Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Wednesday, May 13, 2015

TPP Fast Track Goes Down

Probably a good thing.  Fast track means that the deal can only be voted up or down, which I guess could have happened even if Fast Track was approved yesterday.

I can't understand why ostensibly Democratic politicians continue to see merits in free trade.  It's not good for American workers.  If you wanted to condition TPP on raising the minimum wage and expanding Medicaid, then I can see why you would do this.

But overall, the TPP debacle was a return to the days when Obama wanted to negotiate with himself and always wound up losing.

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