Bill Moyers: Democrats Bow Down to Wall Street on Trade Deals

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John R. MacArthur of Harpers Magazine tells Bill Moyers that the TPP is a way to send more jobs to Vietnam, Malaysia and other countries.

Full Show: Democrats Bow Down to Wall Street
Moyers & Company, December 12, 2014

Negotiators from the 12-nation Trans-Pacific Partnership (TPP) are in Washington this week for a new round of talks which they hope will lead them closer to agreement on the trade deal. President Obama has called passage of TPP a “high priority.”

This week, Bill speaks with outspoken veteran journalist John R. MacArthur, president and publisher of Harper’s Magazine, about the problems with TPP, which is being negotiated in secret, behind closed doors. MacArthur says that the “free trade” agreement will take jobs away from Americans: “I guarantee you, this is a way to send more jobs [abroad], particularly to Vietnam and Malaysia.”

Obama’s commitment to trade is just another example of his indebtedness to Wall Street for massive campaign contributions. Hillary Clinton, who MacArthur describes as to the right of Americans’ political beliefs, may be scaring off progressives looking to run in 2016 as she is “very much in harmony” with Wall Street.

“There are a lot of people who would make good candidates, but they’re intimidated by the Clinton fundraising machine.”

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  • commented 2014-12-20 07:36:48 -0500
    This is an excellent, timely warning by Mr. Moyers. When President Obama joined the Republicans to pass the “Cromnibus budget” containing big giveaways to Wall Street and takeaways from the public, he showed he can’t be trusted to lead Democrats. We must rise up and defeat Obama on Fast Track and TPP.!!
  • commented 2014-12-20 07:36:46 -0500
    This is an excellent, timely warning by Mr. Moyers. When President Obama joined the Republicans to pass the “Cromnibus budget” containing big giveaways to Wall Street and takeaways from the public, he showed he can’t be trusted to lead Democrats. We must rise up and defeat Obama on Fast Track and TPP.!!