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Senate
Passes Obama's TPP Fast-Track Trade Proposal
14
May, 2015
Two
days ago there was some rejoicing and much surprise when the
"Warren-faction" of Senate liberals turned against Obama,
and failed to vote for a fast-track approval of the TPP. That
surprise lasted for about 48 hours when moments ago, in a 65-33 vote,
the Senate finally advanced a measure allowing Obama to expedite
approval of trade agreements, a bill with bipartisan support in that
chamber which however according to Bloomberg may run into strong
opposition from House Democrats.
The
vote followed separate votes sought by Democrats to pass proposals
curbing currency manipulation and boosting imports from sub-Saharan
Africa. The Senate plans to consider amendments to the fast-track
trade proposal next week.
As
previously reported, a rebellion Tuesday among Senate Democrats
seeking the currency provision previews what may be fiercer battle
ahead between Democrats and House Speaker John Boehner, an Ohio
Republican.
“There’s
a broad feeling we have to do something against China” on currency
manipulation, New York Senator Charles Schumer, the chamber’s
third-ranking Democrat, told reporters before the vote on advancing
the trade bill. He called the currency measure “a shot across
China’s bow that we’re not going to just sit there and do
nothing.”
Bloomberg
reports that the fast-track bill would allow Obama to submit trade
agreements to Congress for an up-or-down vote without amendments. He
hopes to complete a 12-nation Trans-Pacific Partnership and send it
for fast-track approval.
On Tuesday, Democrats blocked Republicans from advancing the fast-track bill without also voting on the currency measure. Many Democrats remain stung by the 1994 North American Free Trade Agreement, which is blamed by labor unions for a decline in U.S. manufacturing jobs.
The trade bill, H.R. 1314, would give Obama and the next president fast-track powers for six years.
Senate Majority Leader Mitch McConnell, a Kentucky Republican, said Thursday the agreement to separate the two measures from the broader trade bill was a sensible plan.
“I’d like to thank the president too,” McConnell said. “No, you’re not hearing things. President Obama has done his country a service by taking on his base and pushing back on some of the more ridiculous rhetoric we’ve heard.
And
in other news, just as the TPP fast-track news hit, perpetual
warmonger and neocon John McCain announced that as part of a $613.2
billion Defense Authorization Bill, approved by the Senate Armed
Services Committee, the US just added funds for 12 more F/A-18
fighter jets. More
importantly the Bill authorizes sending arms to Ukraine.
More
details from Bloomberg:
Bill has $523b in base funding, $90.2b in war funds, Reed says.
Reed says he voted against bill on “off-budget gimmick” in which Republicans transferred extra funds from base budget to overseas contingency operations to avoid budget controls.
Amendment to eliminate war funding account rejected, cmte Chairman John McCain says.
Bill would preserve A-10 close-air combat plane; authorizes arms to Ukraine, McCain says.
Cmte approves more for F-35, F-18 fighters, McCain says; bill authorizes adding 6 F-35B fighters.
Bill requires approval of Guantanamo closing plan, he says. Presidential veto of bill would be “very serious step”: McCain.
In
other words, since the Fed can't print trade, either the world will
trade with the US voluntarily... or it will be forced to do so. And
if that fails, there is always the Ukraine war escalation option
Quislings !
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