Sen. Hatch Pledges to Push Fast Track

December 05, 2014


Senator Orrin Hatch says he wants to push Fast Track authority next year as incoming chairman of the Senate Finance Committee.

The Senate Finance Committee has jurisdiction over trade. Hatch gave these remarks to the National Foreign Trade Council on December 3, 2014 when receiving the NFTC's 2014 World Trade Award.

"Let me be clear," Hatch (R-Utah) said in the prepared text of a speech to the NFTC, which gave him a lifetime achievement award. "I stand ready to work with [outgoing Senate Finance Committee] Chairman [Ron] Wyden, my colleagues in the Senate and the House, and the administration to get it done, get it done right, and get it done soon.
"But I also want to be clear that I will not wait forever for everyone to be satisfied before moving forward," Hatch said just a few hours after Obama told the Business Roundtable of corporate CEOs that he planned to work on building support in Congress and the American public for approving TPA.

Hatch has not been a leader in reining in foreign mercantilism.  The Fast Track legislation he cosponsored last January, but which has not passed, gives the President authority to engage in "diplomatic legislation" with mere non-binding friendly suggestions from Congress. This authority covers not only tariffs and quotas, but many other areas of Congress lawmaking power - i.e. the environment, tax, immigration, buy American, food and product safety rules.

The result of these trade deals has been illusory trade barrier reduction, true mercantilism enablement, and a continuance of 39 straight years of trade deficits.  Free trade was supposed to produce balance.  Free trade proponents have forgotten that basic metric and are thus, knowingly or unknowingly, pursuing fake free trade.

All the while, we are curtailing US sovereignty by transferring policy making power to international organizations and tribunals.  Increasingly, congress cannot pass laws to benefit the US based upon US interests.  These trade treaties substantially impact and govern what future Congresses can and cannot do.

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  • I do not know anyone who is against real world trade. Historically, trade was about trading products and not human beings. The real commodities being traded in our times are workers who are put on global trading block to compete with each other for the same jobs. It is race to the bottom since there are more than a billion people in the world willing to work for practically nothing to survive. Instead of finding ways to uplift them, free trade economics sentences them to a life of impoverishment.

    Free trade is not really trade. It is more about separating investments from production. Investments then do not have to be concerned with the common good and balanced geopolitical settings. Money can be made without worrying about the degradation of the value of workers and labor. In fact money can be made by this process. Historical standards for stopping the degradation of workers could then be someone else’s problem. Pope Leo’s set a standard for the dignity of workers just before the turn of the 20th century. It stood the test of time for more than a hundred years until the free trade globalists came. Pope Leo’s encyclical was generally about the right to property. He said owners of businesses had the right to make or grow something and add a reasonable markup so that they could enjoy a good living from their enterprise. However, he also said owners should be able to pay those who work for the enterprise enough in order to live a decent life. Workers right to property is their labor. It is a real property and not something that can be stolen from them. Free trade economics came and betrayed workers dignity and the American Dream for all.

    Free trade economics is about moving production from place to place anywhere in the world for the sake of cheaper labor down to the lowest levels of wage slave and even child labor. Investments in a free trade economic system thrive on this process. In the more prosperous nations like ours, a new working poor class replaced the production worker middle class. In the less prosperous nation, vast classes of impoverished workers were created. They do not make enough to even buy the the things they make , let alone have anything left to buy the things a country like U.S. has left to sell.

    In our country the degradation and deflation of the value of workers and labor represent trillions of dollars in value lost forever. The same applies to the trade deficit which has broken records for more than twenty years. Then in 2008, President Obama had to bail out the process. Free trade economics had failed. The so called Free Market was just a term used to cover the process. The free enterprise system became a relic. Local economies died.

    Only local value added economies work. There are about five to seven levels of added value from the raw product stage up through to the retail or end user level. The money spent at the retail or end user level quickly fans out to the places where the products are made. If the products are made outside of the U.S. the money goes there and does not stay in place to recycle our economy. The geopolitical settings become unbalanced. Wars follow with nations having to protect their interest across the globe.

    Now our working poor classes are even finding it difficult to even afford the cheaper imports. Millions now have to depend on government funds or private charity to survive. President Obama’s bail out cost trillions of additional dollars too. He bailed out big money interests, the investment communities, banks, Wall Street and the “too big to fail” corporations while ignoring the suffering of millions who lost their jobs or business due to free trade economics. They were left to fend for themselves.

    He put the same people back in charge of the process and calls for more of the same in faster fast track process. Big money interests control our government. And in free trade economics, governments become brokers and dealers in a global economic arena. International entities control the flow of wealth outside the will of the people. How can anyone say this isn’t so. Who will tell our grandchildren and future generations why we let this happen?

    http://tapsearch.com/free-trade-economics, http://tapsearch.com/workers-dignity-betrayed http://tapsearch.com/flatworld http://ray-tapajna-tapsearcher.page.tl