Clinton Once Called TPP ‘Gold Standard’ And Had It Praised As Significant

“I’ve been trying to learn as much as I can about the agreement, but I’m anxious”. But once she saw her socialist rivals gaining on her, she turned against it. It has also put her at odds with those she worked with most closely during her time in the administration. In part, that’s because she doesn’t know all the details, as she acknowledged. Meanwhile, the paper and iron and steel industries would see their taxes cut by 25 percent.

Whether it’s a fair judgment or not, Clinton’s reputation for triangulation and an excessive wet-finger-in-the-wind approach to policy is going to dog any leftward change in viewpoint-or seeming change-that she makes throughout the campaign, even when those new viewpoints are ones her liberal critics support.

“The president understands that presidential politics are tough”, Earnest said, adding that candidates often “distinguish themselves” against the current occupant of the Oval Office. Then, as now, she sought the support of critical labor groups who oppose free trade.

The truth is that nothing in Clinton’s pro-business, pro-trade establishment background would lead you to expect such a position.

Well, the negotiations recently came to a close, and Clinton promptly announced that she opposes the deal.

“Wow, that’s a reversal”, said former Democratic Gov. Martin O’Malley who had taxed Maryland into the ground, and wants to do the same thing to our country.

Clinton aims to “tackle abuses and risks at big banks as well as other institutions”, a campaign aide said.

Hillary Clinton, the US Democratic Presidential candidate, has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). But she was always careful to say that the deal needed to be negotiated properly.

In fact, it is interesting to observe how Hillary Clinton the presidential candidate is diverging in her view about the TPP from the one she held as Hillary Clinton the Secretary of State.

But as Tim Lee notes, Clinton strongly supported early versions of the deal – she called the TPP “the gold standard in trade agreements” – that were worse on pharmaceuticals and identical on currency manipulation…

In the Bloomberg appearance, Hormats, a former Goldman Sachs vice chairman, conceded that the full terms of the deal are not yet known, but said that “on the base of what I’ve seen, it looks like we’re doing quite well”. South Korea has developed many bilateral trade deals around the world.

“I have said from the very beginning that we have to have a trade agreement that would create good American jobs, raise wages and advance our national security, and I still believe that is the high bar we have to meet”, said Clinton.

Biden, who is considering running for president, made no mention of the controversial trade deal as he addressed union officials Wednesday at a White House workers summit. There are also concerns about the provisions in the deal itself. The anecdotal accounts of those sector losses have driven opposition to trade deals among unions and many Democrats.

The agreement is meant to reduce the red tape associated with global trade, bringing it into the 21st century.