Yesterday, the Senate voted for cloture on a motion to proceed on a bill to discourage China’s currency manipulation, with a bipartisan 79-19 vote. But the White House would rather pursue its “free” trade bills with Columbia, Korea and Panama.
|By: David Dayen Tuesday October 4, 2011 7:30 am|
|By: David Dayen Tuesday September 27, 2011 1:40 pm|
We have known for years about the dangers of being a trade unionist in Colombia, of the murders of organizers and labor officials. The murders have increased in frequency in the years since the US negotiated a trade deal with Colombia. They are well documented. Now Rich Trumka has sent the President a list of victims.
|By: David Dayen Friday September 23, 2011 9:50 am|
Speaking of Congress, they may be getting themselves in a position to actually pass those three long-stalled trade agreements The Senate passed a bill providing assistance for workers displaced by trade agreements, but its prospects in the House are uncertain.
|By: David Dayen Tuesday September 6, 2011 7:59 am|
Congress is back on the job today, at least in the Senate. The House just had to have one more day off to refresh them for the ideological agenda-setting ahead. The return to session comes at a time when polls show a total collapse in confidence in Congress’ ability to do their job, and a general pessimism about the prospects for a turnaround in the economy. The big story of the week will be the President’s jobs speech on Thursday. But what will Congress do when left to their own devices?
|By: David Dayen Thursday September 1, 2011 7:00 am|
Next week in Chicago, the Administration kicks off the eighth round of Trans-Pacific free trade agreement talks with multiple Asian nations. The nine-day negotiation includes talks with Vietnam, Brunei Darussalam, Singapore, Malaysia, New Zealand, Australia, Peru and Chile, but whatever comes out of the talks is intended to be a “docking agreement” to which larger nations in Asia and South America can sign up. That would include Japan, India and Taiwan; heck, it could include mainland China. This has been in the works for many years, and the Obama Administration has been negotiating since late 2009. The soft deadline for a Trans-Pacific FTA is November, just two months from now.
|By: David Dayen Thursday August 4, 2011 8:30 am|
While there is a rhetorical pivot to jobs, jobs, jobs , what the White House is proposing is not even close to the most they could do. What we have here is actually a poverty of imagination. There are plenty of things that the executive branch can do – power they’ve had since they came into office – to boost jobs. They have $80-$100 billion in unused TARP funds that could be put to productive use, including at least $40 billion dedicated for housing. They could use Fannie and Freddie much more aggressively than this renting idea, creating a kind of modern-day HOLC to buy up homes.
|By: David Dayen Tuesday August 2, 2011 1:02 pm|
The President’s address fell mainly in line with what he’s been saying over the past several weeks: with the debt limit deal, a “manufactured crisis” in his words, put to bed, now the good and wise and responsible members of Congress can get to work on a jobs package to put America back to work. This is the big pivot, the time when all the focus shifts to jobs. Isn’t it exciting?
|By: David Dayen Friday July 1, 2011 6:51 am|
I thought Mitch McConnell was just grousing about trade adjustment assistance being included in the three trade deals that the President sent to Congress. What I didn’t know is that the White House negotiated directly with House Republicans on the deal, and didn’t really consult the Senate minority. So they’re making mischief out of a real opposition, not to put on a show. This means that these trade deals may not go through at all.
|By: Michael Whitney Thursday May 5, 2011 7:05 am|
The Obama Administration intends to meet Congressional demands to move all three pending NAFTA-style “free trade” agreements with Colombia, Korea, and Panama by an arbitrary deadline of July 1
|By: David Dayen Wednesday May 4, 2011 3:05 pm|
The South Korea deal could cost 159,000 jobs in the first eight years, and the Colombia deal 60,000 jobs.