Things I learned which caused me to respond. Since I had no idea what the Transpacific Pact was and I had to dig.
The TPP is, "...a free trade agreement currently being negotiated by nine countries: The United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam". Wikipedia
The TPP was first discussed by Pres. Obama in 2009.
The first negotiations were held in 2011 and covered in a fair amount of detail. "On November 12, 2011, the Leaders of the nine Trans-Pacific Partnership countries – Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, and the United States..."(USTR.gov)
Yep. Theres only nine countries involved in this plot to unravel our protections.
However, those nine countries (led by us, of course) pack a financial wallop. A quick rundown:
TPP market snapshot (including Australia)
GDP: US$28,136.0 billion (2012)
GDP per capita: US$35,488 (2012)
Population: 792.8 million (2012)
Trade with Australia: AU$214,224 million (2012)
TPP % of world GDP: 39.0% (2012)
TPP % of world population: 11.3% (2012)
TPP % of world trade: 25.8% (2012)
I found many sites with references to SOPA and PIPA. So, I had to search some more and refresh my memories of those. (They bit the legislative big one in 2012). If you're interested, look it up.
Check out the USTR website and you can probably get enough information to make your own decision.
The TPP does not included China ,but the rules set in place could easily be circumvented by reporting Chinese goods through Viet Nam, for example. US participation in this scheme is not benign because US companies have placed trade above the national interest. The pact if realized will result In yet another wealth transfer from the middle class and the poor to the wealthy.The Australians might see this pact as a benefit because they are quickly becoming economically dependent on China. Obama might see this as having some strategic value. In my opinion, the pact will further erode our already faltering economy.
Since Vietnam and China are historical enemies, I fail to see the entry of China into the mix as a likely development. And since the negotiations are secret as to thecontent of the discussions (the only disclosed -leaked- content I found related to intellectual property rights). I find little specific enough to get up in arms about.
Bryant, China and Japan have been traditional enemies and yet they still trade. We will eventually fight with China and yet we trade with China. Go to the Public Citizen Web site and then make up your mind.
Just another example of this Administration underminding the future of our country. It does everything in secret.
It's not a socialist plot ,but it is a plot of sorts. I would like Obama to remember that he is President and not a member of the chamber of commerce. We've had quite enough of the Reagan Revolution by now.