Monday, April 4, 2016

Obama and Clinton on 'free trade' agreements

See this article highlighting information on the above. We know Obama continues to push for these types of deals, like the TPP. And Clinton has praised the TPP on several occasions until she ran against Sanders, calling into question her sincerity. The below history also questions her recent shift on the TPP. Recall Obama made the same sort of promises on trade deals for expedience and never lived up to them. Does anyone really think Clinton will not do the same? If so, based on what evidence when all of it says otherwise? An excerpt:


"Soon after taking office in 2009, Obama and his secretary of state — who is currently the Democratic presidential front-runner — began pushing for the passage of stalled free trade agreements (FTAs) with Panama, Colombia and South Korea that opponents said would make it more difficult to crack down on Panama’s very low income tax rate, banking secrecy laws and history of noncooperation with foreign partners. Even while Obama championed his commitment to raise taxes on the wealthy, he pursued and eventually signed the Panama agreement in 2011. Upon Congress ratifying the pact, Clinton issued a statement lauding the agreement. [...] Critics, however, said the pact would make it easier for rich Americans and corporations to set up offshore corporations and bank accounts and avoid paying many taxes altogether."

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