The Trans-Pacific Pact or TPP has become a major issue in the presidential campaign. As I reported, Trump opposes its passage. This caused Clinton to flip-flop on the deal she negotiated. One of the problems is that there is likely to be votes on the line depending on who comes down where on the deal.
Now, we have the Libertarians coming out and marking their territory.
The Washington Times reports
Former Massachusetts Gov. Bill Weld, the Libertarian Party’s vice presidential nominee, says for proponents of free trade, there’s only one game in town this year.
“We’re the only free trade ticket in the race,” Mr. Weld told The Washington Times on Wednesday near the site of the Democratic National Convention.
Mr. Weld, the ticket mate of Libertarian presidential nominee Gary Johnson, said he supports the Trans-Pacific Partnership, and he lauded former President Bill Clinton for successfully getting the North Atlantic Free Trade Agreement (NAFTA) passed during his presidency.
“That was done with Republican votes, and Bill Clinton pulled it off, and I think it was an enduring part of his legacy,”Mr. Weld said.
So, when we talk about these “Free-Trade” agreements, what we are really talking about is a flat trade treaty. Every signee agrees to allow every other signee to sell within their borders with no tax or tariff on those goods. In exchange, you get the same deal. Sounds good huh? Well not so fast.
What if you find that those you made the deal with really had no manufacturing and really did not sell anything? Well, that sounds even better. You as a large manufacturing country are getting all the benefits from the deal. But wait, there is another glitch.
As a country with literally no manufacturing jobs, your partner’s standards and cost of living are lower. This means that their people are willing to work for far less money. They are not concerned about work conditions or hours. And they usually do not give a rip about environmental concerns.
So, lower wages, less complaining workers and no unions, and no tariffs to bring the price of the product up. What then stops your manufacturing companies from relocating their manufacturing to your partner’s country? This has been the real legacy of NAFTA and Clinton.
So, why would Republicans and the higher up Democrats both try to shove this through Congress? The one clear answer is that they are on the payroll of the big manufacturing companies. And it seems that the Liberal Libertarians are also out to get their share of the payoff.
What is the only thing that would make a Libertarian turn on the American worker? Money!