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President Obama Gives Up On The Trans-Pacific Partnership (theguardian.com)

An anonymous reader quotes The Guardian: White House officials conceded on Friday that the president's hard-fought-for Trans-Pacific Partnership trade deal would not pass Congress, as lawmakers there prepared for the anti-global trade policies of President-elect Donald Trump. Earlier this week, congressional leaders in both parties said they would not bring the trade deal forward during a lame-duck session of Congress, before the formal transition of power on January 20.
One Canadian law professor had argued the case against the TPP included its unbalanced intellectual property rules and risks to privacy, while the EFF believed it locked in the worst parts of U.S. copyright law and also exported them to other countries.

16 of 355 comments (clear)

  1. MPAA, RIAA and Big Pharma by QuietLagoon · · Score: 5, Insightful

    From what I've read, the law was written by the MPAA/RIAA cartel, along with considerable input from Big Pharma. The law was designed more for the protection of those conglomerates, and less for any benefit of consumers. There's a reason why the creation of the law was so secretive.

    1. Re:MPAA, RIAA and Big Pharma by justthinkit · · Score: 5, Insightful

      So why did democrats want it, and republicans not want it?

      If we're not careful, we may have to give republicans the nod on this one.

      --
      I come here for the love
    2. Re:MPAA, RIAA and Big Pharma by Altrag · · Score: 5, Insightful

      It was written by a lot of big corporations -- those are just the ones we tend to hear about the most because that's what the Slashdot crowd tend to focus on.

      There's a lot of bad things in there for farmers and manufacturers as well, not to mention that whole investor-state bullshit that effectively lets companies override a country's sovereignty in order to protect their bottom line, weakening of environmental protections around the world and so on.

      Its basically every Christmas and birthday present ever wrapped up and given to multinationals at the cost of local businesses, consumer rights and jobs (at least American jobs. It'd probably be great for creating Malaysian sweatshop jobs as we outsource even more labor to the lowest-wage, lowest-legal-protections country in the TPP roster.)

    3. Re:MPAA, RIAA and Big Pharma by QuietLagoon · · Score: 5, Insightful

      ...and republicans not want it?...

      Since Inaugural Day 2009, the Republicans were against nearly anything and everything Pres Obama was in favor of. The Party of No, or have you been sleeping for these past eight years?

      .
      The Democrats were in favor of it because of the liberal Hollywood money.

    4. Re:MPAA, RIAA and Big Pharma by geoskd · · Score: 5, Insightful

      Wow, I think we might be seeing an actual difference. There was never any difference between Democrats and Republicans But there might be some difference between Trump and Democrats/Republicans. Most of it could be bad, but still...

      A very large segment of the population no logner cares if trump is good or bad, they are just sick of getting screwed by the politicians, and if trump ends up screwing them just like every other president in recent history, at least some of the elites are likely to take it in the shorts as well. Its the scorched earth mentality, and it is the logical result of 30+ years of policy that favors the wealthy at everyone elses expense. Anyone who thinks that this is a strictly the republicans doing, needs to take a close look a the Clinton economic policy (both of them) to realize that the democrats were just as complicit. These asshole politicians made their own bed over the last three decades and are either so insulated from their actual constituency, or so corrupt they don't care how bad they are screwing the majority of the people. I for one loathe Both trump and Clinton, but at least with Trump there is a chance that those with the power and the money will get the hint and in 4 years will put some policies on the table that actually benefit society instead of the new feudal lords. Policies like single payer health care, and free education are not just nice sounding ideas, they are all that stands between the trump hordes and open revolution. Trump was just a warning shot, the next round will be played with live ammo.

      --
      I wish I had a good sig, but all the good ones are copyrighted
    5. Re:MPAA, RIAA and Big Pharma by ranton · · Score: 4, Insightful

      "Since Inaugural Day 2001, the Democrats were against nearly anything and everything Pres Bush was in favor of. The Party of No, or have you been sleeping for these past eight years?"

      How little the left remembers or cares about history.

      Oh yes, because the Democratic party voted in lockstep to prevent the Iraq War, the Economic Growth and Tax Relief Reconciliation Act (Bush Tax Cuts), and the Emergency Economic Stabilization Act (TARP). Oh wait, no they didn't, because they know how to run a functioning government when they don't hold the presidency. Were you even out of grade school during Bush's terms in office, or do you just go out of your way to stay willfully ignorant of recent political history?

      The only major Bush program the Democrats did fervently fight was Bush's 2005 push to change social security, but in that case his own party couldn't even support him (and the public very strongly rejected his plans as well). They did oppose many of Bush's programs, such as his continuing the Iraq War as long as he did, but they never tried to shut down the government in a tantrum like today's Congress.

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      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    6. Re:MPAA, RIAA and Big Pharma by serviscope_minor · · Score: 4, Insightful

      A very large segment of the population no logner cares if trump is good or bad, they are just sick of getting screwed by the politicians, and if trump ends up screwing them just like every other president in recent history, at least some of the elites are likely to take it in the shorts as well. Its the scorched earth mentality, and it is the logical result of 30+ years of policy that favors the wealthy at everyone elses expense.

      It's not, though. I've heard it described as a brick through the window of the establishment with a yell of "can you hear me now". But it's not really like that. It's more like driving your battered old pickup at the 10 foot high cocrete wall surrounding the establishment. I mean sure, the nice wrought-iron fence in front of it will have to be replaced and the tasteful flower bed replanted, and there might be a couple of burst tires from the debris on the road. In some ways it will cost a lot more to put right than a simple brick through the window, but the don't care because unlike with a brick, nothing of danger got remotely close to them. And by golly the driver is going to get the worse part of that interaction.

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      SJW n. One who posts facts.
  2. Good News by blogagog · · Score: 5, Insightful

    Free trade is great, but the TPP was mostly not about trade. It was about copyright.

    1. Re:Good News by Loki_1929 · · Score: 5, Insightful

      Free trade reduces the inequality between wealthier and poorer nations. Great if you're in the latter. Bad if you're not one of the few elites in the former who can make that benefit you. It's not a win-win for both sides as the two-sides-of-the-same-coin major parties have been preaching in the US. It's absurd to believe otherwise. If the Democrats were actually still the party of the working class, they'd be fighting to retrain younger blue collar union workers for realistic transitions and protect older union workers (for whom retraining isn't realistic) from job exportation.

      Free trade isn't great for everyone. And as soon as someone came along and admitted that (instead of trying to explain to a 48 year old factory worker who's losing the only job he's had for 30 years to free trade, who has no other skills or education, who has no prospects moving forward, but does have a wife, two kids, and a mortgage, how this is all somehow good for him), all sorts of lifelong Democrats suddenly showed up to vote for that person (who was very much not a Democrat). Let's stop lying about this "rising tide raises all ships" bullshit and start telling the truth: if you're doing something where the skills involved are limited and the labor costs make up a sizable portion of the total costs involved, you're going to fucked first by free trade (because it's cheaper) and second by automation (because it eventually becomes cost-effective). Step one is admitting you have a problem (and this also requires recognizing that these people actually matter). Step two is figuring out what you're going to do for all the third-generation 48 year olds with two kids and a mortgage who are in this situation. And whatever that is, it better be realistic for them and it better pay at least 85% of what they were making before or no amount of belt-tightening is going to keep them going.

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      -- "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."
  3. First Victory! by fox171171 · · Score: 5, Insightful

    Seems like they are trying to make it sound like the TPP was a good thing, and Donald is ruining it for everyone. Except the TPP was definitely a bad thing for anyone who isn't the head of a huge corporation. Maybe this Trump thing could be a good thing.

    1. Re:First Victory! by WaffleMonster · · Score: 4, Insightful

      Only thanks to Sanders Clinton also was opposed to TPP. So even if she had won TPP wouldnt have gon forward.

      Hillary would have tweaked it slightly purely for political effect and then enthusiastically supported the changed version.

  4. Re:Trump is not anti-trade by MightyMartian · · Score: 5, Insightful

    The idea that tariffs were invented for "freedom" is absurd. They were invented to protect domestic industries against competition. And the lesson of erecting large tariff walls is that it is the consumer that ends up paying to protect these industries, and the industries themselves become ever less competitive, protected in a nice encirclement of economic privilege. But that cannot be sustained forever, and eventually when the door opens a little bit, the coddled and increasingly indolent domestic industry is crushed.

    Besides, the whole fucking thing is going to be automated in a few decades. Even the wage slaves of Bangladesh and China will be out of a job. And then what? Erect tariffs against foreign robots, or even better, against domestic robots?

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  5. Silver lining, such as it is by HiThere · · Score: 4, Insightful

    It's nice to see that there is one good thing to come out of this last election. And I guess I'd better cherish it, because there aren't many.

    --

    I think we've pushed this "anyone can grow up to be president" thing too far.
  6. Re:What's with this obsession with confrontation? by hey! · · Score: 5, Insightful

    There was never a single country that *invaded* Russia that didn't regret it profoundly. Russia (and the Russian dominated Soviet Union) has been successfully confronted many times.

    The "obsession" with confrontation is that it's run by an authoritarian who assasinates and jails his political opponents, is killing civilians wholesale in Syria, has subverted his country's electoral process, and has ambitions of creating an empire in Europe. Not opposing people like that is also something people have historically regretted. So the smart thing is to oppose him without invading his country.

    Fortunately for us Putin's run his country's economy into the ground with crony capitalism. It's too bad for the Russians but soon the economic disaster is going to curtail his international ambitions.

    I'm all for being friends with Russia. I said back in '92 George H.W. Bush was making a big mistake by not extending Russia the hand of friendship. But at present there's no way to separate Russia from Putin, and Putin should be contained.

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    Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  7. Re:obama had fewer executive orders by mukinrestak · · Score: 4, Insightful

    He also had more whistleblower prosecutions than all previous presidents COMBINED, all during "the most transparent administration in history".

  8. Re: ObamaCare is too expensive! by nehumanuscrede · · Score: 4, Insightful

    The only way to bring healthcare under control so folks can afford it at all will be to regulate it.

    When you allow Big Pharma and Hospitals the ability to charge whatever they want, does it surprise anyone when they put their profits first ?

    Regulate it and you'll go a long way in removing the need to have health insurance at all.

    The current state of healthcare in this country is barely treading water as it is. We're already seeing folks opt out of the plans due to high costs. Once enough go, the money to sustain the rest is gone and the whole thing implodes.

    The ONLY way this works is the plans have to be cheap enough for folks to afford. Two ways to achieve that:

    1) Get more folks to sign up* and / or
    2) Regulate the healthcare industry

    *Unlikely given the premiums and out of pocket costs are quickly rising.

    Don't regulate it and this will forever be a problem.

    Healthcare is a critical infrastructure. It should not be a system driven by profits.