Ed Schultz talks TPP and trade deficit with a group of lawmakers

Posted by TGarland on 01/21/2014

On Friday, The Ed Show on MSNBC devoted a full hour to discussion of the Trans-Pacific Partnership (TPP). Host Ed Schultz explained several concerns that lawmakers, American companies, and workers have raised regarding the trade deal negotiations and leaked drafts of the deal itself.

Schultz had plenty of guests on his show:

Schultz was joined by eight House representatives. Here's the rundown of the whole gang: Rosa DeLauro, Mark Pocan, Keith Ellison, Peter DeFazio, Jan Schakowsky, Mike Michaud, Marcy Kaptur, and Dan Kildee. And here are some highlights from the interview:

Representative Marcy Kaptur (D-OH) on the U.S.'s  growing trade deficit (clip at 4:43):

If you go back to the 1970s and the old trade model, every president regardless of party keeps rubber-stamping, rubber-stamping. In that time period we have accumulated over nine trillion dollars in trade deficits. That means more imports coming in here than exports going out. We have lost millions and millions of jobs. In the manufacturing sector, a third of our jobs have gone overseas between 1975 and 2010.

Representative Jan Schakowsky (D-IL) on TPP’s failure to prioritize American products (clip at 4:20):

Even Buy America would be in danger, would be challenged in the TPP. There is no clause [that we know of] in the agreement that would protect or prioritize American products.

Let's take the opportunity to add to these lawmakers' concerns: namely, the lack of a TPP rule barring currency manipulation. AAM backs the efforts of a bipartisan group of legislators to get such a rule into the TPP.

Learn more about currency manipulation here.

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