Long live the 1%. Big business rejoices in their new found powers after Senate passed Obamatrade

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

Zerohedge has these”in your face” 99% statements from big business after, Obamatrade passed the US Senate vote.

…the encroaching fascism of the deep (police) state, corporations promptly came out to gloat.

Here are some examples:

Cargill: Cargill applauds the passage of the Trade Promotion Authority (TPA) bill in the U.S. Congress. This bipartisan bill gives the executive branch the ability to negotiate trade agreements such as the Trans-Pacific Partnership, which are important for the future of the U.S. economy and for global food security. The U.S. economy and the world’s food supplies rely on international trade. Trade supports one in five U.S. jobs, including nearly 1 million farmers and agricultural workers who produce exports that supply the world with high-quality and affordable food

Metlife: MetLife, Inc. applauds action by both the House and the Senate to renew Trade Promotion Authority (TPA) legislation. The final congressional approval of TPA provides a path forward for the pending Trans Pacific Partnership (TPP), which is critical to U.S. companies doing business in the Asia-Pacific region. The trade agreements facilitated by TPA will encourage access to the financial protection and other life insurance products that are in growing demand globally.

The Association of Global Automakers: On behalf of the more than 97,000 Americans our member companies employ, Global Automakers thanks all of the U.S. Senators and Representatives who supported Trade Promotion Authority (TPA) legislation.

Trade Promotion Authority is an important tool that will facilitate the negotiation of future trade agreements and help set the United States on a course toward sustained economic growth. Open trade and investment policies have encouraged international automakers to put down deep roots in the United States. These companies are driving the growth of the U.S. auto industry through job creation, manufacturing revitalization, and local research, design, sales and finance operations. Today, our members are creating products here for sale locally and around the globe, exporting 480,000 vehicles annually from the United States. Global Automakers appreciates President Obama’s leadership on this critical issue and looks forward to seeing TPA legislation signed into law as soon as possible.

The Association of Global Automakers represents international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. Our members include American Honda Motor Co., Aston Martin Lagonda of North America, Inc., Ferrari North America, Inc., Hyundai Motor America, Isuzu Motors America, Inc., Kia Motors America, Inc., Maserati North America, Inc., McLaren Automotive Ltd., Nissan North America, Inc., Subaru of America, Inc., Suzuki Motor of America, Inc., and Toyota Motor North America

The National Retail Federation: The National Retail Federation issued the following statement from President and CEO Matthew Shay on today’s Senate passage of Trade Promotion Authority:

“This is a landmark step toward tearing down trade barriers that stand in the way of a truly free and open global economy. TPA will help complete trade agreements that will open new markets for U.S. companies and help retailers provide American families with the products they need at prices they can afford. This will ultimately mean more jobs for American workers and lower prices for American consumers. After weeks of partisanship, it’s refreshing to see Congress finally put good policy ahead of politics.”
The Retail Industry Leaders Association

The Retail Industry Leaders Association (RILA) issued the following statement in response to the passage of Trade Promotion Authority in the United States Senate.

Retailers applaud the Senate for approving Trade Promotion Authority and paving the way to economic growth by providing American consumers and businesses with access to new markets,” said Hun Quach, Vice President for International Trade. “With its final approval from Congress, TPA will now ensure the Administration brings home trade agreements that create new opportunities for American businesses and bolsters U.S. competitiveness around the world.”

And so on…



The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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