In the 2016 Presidential debate a week ago, Hillary Clinton tried to deny the allegations brought up by Donald Trump about her support of the Trans-Atlantic Partnership (TPP) deal. She denied that she called it “the gold standard” of trade deals, but this video is proof that she did indeed support it and that she lied when she said she never gave her stamp of approval.
On Deplorable Aaron’s Twitter account, he shared a video of Hillary personally lobbying for the TPP deal. It makes it hard to trust Hillary’s words, when they come back to contradict her, and I’m sure it makes people wonder how many more of her statements are also untrue.
The TPP is a deal involving 12 other counties: The U.S., Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile, and Peru.
Its goal was to strengthen economic ties between these nations, slashing tariffs and fostering trade to boost growth.
Member countries also wanted to foster closer relationships on economic policies and regulations; this agreement would basically create a new single market for something like EU.
Sounds good, right? Then why are so many people against this alliance?
It’s easy to make it seem like such an agreement is an economic solution for the shrinking middle class and the stagnant wages that most workers face today in America. But here is the reality: There are good economic reasons that point to the TPP not only failing to provide the promised benefits, but actually make things worse.
True, economic gains can be made through trade liberalization where barriers are high, but tariffs are low (the estimate of the average being 2.7 percent). But put this next to the surging U.S. dollar, which has jumped up 26 percent since July 2011.
A more expensive dollar will make imports cheaper and exports less competitive in foreign markets. This exchange rate would swamp the benefits from the small reduction in the tariffs.
A fact of the matter is Vietnam would eliminate tariffs on things like skis and snowplows, and Brunei and Malaysia would eliminate tariffs on pork. In more than half of the 18,000 categories, the U.S. exported nothing to the nations outlined in the TPP last year. In the remaining 7,500 categories, Americans only sold small amounts.
One study said that the TPP would have zero effect on U.S. GDP, but with models that incorporate more realistic assumptions, economists find a net GDP loss for the U.S. from the TPP.
TPP is just not good for the American people, or our country in general. Period. Read more about the TPP deal here.
It is not really surprising that Hillary Clinton would back this deal once you look at the facts, she focuses far more on other countries and what’s best for them than she does for her own American people. And Obama is the same exact way, and that’s why he made this deal in the first place.
What do you think about the TPP deal, and Hillary’s claims that she no longer supports it?
H/T: Angry Patriot Movement
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