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Tuesday, January 24, 2017

"Obama’s Signature Trade Deal" dead

The New York Times headline was a nod to an electoral process that kicked the elitists to the curb:
Trump Abandons Trans-Pacific Partnership, Obama’s Signature Trade Deal
The 2016 election was about ideas, despite efforts by the media to make it about crude statements made 11 years ago.

Barack Obama used his cult of personality to win the presidency. But his was a presidency built on sand. TPP is not even toilet paper now. Obamacare is on death row.

From the New York Times:
President Trump formally abandoned the Trans-Pacific Partnership on Monday, pulling away from Asia and scrapping his predecessor’s most significant trade deal on his first full weekday in office, administration officials said.
Whoosh.

It was there one second, gone the next.

Like the Obama administration.

From the New York Times:
The Obama administration arduously negotiated the Pacific trade pact over eight years. Under legislation passed by Congress, the accord could not be amended once completed, nor could it be joined without congressional approval. Mr. Obama never submitted the partnership for approval, understanding that a defeat in Congress would be worse than leaving the deal in hibernation.
A house of sand -- wrecked by the electoral tidal wave of Donald John Trump.

Now Trump will deal individually with each of the 11 TPP partners -- all of whom already have at least one trade agreement with the United States -- on separate agreements.

First up among the 11 is Mexico. Trump's election has Canada and Mexico agreeing to renegotiate NAFTA.

That one cannot be wiped out with one signature, because it was built over two administration and passed into law with bipartisan support in both houses of Congress.

GOOD.

@@@

Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.

It covers the nomination process only. The general election will be covered in a sequel, "Trump the Establishment."

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11 comments:

  1. The fact that the NYT called it Obama's 'Signature Trade Deal' made it all the sweeter. Just listen to Trump make that 3-point shot!

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  2. NAFTA is an ancient (by today's standards) deal. So much has changed with AI, automation, etc., etc., etc. Way past time to redo.

    I would like to see something along the lines that 50% at least is manufactured or built in the selling nation. This way business could say build in Mexico to produce parts that are easily done, but at a lower cost, then use the higher trained Americans or Canadians for the more technical parts, then assemble most of the "widget" in the country of sale. Win, win and win for all three nations.

    And eventually, Mexico would hopefully get control of their graft and gangs, and join us Canadians and Americans and build a huge middle class that would then fuel even more jobs for all three nations!

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    1. "And eventually, Mexico would hopefully get control of their graft and gangs"

      Graft and gangs are the means the lower class, frustrated by the upper class, uses to better themselves financially in order to move up into the middle class. Isn't that how Beyonce's mega-rich husband Jay-Z and other rap music moguls began building their fortunes ? I don't know if that's the case in Mexico, but I've long been under the impression---possibly incorrect---that strong racial divisions underlie the economic divisions in Mexico, and that's something that will be hard to overcome just by letting American companies build a few factories in Mexico. Mexico has already had the opportunity to build a strong middle-class using money from exploitation of its vast oil reserves, but that didn't seem to make things better. Perhaps only Trump can save Mexico from itself by closing the border to the gangs and the flow of drugs that fuel the violence in Mexico. Heck, they may end up having to erect a statue of Trump in gratitude if he gets his way on immigration.

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  3. Thank you Don once again for your blogposts. I won't give the NYT a click for any link. If we stop linking to them, maybe they'll slip down the drain even faster. Still with that said, I am ever so grateful for the watchdogs we have keeping a careful eye on the enemedia and alerting us when we need to see what they're up to.
    I knew long ago that Trump would launch his administration with a "shock and awe" campaign, and his engine of change isn't even up to speed yet. MAGA!

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  4. And now the Keystone Pipeline is going through, as well.

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    1. The Keystone pipeline AND the Dakota Access pipeline, and both are required to use piping that is Made In America. More and cheaper energy and Job$. - Elric

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  5. Another glorious day in America!

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  6. By "signature" trade deal, I presume they acknowledge Obama tried to impose it unilaterally and ex-Constituionally via executive order. What Obama hath wrought, Trump can do asunder. The pen is indeed mightier than the sword.

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  7. @DeNihilist:

    I just came across this comment in a column by Mexican-American syndicated columnist Ruben Navarette that appeared in the San Diego Union Tribune (may have appeared elsewhere, too) regarding former Mexican President Vicente Fox's Twitter war of words with Donald Trump:

    And, if Fox wants to talk about “racist” monuments, let’s have at it. The former Mexican president, who happens to have a light complexion, can start by addressing the racism in Mexico against dark-skinned Mexicans with an abundance of Indian blood. He could also atone for his own clumsy comments in 2005 about how Mexican immigrants in the United States do the kinds of hard and dirty jobs that “even blacks won’t do.”

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  8. DJT said we'd get so tired of winning we'd beg him to stop, but for crying out loud, he hasn't even been president for ONE WEEK yet!!!
    I worry that I gotta go see my cardiologist about this! I followed his advice so I don't get another heart attack: quit smoking, consume very little caffeine now, lost weight, exercise every day, drink lotsa water....he never told me to stop paying attention to what happens at the White House!
    -Fred

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