Globalists Plan to Ram Through TAA Next Week

Alabama Senator Jeff Sessions warns there will be another attempt in Congress on Tuesday to push through TAA and fast-track authority.

“If that happens, it will empower the President to form a Pacific Union encompassing 40 percent of the world’s economy and 12 nations—each with one equal vote. Once the union is formed, foreign bureaucrats will be required to meet regularly to write the Commission’s rules, regulations, and directives—impacting Americans’ jobs, wages, and sovereignty,” Session says in a statement posted on his Senate web page.

The Trade Adjustment Assistance (TAA) would allegedly protect workers from the consequences of the Trade Promotion Authority (TPA). House Minority Leader Nancy Pelosi and House Speaker John Boehner crafted TAA as a compromise to nudge Democrats who fear a backlash from constituents.

TAA, however, would not protect workers as transnational corporations continue to pillage industries and move jobs offshore under TPA and fast-track.

“Fast-track will not only apply to the Pacific Union, but can expedite an unlimited number of yet-unseen international compacts for six years. There are already plans to advance through fast-track the Trade in Services Agreement, the goal of which includes labor mobility among more than 50 nations, further eroding the ability of the American people to control their own affairs,” writes Sessions.

The globalists are using trade deficits and “labor mobility” to further reduce wages of American workers. TPA would extend and increase the corrosive effect of job losses begun under NAFTA.

“Between 1979 and 1994, trade eliminated 2.4 million jobs in the U.S.,” Robert E. Scott, an economist for the Economic Policy Institute, told the Senate Finance Committee in 1998. “Growing trade deficits were responsible for most of these job losses, which were concentrated in manufacturing, because most trade involves the sale of manufactured goods. NAFTA added to the flow of jobs out of the U.S. by encouraging firms to move production to Mexico and Canada. Our trade deficit with both countries increased from $16 billion in 1993 to $48 billion in 1996 (in constant 1987 dollars). The U.S. lost 395,000 jobs as a result of the NAFTA deficits.”

Japan and Mexico eventually lost manufacturing to China. In 2013 the overall U.S. trade deficit with China expanded to $315 billion. “That big drain tends to slow U.S. economic growth at a time when our government debt is huge and unemployment is high,” writes Russell Flannery for Forbes.

Establishment economists routinely state globalist free trade is healthy for the economy and creates domestic jobs.

“The claim that jobs offshoring by US corporations increases domestic employment in the US is one of the greatest hoaxes ever perpetrated,” writes Paul Craig Roberts, who served as Assistant Secretary of the Treasury in the Reagan Administration. “Over the last decade, the net new jobs created in the U.S. have nothing to do with multinational corporations.  The jobs consist of waitresses and bartenders, health care and social services (largely ambulatory health care), retail clerks, and while the bubble lasted, construction.

“These are not the high-tech, high-paying jobs that the ‘New Economy’ promised, and they are not jobs that can be associated with global corporations. Moreover, these domestic service jobs are themselves scarce.” ….

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