Official Washington has long embraced “free-market” mantras, whether bank deregulation or fast-track trade bills promising prosperity for all. But the promises have been hollow, hollowing out the Middle Class and now causing problems for President Obama’s Pacific trade deal, write Bill Moyers and Bernard Weisberger.
By Bill Moyers and Bernard Weisberger
Pro-democracy forces won a big victory Friday when they stalled the top-secret Trans-Pacific Partnership trade agreement backed by the White House and the Republican leadership in Congress.
But it’s only Round One. The unholy trio of Republican Senate Majority Leader Mitch McConnell (who has vowed to keep any of President Barack Obama’s nominees from being confirmed), Speaker of the House John Boehner (who has thwarted just about every Democratic legislative proposal of the past several years), and President Obama (a Democrat, in case you are having trouble remembering) are as one in a desperate effort to rescue their Frankenstein-like creation.
President Barack Obama speaking in support of the Trans-Pacific Partnership trade agreement. [Photo credit: White House]
Their only hope is to bribe, browbeat, or brainwash enough House members to change their minds. It could happen. The journalist John R. MacArthur, writing late last week in the Providence Journal, tells how New York Democrat Kathleen Rice flip-flopped. Not long ago, she opposed fast-tracking the Trans-Pacific Partnership because she worried it would not “protect her district’s working families.” As well she might; this agreement is everything the giant corporations want; it decidedly wasn’t written with working people in mind.
But last week, Rep. Rice suddenly stopped worrying about those workers and went over to the other side, voting in favor of fast-tracking one of the most massive giveaways to multinational companies ever – including corporations that have been shipping jobs overseas and pocketing their swollen off-shore profits to avoid taxes.
How in the world could Rice betray her working-class constituents, the people who trusted her to look after their interests? What changed her mind? For one thing, the President assured…