Corrente

If you have "no place to go," come here!

Class Warfare

letsgetitdone's picture

Get Ready to Call 'Em Out On the TPP!

So, on May 22, the Trade Promotion Authority (TPA) (“Fast Track”) Bill passed the Senate 62 – 37, with 14 Democrats defecting to the pro-Fast TracK/Trade-Pacific Partnership (TPP) forces. However, all was not wine and roses for the Administration and Fast Track/TPP proponents in the Senate.

First, the pro-TPP forces sustained a temporary defeat on May 12, when the Senate would not approve debating Fast Track, introducing delay into the process. The problem was quickly fixed with agreements to consider and vote on related issues such as Trade Adjustment Assistance, forced child labor, and currency manipulation outside of Fast Track. But nevertheless the glitch was unanticipated, and looked bad for an Administration wanting clear sailing in the Senate for Fast Track. Read more about Get Ready to Call 'Em Out On the TPP!

metamars's picture

Japan's PM Confirms TPP => "unrestricted immigration"

The TPP should be fought on all fronts, but due to the well known partiality of Republican lawmakers for TPP (as compared to Democrats), an intelligent strategy to destroy the prospects for TPP should target Republican constituencies with Read more about Japan's PM Confirms TPP => "unrestricted immigration"

metamars's picture

350.org signs anti-TPP letter, threatens to hold its breath until it turns blue

Wondering what the 350.org folks are doing to abort TPA, I checked out their website, after ascertaining that they signed onto the the anti-TPP letter that has 2009 group signatories. Read more about 350.org signs anti-TPP letter, threatens to hold its breath until it turns blue

letsgetitdone's picture

TPP: The Fascism Issue

If the Trans-Pacific Partnership (TPP) Agreement will, if implemented, and as I've argued elsewhere, result in the death of national and state sovereignty, constitutional separation of powers, and democracy, then what system and what principles will replace these things? Read more about TPP: The Fascism Issue

letsgetitdone's picture

Fast/Track/TPP: The Death of National Sovereignty, State Sovereignty, Separation of Powers, and Democracy

Most of the critical attention given to the Fast Track Trade Agreement legislation and to the associated Trans-Pacific Partnership (TPP) Congressional – Executive Agreement on mainstream corporate media and by politicians and establishment interest groups interacting with them in the beltway echo chamber, has focused on the likely or possible economic impacts of these. But relatively little attention has focused on sovereignty, constitutional separation of powers, or democracy impacts, which however are being covered increasingly well in alternative social media. See here, here, here, and here. Read more about Fast/Track/TPP: The Death of National Sovereignty, State Sovereignty, Separation of Powers, and Democracy

letsgetitdone's picture

Ridiculing Concerns About TPP Tyranny: A Reply

People who support the Administration's efforts on the TPP have been known to reply to my posts on this subject by attempting to ridicule the scenarios I've presented as possible under the TPP Agreement as “out there” speculation of the tin foil variety that will never actually happen. For those who think that my examples of what is possible under the TPP are just this kind of speculation, please keep in mind that I don't have the proposed draft agreements to work from.

This is due to the President's decision to classify the drafts and seek Fast Track Authority before disclosing them more freely even to Congress for an up or down vote. However, there is no indication from anyone that the actual drafts of the agreement contain rules that would definitively prevent the possible very damaging consequences I've mentioned here for example. Read more about Ridiculing Concerns About TPP Tyranny: A Reply

letsgetitdone's picture

Indicting the Trans – Pacific Partnership: Even One of These Counts Is Sufficient to Vote to Kill It!

To really appreciate what a travesty the TPP is, and the scandal of the failure of our Congress to reject it, and the “Fast Track Authority“ sought for it, out of hand, I'm going to list 23 negative consequences that would likely follow from it. Any one of these, would, by itself be sufficient for any representative of the people, Senator or Congressperson, to vote to kill it. I'll offer this list in the form of stanzas appropriate for a chant, except for the starting point in the list.

The tune of the chant that might be used is the tune used for Dayenu, the passover seder chant in which Dayenu means “It would have been sufficient,” where the reference is to all the things the almighty is purported to have done for the Israelites on their way out of Egypt and during their wanderings in the Sinai. I'm sure the President is familiar with this chant since he has had seders at the White House more than once. I'm also sure that he never envisioned using Dayenu to highlight the horrors of one of his favorite projects, the passage of “Fast Track Authority,” the TPP, and other “free trade” agreements such as the TTIP, and the TISA, all of which would get “Fast Track Authority” if the present bill passes. Read more about Indicting the Trans – Pacific Partnership: Even One of These Counts Is Sufficient to Vote to Kill It!

letsgetitdone's picture

How Can Our Senators and Representatives Vote for Giving Away Our Monetary Sovereignty?

Right now the US fulfills the three essential conditions for monetary sovereignty: 1) it issues its own non-convertible currency, 2) which it allows to float on international currency markets; and 3) it owes no debts in any currency other than dollars. Because it is monetarily sovereign, and can always meet its obligations the US can never be forced into insolvency.

It can become insolvent due to Congressional decisions such as failing to raise or repeal the debt ceiling, or Executive decisions such as failing to use its platinum coin minting authority to fill the public purse and then pay its bills once it has reached the debt ceiling. But again, it cannot be forced into solvency by external financial or economic factors that are beyond the control of the Federal Government (including the Congress). Read more about How Can Our Senators and Representatives Vote for Giving Away Our Monetary Sovereignty?

letsgetitdone's picture

Consent of the Governed: Stop the Emerging TPP Tyranny!

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, . . .

This, of course, is from the Declaration of Independence, one of the sacred texts of American politics and political theory. When the consent of the governed is superceded, or is not given due to force or manipulation, then that is tyranny and illegitimate, because no powers of such a government are or can be just.

So, let's ask, based on what we know about the proposed Trans Pacific Partnership Agreement from leaks of current drafts, and also based on the proposed procedures for enacting it, and those for exiting the agreement, is it true that the TPP, if passed, would have the consent of the governed and hence be legitimate? Or would it be an instance of imposition of tyranny on the American people and also on the people of other signatory nations? Read more about Consent of the Governed: Stop the Emerging TPP Tyranny!

letsgetitdone's picture

When Will the White House and OMB Ever Learn About Sector Financial Balances?

In my last post I asked this same question about the House Budget Committee. As my readers saw in that one, the attempts at deficit reduction leading to budget balance were so severe that they implied that if the House budget were followed, and if the economy did not collapse before the decade projection period ended due to a collapse of aggregate demand, then private sector deficits would be produced in every year from 2017 – 2025. In addition, since the budget provided for severe cuts to federal spending designed to benefit poor people and the middle class, it was likely that the private losses from this budget would be concentrated on the people who can least well absorb them.

In this post, I'll review the sectoral financial balances implications of the White House/OMB projections to see how they compare to those of the House Budget Committee. I'll begin by repeating the explanation of sectoral financial balances basics I included in my earlier post. Read more about When Will the White House and OMB Ever Learn About Sector Financial Balances?

letsgetitdone's picture

When Will CBO and the House Budget Committee Ever Learn About Sector Financial Balances?

It never ceases to amaze me that those who offer budget plans and projections never take into account the reality that their projections must be consistent with implications of trends in sector financial balances for their projections. This is a simple lesson that those playing the fiscal responsibility game never seem to learn. Certainly this is true of the Republican House Budget Committee, as we'll see.

The Sector Financial Balances (SFB) model is an accounting identity, and these are always true by definition alone. The SFB model says:

Domestic Private Balance + Domestic Government Balance + Foreign Balance = 0.

The terms refer to balances of flows of financial assets among the three sectors of the economy in any specified period of time. Why must there be flows? Because the three sectors trade financial assets with one another. So, the equation says that the sum of all the balances of flows for the three sectors of the economy is zero, because, since there's only so much in assets traded in any time period, the positive balance(s) of one or more sectors relative to the others must be matched by the negative balance(s) of the other two sectors. Read more about When Will CBO and the House Budget Committee Ever Learn About Sector Financial Balances?

letsgetitdone's picture

The New York Times Covers the TPP: A Commentary

Wikileaks did us all another service yesterday by releasing the “Trans-Pacific Partnership Agreement (TPP): Investment Chapter Consolidated Text,” and collaborating with the New York Times to get the word out. Jonathan Weisman wrote the story for the New York Times. Apart from providing a very high level and very selective summary of what the chapter says, the article contains talking points used by proponents and opponents of the TPP. I think a close commentary on the article and associated issues would be useful. So here it is. Read more about The New York Times Covers the TPP: A Commentary

Return of the Firing Squad!!! WTF???

Thread: 

In “The firing squad returns to America” Barry Grey rails against the re-institutionalization of the firing squad for capital punishment in the state of Utah this week.

How is this systematized sadism and violence to be explained? Can we expect to see demands for the return of other practices? What about drawing and quartering, evisceration, garroting?

Pages

Subscribe to RSS - Class Warfare