The Means Committee and the House Ways are scheduled to give their votes on the “fast track” bill, following a similar one that received approval from the Senate Finance Committee on Wednesday night.
If the fast track bill gets approved, then the presidential authority would receive a renewal to present the deals of the trade so that the Congress can either reject or endorse the bill, but to not amend it.
President Obama wishes that the powers of the fast track bill to advance to free-trade plans, such as the Trans-Pacific Partnership between 12 nations.
But not everyone agrees with Obama’s new proposal. Many labor unions and liberals argue against the fast track bill, saying that a free-trade pact would affect negatively the jobs of numerous U.S citizens.
However, it appears that the democrats are even more opposed to the new bill than others are. Sander Levin of Michigan, one of the top democrats from Ways and Means Committee, offers an alternative to the fast track. Levin says that his proposal would ask more from the trading partners and would resolve some issues that have to do with the workers involved, such as their working conditions and the currency policies.
Levin’s alternative bill received the support of many democrats, including from Nancy Pelosi of California, House Democratic leader.
Those who are in opposition with President Obama lost the first round when the fast track bill was approved on Wednesday.
The Senate Finance Committee defeated what some called a measure of “currency manipulation”. Obama’s aides said that this would help undo the Pacific Rim deal.
Votes for and against the supplying were approximately equally dived between the Democrats and the Republicans, which highlighted and unusual, and probably a weak, political arraignment on the trade bill.
In the end, the committee voted 20 to 6 for the passing of the fast track bill.
According to the officials, the only Republican in the committee to vote against the bill was Senator Richard Burr of North Carolina.
Orrin Hatch, R-Utah, the Committee Chairman, explained that the by approving the fast track bill, there is the promise of future “high standard” trade deals.
There are not many issues dividing the Democrats as much as trade does. President Obama, just like the previous President, Bill Clinton, is a supporter of free trade. However, many Democratic lawmakers are against it.
Obama’s and Clinton’s stands, as well as the liberal’s opposition, is confusing Hillary Rodham Clinton, the former first lady who will be running for presidency herself.
Hillary Rodham Clinton in the middle of her campaign and this week she is in New Hampshire. Although many have asked her about how she feels about the Pacific Rim proposal, she has declined to express her position for the time being.
Hillary Rodham Clinton has been mocked by her rivals in both parties. However, Obama still remains the focus of angry debates, especially from his fellow colleagues from the Democratic party.
In his defense, President Obama said that his Democrats who oppose him have gotten their facts wrongly.
Obama stated last week that he would not be allowing this type of trade deal if he was not 100% certain that the middle class will definitely benefit from such a bill.
The President of the United States also claimed that one of the Democrats who did not understand what the trade bill is about is Sen. Elizabeth Warren of Massachusetts. Obama said that Warren is “wrong” when expressing her opinions on the issue.
However, Warren responded in a blog post to what Obama said about her, stating that the US government does not want the people to know what the “massive new trade agreement” is about. Warren went even further with her statement calling the trade “top secret”.
But Obama and his supporters of the trade bill say that such claims are not true. They say that the fast track trade and others similar to it have been negotiated very carefully and will be held before public scrutiny for many months before the final voting will happen.
Obama and his trade allies had a moment of panic when on Wednesday, Republican Senator Rob Portman of Ohio tried to persuade the Finance Committee to take better measures against the nations that supposedly keep their currency low.
He said that this practice can improve exports by making the local products a lot more affordable to foreign buyers.
However, economists said that they don’t think that nations like China and others like it engage in such practices.
The officials of Obama’s administration said that any attempts to restrict the manipulation of currency can actually have serious consequences and can lead to trade wars.
Image Source: news.yahoo
Latest posts by Alan O’Leary (see all)
- Woman Found Alive After Missing for 42 Years - Oct 30, 2017
- October Will Welcome The Draconid Meteor Shower And The Orionids - Oct 6, 2017
- Scientists Are At A Loss After Unearthing A Porpoise Grave - Sep 22, 2017