expense of patients. On Monday, Obama praised the deal “as an agreement that reflects America’s values and gives our workers the fair shot at success they deserve.” The Clinton campaign gave advance notice on Wednesday that the candidate would come out against the deal, a White House official told the Guardian. In June, Clinton broke weeks of silence on the issue by telling the crowd at a campaign event that she sided with the House Democrats who had led a rebellion against President Obama’s trade agenda. If he doesn’t, she said then, “there should be no deal.” “In order to get a deal that meets these high standards, the president should listen to and work with his allies in Congress, starting with Nancy Pelosi, who had expressed their concerns about the impact that a weak agreement would have on our workers, to make sure we get the best, strongest deal possible,” Clinton said. “And if we don’t get it, there should be no deal.” “No president would be a tougher negotiator on behalf of American workers, either with our trading partners or Republicans on Capitol Hill, than I would be,” Clinton said.

And she’s promised to work to repeal the “Cadillac tax,” a tax on high-cost employer-sponsored insurance that the Obama administration says is necessary to fund the health care law. Secretary Clinton can justify her own reversal of opinion on this, but I didn’t have one opinion eight months ago and switched that opinion on the eve of debates. I let people know that from the outset.” In June, a proposal to fast track the agreement, which means it can be amended and is subject only to an up and down vote, was initially derailed in Congress by a coalition of liberal Democrats and ardent Tea Partiers, over a dispute about giving government aid to companies that were hurt by free trade agreement. Trade Representative Michael Froman said during a Monday news conference in Atlanta. “Our job is to reach agreement and explain it fully to the American public.

Clinton aides know she must tread lightly when it comes to criticizing Obama, given that much of her strategy relies on the still-loyal coalition of African-Americans, Latinos, women and younger voters that twice elected Obama. But at the same time, they say she must find ways to distinguish herself — and undercut Republican attacks that Clinton would simply provide a third Obama term. On immigration, Clinton’s promise to go further than Obama in using executive authority to ease the threat of deportation for immigrants living illegally in the U.S. contradicts Obama’s assertion that he’s done all he can under the law.

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