ERGO
Bursting Bubbles
- Feb 24, 2012
- 354
- 42
Is Obama Negotiating A Treaty That Would Essentially Ban All Buy American Laws?
There is a new treaty in the works and it is known as the Trans-Pacific Partnership (TPP), and it is going to be one of the biggest free trade (Free Trade in a PIGS eye that is) agreements in history. Critics are referring to it as the NAFTA of the Pacific, and it would likely cost the U.S. economy even more jobs than NAFTA did.
Barack Obama is pushing hard to get the United States into the TPP, and Australia, Peru, Malaysia, Vietnam, Canada, Japan and South Korea are also reportedly interested in joining. But quite a few members of Congress have heard that Buy American laws will essentially be banned under this agreement, and this has many of them very concerned. You can read the entire letter that was sent to Obama right here.
http://big.assets.huffingtonpost.com/BuyAmericanTPPLtrtoAdmin.pdf
Unfortunately, the leaders of both major political parties are overwhelmingly in favor of the Trans-Pacific Partnership, so the objections of these 69 members of Congress are likely to fall on deaf ears.
The Trans-Pacific Partnership will accelerate the flow of American jobs out of this country, and meanwhile our politicians will continue to insist that they are doing everything that they can to create jobs.
Ref:Is Obama Negotiating A Treaty That Would Essentially Ban All “Buy American” Laws? :
There is a new treaty in the works and it is known as the Trans-Pacific Partnership (TPP), and it is going to be one of the biggest free trade (Free Trade in a PIGS eye that is) agreements in history. Critics are referring to it as the NAFTA of the Pacific, and it would likely cost the U.S. economy even more jobs than NAFTA did.
Barack Obama is pushing hard to get the United States into the TPP, and Australia, Peru, Malaysia, Vietnam, Canada, Japan and South Korea are also reportedly interested in joining. But quite a few members of Congress have heard that Buy American laws will essentially be banned under this agreement, and this has many of them very concerned. You can read the entire letter that was sent to Obama right here.
http://big.assets.huffingtonpost.com/BuyAmericanTPPLtrtoAdmin.pdf
Unfortunately, the leaders of both major political parties are overwhelmingly in favor of the Trans-Pacific Partnership, so the objections of these 69 members of Congress are likely to fall on deaf ears.
The Trans-Pacific Partnership will accelerate the flow of American jobs out of this country, and meanwhile our politicians will continue to insist that they are doing everything that they can to create jobs.
Ref:Is Obama Negotiating A Treaty That Would Essentially Ban All “Buy American” Laws? :