Trump Pulls The US out of TPP. Hurray!!!

[lavaalamp]

Actually a lot of liberals are against TPP which is why Clinton forcibly took that position.

You mean Copied from Bernie for the votes :P

[Thepersona]

Possibly heavy editing, but then I doubt the deal would have the backing of the power cliques that wanted it so badly.

It may have. I mean, trade deals arent the root of all evil, and i really think that tax evasion (via safe havens, or other things) are worse for the worker.
All in all, this wasnt a smart move, not because i like tpp, but because this gives china the chance to reap the pacific market

[Draco-Onis]

So now Liberals are for TPP and Conservatives are against it?

WHAT FUCKING WORLD IS THIS?

I say this issue is not liberals vs conservatives, there are people for and against it on both camps. TPP had wide bi-partisan support before the election including that of the leaders of congress.

[Cyberowl]

So now Liberals are for TPP and Conservatives are against it?

WHAT FUCKING WORLD IS THIS?

Nuances, my friend, nuances.

[cuafpr]

Real fact: obama did because the congress was a total mess and didnt do anything. Trump has a republicsn congress, he can pass laws and shit there

obama had a DNC congress for his first couple of years, and not my fault the DNC lost seats, nor that Obama couldn't find compromising grounds. I just think its funny how on so many things the sides are flipping. (also the "alternative fact" was pure funnsies.. and is a new word/phrase around the office here)

[Spectral]

One thing I find interesting is that the news doesn't seem to have made a lick of difference to stock markets. If the people investing in companies don't seem to much care, it doesn't seem to me that I should much care about this. Can someone provide alternative logic that would knock this thinking down with regard to TPP?

[Paranoid Android]

I'm wondering why some people are so opposed to capitalism and free markets? It's especially astonishing coming from people who consider themselves to be conservatives.

Seriously? Do you remember not even a year ago when there was a thread about: CEO's wages, Corporate taxes/tax shelters and FoxConn. I remember all the people who call themselves conservatives cheering for multi-national corporations making the most money they can.

If you google; "How much iPhone costs made in American", you see from around $2k a phone to some crazy shit up to $5k (this is when they do crazy tax shit, providing health care, etc.). I remember clearly these type of articles being linked and people cheering corporations like Apple going FULL CAPITALISM!!

[Cyberowl]

obama had a DNC congress for his first couple of years, and not my fault the DNC lost seats, nor that Obama couldn't find compromising grounds. I just think its funny how on so many things the sides are flipping. (also the "alternative fact" was pure funnsies.. and is a new word/phrase around the office here)

What was the quote? "We will make sure Obama won't get anything done until we vote him out?" Shame on Obama on not finding compromising grounds, even though he tried in the first 2 years (when they had congress), with such adults!

[Kujako]

What was the quote? "We will make sure Obama won't get anything done until we vote him out?" Shame on Obama on not finding compromising grounds, even though he tried in the first 2 years (when they had congress), with such adults!

If only Obama had compromised by admitting he was a Kenyan, Muslim, terrorist, Nazi Socialist and left the country in shame Congress wouldn't have had to be so obstructionist!

[Maletalana]

That's what they advocated. In theory, this could have happened. I doubt that it would. It's more likely that wages in asia will remain crappy, and then all TTP would have done is to make shifting goods around the pacific cheaper. And I highly doubt that these savings would have made their way anywhere near the customers. Guess we'll never know.

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[Cosmic Janitor]

So now Liberals are for TPP and Conservatives are against it?

WHAT FUCKING WORLD IS THIS?

A world where your opinion is defined by doing the oppsite of what your sworn enemy does. It's hillarious tbh.

[Paranoid Android]

So now Liberals are for TPP and Conservatives are against it?

WHAT FUCKING WORLD IS THIS?

The way I always look at is. You cannot stop globalization and automation. I would love to have good paying manufacturing jobs in the U.S. Not gonna happen.

My solution is for corporations to pay their fair share, included are CEO's/Execs and shareholders. The people who gain the most from corporations, who will never bring back jobs over a tax break. They will always take that money in order to increase their value or shares of the company.

[sololux]

No country is going to stop trading with the U.S. because of this. We are the largest consumer nation in the world by a large margin. These other countries may not like us dropping the tpp at first, and may even try to resist somewhat. But eventually they will fall in line when the loss of money starts rearing it's head.

[Aflakk47]

One thing I find interesting is that the news doesn't seem to have made a lick of difference to stock markets. If the people investing in companies don't seem to much care, it doesn't seem to me that I should much care about this. Can someone provide alternative logic that would knock this thinking down with regard to TPP?

Stock Market =/= Actual market. Stock prices are merely a public image of a company, not how it's actually performing, as seen by some stock prices dropping by Trump sending a tweet. Also, a lot of these company's factories are in China, a country that was never a part of the TPP, so it has zero effect on them regardless.

[araine]

Hilarious. The same crowd condemning Obama for Executive Order usage, starts praising their God Lord Trump for starting that on his very first day.

They would love for the fuhrer to run the country without any checks and balances ever. they want it all thru executive order so they get the true feeling of having a nazi dictator in place

[Sinyc]

The TPP was slated to create jobs, reduce the cost of goods, and help strengthen American influence in the Pacific, but yeah, why would anyone want that?

Because there was a lot of filler tacked on? That a lot of reputable news orgs were not happy with the TPP?

Sure it might have done some good, but it was a poorly written document stuffed with BS. I'm sure the world could have done better if it wasn't written in secrecy.

[Machismo]

Seriously? Do you remember not even a year ago when there was a thread about: CEO's wages, Corporate taxes/tax shelters and FoxConn. I remember all the people who call themselves conservatives cheering for multi-national corporations making the most money they can.

If you google; "How much iPhone costs made in American", you see from around $2k a phone to some crazy shit up to $5k (this is when they do crazy tax shit, providing health care, etc.). I remember clearly these type of articles being linked and people cheering corporations like Apple going FULL CAPITALISM!!

I do cheer full capitalism, so I guess I would be one of those people. I support free markets,a nd would simply choose to bot buy those products.

[Aflakk47]

No country is going to stop trading with the U.S. because of this. We are the largest consumer nation in the world by a large margin. These other countries may not like us dropping the tpp at first, and may even try to resist somewhat. But eventually they will fall in line when the loss of money starts rearing it's head.

Consumers, yes. But not exporters. Some countries that were a part of the TPP, notably Japan, imports 1/2 the GDP worth of goods that the US imports from them. The US has a larger trade deficit with them than they do with Mexico, and now Trump is going to grow this gap even further.

[Manabomb]

That's what they advocated. In theory, this could have happened. I doubt that it would. It's more likely that wages in asia will remain crappy, and then all TTP would have done is to make shifting goods around the pacific cheaper. And I highly doubt that these savings would have made their way anywhere near the customers. Guess we'll never know.

Considering the left uprising in china right now with the demand for better work environments and competitive wages, I seriously doubt you have any idea what you're talking about.

[Draco-Onis]

One thing I find interesting is that the news doesn't seem to have made a lick of difference to stock markets. If the people investing in companies don't seem to much care, it doesn't seem to me that I should much care about this. Can someone provide alternative logic that would knock this thinking down with regard to TPP?

The market already priced it in months ago when Trump won, the stock market bets on future events and only gets disturbed if those predictions don't happen. At the moment stocks are very happy with Goldman Sachs ruling Washington, 75% cut in regulations, gutting Dodd-Frank, CFPD, tax free holidays (bring money back to US for M&A and buybacks) and tax cuts for the wealthy.

The market is celebrating having the good old days of 2008 again.