The BradCast really lives up to its name today, as I interview U.S. Congressman Brad Sherman (D-CA30) on his remarks reported by The Hill today, charging that President Obama’s support of the Trans-Pacific Partnership (TPP) suggests he is not in touch with “the real world”.
Rep. Sherman tells me that he believes the proposed (and still secret) trade pact is “a continuation of the worst trade policies in the history of mammalian life.” He explains how those policies have failed the U.S. “Over the last 30 years we’ve gone from being the number one creditor nation to the number one debtor nation. The number one surplus nation, to the number one deficit nation in history.”
“It’s perhaps a coincidence, perhaps not,” the Congressman tells me, “but just when our economy is getting to the point where you might see a few raises, we have this opportunity to enter into this agreement which will assure wage stagnation for at least another decade.”
In regard to the secrecy surrounding the proposal, the Congressman bemoaned that it’s a “one-sided propaganda machine where we get classified briefings from Administration experts and they’re able to say ‘I’m an economist. I’ve read and re-read every part of it and here’s why it’s great!'” But those who oppose it, he says, must “start by saying, ‘I haven’t been allowed to read it, but here’s what I think’.”
Sherman goes on to explain other concerns about the agreement, including money that he says will come out of medicare and currency manipulation by China and Japan, which the agreement does nothing about. “China gets 80% of the benefits of this deal,” without even needing to be a party to it, Sherman argues. He also explains how you can help stop the deal. [Hint: He says call your Congressmember and then call them again at 202-224-3121.]
Also in the show, I explain again why I believe we’re on the cusp of a Progressive Era in this country and a bunch of listeners call in to tell me whether I’m right or wrong about that…
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