Did you know? The Patriot Post is funded 100% by its readers. Help us stay front and center in the fight for Liberty and support the 2024 Year-End Campaign.

November 6, 2015

Can We Trust Obama on Trade?

His performance over the last seven years doesn’t inspire.

It’s a hefty book that won’t be a bestseller, but among those inside the Beltway and in certain corners of the financial world, the secretive deal that is the Trans-Pacific Partnership will be devoured like a hot romance novel over next few months. Congress must approve or deny the deal, and the political divide is not the usual one. With 30 chapters and multiple side agreements, the 12-nation pact is a compilation of years of negotiations. Proponents bill it as a way to open up the Pacific Rim economically and counter China’s growing influence in the region. Notably, China is not among the nations included in the pact.

Naturally, Barack Obama thinks it’s the best thing since sliced bread. “When it comes to Asia, one of the world’s fastest-growing regions, the rule book is up for grabs,” he explained. “And if we don’t pass this agreement — if America doesn’t write those rules — then countries like China will.”

He’s not wrong about that. But having seen his negotiating skills and red lines in action over the last seven years, it’s understandable that Republicans, who generally like free trade deals, are skeptical of the bargain. Appearing on “Fox News Sunday,” House Speaker Paul Ryan protested that they hadn’t seen the full agreement to schedule a vote. “I don’t know when that vote is going to happen,” said Ryan. GOP backing is vital since Democrats are split on the issue, but Republicans aren’t exactly eager to campaign for Obama’s deal.

And there’s really no rush. While it’s a sure bet that Obama will sign the agreement and send it to Congress at the earliest opportunity, Congress has up to two years to approve it. If all 12 nations don’t ratify the agreement within that time, the pact will still take effect if six nations that represent 85% of the total GDP among the 12 nations approve. In essence, the United States has veto power because it represents about 65% of the total GDP. Japan is right at the 15% threshold to hold veto power as well.

If the deal isn’t approved by this summer, though, it’s likely that “fast-track” will become “wait and see” until the presidential election is decided. Donald Trump is against TPP, as is Hillary Clinton — at least now. She formerly called it the “gold standard” of trade deals, but shamelessly flip-flopped once she saw her Democrat primary opponent Bernie Sanders pan the deal. Democrats in general oppose the deal (and any free trade) because Big Labor doesn’t like competition.

Some think the time for passage will be the lame-duck session after next year’s election, when Democrats may decide it’s time to give Obama a parting gift. With the Trade Promotion Authority passed earlier this year, Congress can vote only on the deal as it stands, without amendment.

Depending on who one talks to, the Trans-Pacific Partnership is a giveaway, whether to big multi-national corporations, polluters, or the other 11 partners who have economies far smaller than our own — many of them have an annual GDP less than 2% of ours. Or the pact opens the door for American goods and services to be competitive in the region, strengthening our economy and our influence.

There’s certainly a point to be made about being the counterweight to China, but as the largest partner it’s truly worth questioning what advantages the average American worker would have with TPP’s passage, when millions of their jobs have been outsourced over the last half-century. The American people have heard “trust me” from Obama far too many times. We’re told to believe his trade pact is great, but his track record with ObamaCare and the Iran deal in particular make that a hard sell.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.