Fauxcahontas Vs Obama On Trade, Doing What The GOP Should ?!?

Lately, Fauxcahontas AKA Senator Elizabeth Warren has been the loudest dissenting voice in American politics, leading the charge against Obama's secretive Trans-Pacific Partnership or TPP Trade deal, a job echoed with increasing frequency among Demcrats - a job the GOP should have done from the beginning.

In an interview by Yahoo New's Matt Bai President Obama made the following stinging remarks:

“She’s absolutely wrong,” Barack Obama said, before I could even get the question out of my mouth.

He was talking about Elizabeth Warren, the Massachusetts senator and populist crusader whom Obama helped elevate to national prominence. Warren generally reserves her more acid critiques for Republicans and Wall Street, but in recent weeks she’s been leading a vocal coalition of leftist groups and lawmakers who oppose the president’s free-trade pact with 12 Asian countries.

This past week, as I had just reminded Obama, Warren launched her heaviest torpedo yet against the trade deal, alleging that some future president might use it as an excuse to undo the reregulation of Wall Street that Obama signed into law in 2010. In fact, as the White House quickly pointed out, language in the pact would expressly prevent that unless Congress voted to allow it. Read More

Even Nevada Senator Harry Reid who seems to have at least partially recovered from his fight with exercise equipment is opposing the president, arguing for the inclusion of "currency manipulation provisions aimed at China" According to The UK Guardian (So much for "free trade")

Senate Democrats were on a collision course with the White House on Tuesday as the party’s newly emboldened liberal wing dug in its heels over global free trade deals it claims will drag down US wages and working conditions.

Ahead of one of the tightest and most uncertain votes in recent years, the Democratic minority leader, Harry Reid, took to the Senate floor to warn that his party would block passage of an enabling bill unless it was broadened to include currency manipulation provisions aimed at China.

“If we don’t, it’s going to be very difficult to get the bill out of committee,” warned Reid.

In contrast Senator Mitch McConnell is backing Obama, The Guardian continues:

Yet the Republican majority leader, Mitch McConnell, who is in a rare alliance with Barack Obama on the issue, said he would refuse to include such provisions when he brought the trade legislation up for a vote at 2.30pm, arguing that Democrats should simply seek to make amendments instead.

Republicans and White House officials fear that the currency issue is a “poison pill” designed to hobble trade negotiations in a way that would prove unacceptable to other countries negotiating the giant Pacific trade bill.

Obama is seeking “fast track” authority that would let him present Congress with proposed trade agreements it can ratify or reject, but not amend. If successful, he is likely to ask Congress to approve the Trans-Pacific Partnership being negotiated with 11 other Pacific rim countries, including Japan, Vietnam, Canada and Mexico. Other free-trade proposals could follow.

“If we care about America’s position in the 21st century, we can’t cede the most dynamic region in the world to China,” said McConnell in a passionate plea not to walk away from the trade deal.

Protectionist Policies regarding trade are not new, and the basics for these policies are summarized fairly well here Some are even calling Obama's remarks "sexist" as ludicrous as that sounds.

Meanwhile, Elizabeth Harrington writing for The Washington Free Beacon reports "Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices,” amounting to roughly $15,000 per household, the report said." An even more detailed report on Federal Regulatory State may be found here

These Protectionist acts rarely work in the desired way, seeking to support an artificial market in the name of protecting "American Jobs and Workers" almost never accomplish that task.

Or have I been eating paint chips again?