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<div><br class=""><div class="">Begin forwarded message:</div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><br class=""></div><br class=""><div class="">

    
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        <title class="">Mark Weisbrot's Columns from CEPR</title>
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        @tip Set the background color and top border for your email. You may want to choose colors that match your company's branding.
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        @tab Page
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        @tip Set the background color and top border for your email. You may want to choose colors that match your company's branding.
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        @style heading 2
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        @style heading 3
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        @tip Set the styling for all fourth-level headings in your emails. These should be the smallest of your headings.
        @style heading 4
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        @tip Set the styling for your email's header links. Choose a color that helps them stand out from your text.
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        @section header style
        @tip Set the background color and borders for your email's header area.
        */
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        @tab Header
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        @tip Set the styling for your email's header links. Choose a color that helps them stand out from your text.
        */
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        @tip Set the background color and borders for your email's body area.
        */
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        @tab Body
        @section body text
        @tip Set the styling for your email's body text. Choose a size and color that is easy to read.
        */
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        /*
        @tab Body
        @section body link
        @tip Set the styling for your email's body links. Choose a color that helps them stand out from your text.
        */
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        /*
        @tab Footer
        @section footer style
        @tip Set the background color and borders for your email's footer area.
        */
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        /*
        @tab Footer
        @section footer text
        @tip Set the styling for your email's footer text. Choose a size and color that is easy to read.
        */
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        /*
        @tab Footer
        @section footer link
        @tip Set the styling for your email's footer links. Choose a color that helps them stand out from your text.
        */
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                                                                            <div style="text-align: left;" class="">Mark Weisbrot's columns from CEPR</div>
                                                                            </td>
                                                                        </tr>
                                                                    </tbody>
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                                                                <!--[if mso]>
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                                                                            <div style="text-align: right;" class=""><a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" target="_blank" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=vbtVEfdv0oi9X7Kr5LQ06XTsWTeClNkL" class="">View this email in your browser</a></div>
                                                                            </td>
                                                                        </tr>
                                                                    </tbody>
                                                                </table>
                                                                <!--[if mso]>
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                                                                <![endif]-->                                              <!--[if mso]>
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                                <!-- // END PREHEADER --></td>
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                                                                    <td valign="top" style="padding-right: 9px;padding-left: 9px;padding-top: 0;padding-bottom: 0;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" class="mcnImageContent"><a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=%2B0hHvGKSRleW6iZ4zO71l3TsWTeClNkL" class=""><img width="400" align="left" class="mcnImage" style="max-width: 800px;padding-bottom: 0;display: inline !important;vertical-align: bottom;border: 0;outline: none;text-decoration: none;-ms-interpolation-mode: bicubic;" src="https://org.salsalabs.com/o/967/images/et-cepr-header-transparent.png" alt="CEPR"></a></td>
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                                                                                    <h1 style="text-align: center;margin: 0;padding: 0;display: block;font-family: Arial, 'Helvetica Neue', Helvetica, sans-serif;font-size: 32px;font-style: normal;font-weight: bold;line-height: 100%;letter-spacing: -1px;color: #505954 !important;" class="null"><a href="http://org.salsalabs.com/dia/track.jsp?v=2&c=3zHl%2B4L%2FGRaC%2Fy7f6AJQfHTsWTeClNkL" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" class=""><b class="">Obama’s New Campaign for the TPP Could Drag Down Democrats <br class="">
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                                                                                    by Mark Weisbrot</h3>
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                                                                        <td valign="top" style="padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 18px;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5a5050;font-family: Verdana, Geneva, sans-serif;font-size: 14px;line-height: 150%;text-align: left;" class="mcnTextContent"><p style="margin: 1em 0;padding: 0;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5a5050;font-family: Verdana, Geneva, sans-serif;font-size: 14px;line-height: 150%;text-align: left;" class=""><i class="">This article was published by <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=HbVxJExt8BkRimikInZIlXTsWTeClNkL" class="">The Hill</a> on August 20, 2016. </i><i style="letter-spacing:0.1px;" class="">If anyone wishes to reprint the article, please let us know by replying to this message.</i><i class=""> </i><i class="">If this email was forwarded to you, </i><span class=""><a data-cke-saved-href="http://org.salsalabs.com/dia/track.jsp?v=2&c=qMKAcViaoGBzC1Zy1J8voHTsWTeClNkL" target="_blank" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/o/967/p/salsa/web/common/public/signup?signup_page_KEY=1013" class=""><i class="">subscribe</i></a></span><i class=""> to CEPR's email lists.</i></p>
                                                                        <hr class=""><p style="margin: 1em 0;padding: 0;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5a5050;font-family: Verdana, Geneva, sans-serif;font-size: 14px;line-height: 150%;text-align: left;" class="">How much is President Obama willing to harm the Democratic Party in  order to win approval for the deeply unpopular Trans-Pacific Partnership  (TPP) “trade” agreement? We may soon find out.<br class="">
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                                                                        On Tuesday, <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=52A4i1mRri9BAGp8qZP8wHTsWTeClNkL" class="">Politico broke the story</a>  that the White House will be “making an all-out push to win passage of  the deal in the lame duck session of Congress, organizing 30 events over  the congressional recess.” The effort will be designed to put pressure  not only on Democratic members of Congress, but also on swing Republican  votes, by lobbying important business interests in their districts.<br class="">
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                                                                        This is pretty big news for the 2016 elections but it seems to have  gotten little to no coverage in major media outlets. The TPP has become a  major issue in these elections, with Donald Trump highlighting his  opposition, and Hillary Clinton — who had previously supported the  agreement — vowing to oppose it “before and after” the election. (Bernie  Sanders also had a major <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=f0Org0Krwst%2FGX6BBq%2FG3XTsWTeClNkL" class="">impact</a>  on the debate, and possibly on Hillary’s change of position, during the  primary season). This agreement is especially despised among the white  working class voters who have made up the major swing vote in most of  the presidential elections of the past four decades.<br class="">
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                                                                        Trump is  far behind Hillary in the polls, and it seems unlikely that President  Obama would have launched a public campaign of this magnitude for the  TPP in the heat of an election season, if the race were looking like a  serious contest. But there is more at stake: millions of potential  Republican voters will stay home in November if Trump is losing by a  wide margin. Many others will stay home simply because they don’t like  him. But many of these disaffected voters could be rallied to the polls  if they think that Hillary, and her party, are going to bring them  another failed “trade” agreement. (On the other side, some potential  Democratic voters could abstain or switch sides for the same reasons).  All this could make the difference between the Democrats taking the  Senate, and in a big enough landslide, even the House of  Representatives.<br class="">
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                                                                        Why is Obama willing to risk so much to get the  TPP passed this year? Many press reports insist that it is because he  wants it for his legacy. It is strange to think that he would want such  an unpopular agreement for his legacy. There are less flattering reasons  that seem much more plausible.<br class="">
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                                                                        The “fast-track” legislation that allows Congress only an up-or-down vote on the TPP, considered essential to its passage, was <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=g%2FGtN0tFn1Pp8%2Bla99fZdXTsWTeClNkL" class="">approved in June 2015</a> by  just a 10 vote margin in the House of Representatives. Only 28  Democrats voted with their president, and they have since come under  increasing pressure not to repeat their vote for the TPP. Meanwhile, <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=B4ItFNaMChvWR%2Bz9qjcik3TsWTeClNkL" class="">nine Republicans</a> who voted for fast-track have publicly stated that they will vote against the TPP.<br class="">
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                                                                        So it is looking like a very close vote. (For procedural and political  reasons, Obama will not bring it to a vote unless he is sure he has the  necessary votes). Now let’s look at one special group of Representatives  who can swing this vote: the actual lame ducks, i.e., those who will be  in office only until January 3rd. It depends partly on how many lose  their election on November 8, but the average number of representatives  who left after the last three elections was about 80.<br class="">
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                                                                        Most of these people will be looking for a job, preferably one that can pay them more than a million dollars a year. From the <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=R98I5Q4bEP8ih4REHEcifHTsWTeClNkL" class="">data provided by OpenSecrets.org</a>,  we can estimate that about a quarter of these people will become  lobbyists. (An additional number will work for firms that are clients of  lobbyists).<br class="">
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                                                                        So there you have it. It is all about corruption,  and this is about as unadulterated as corruption gets in our hallowed  democracy, other than literal cash under a literal table. These are the  people whom President Obama needs to pass this agreement, and the window  between November 9 and January 3 is the only time that they are  available to sell their votes to future employers without any personal  political consequences whatsoever. The only time that the electorate can  be rendered so completely irrelevant, if Obama can pull this off.    <br class="">
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                                                                        But that is still a big “if,” because we still have elections, and  Obama has to consider what his campaign to pass the TPP will do to the  Democratic Party — or at least he should. On the other side he has most  likely gotten the message that a failure to go all out for the TPP would  cause some big money to shift from the Democratic to the Republican  party. The most powerful corporations in the country, as well as many  actors in the “national security state” want this agreement very badly.  It is a coalition of everybody who is anybody. Except for the people.<br class="">
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                                                                        It’s ironic because one of the main purposes of the TPP, like previous  “trade” agreements including the World Trade Organization, is to bind  the United States to a set of rules that our political leaders would  have difficulty putting into law in the US. These include raising  pharmaceutical prices by strengthening and lengthening patent  protection; allowing corporations to sue the government for regulation  that infringes on their profits; and undermining public health and  environmental protection, and financial regulation. So by corrupting  democracy for this one big, lame-duck vote, our politicians can  undermine and limit democracy for many years and even decades to come.<br class="">
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                                                                        In the next few months, we will see who wins this historic battle.<span class="">                                                                         </span></p>
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                                                                            <div class=""><span class=""><strong class="">Mark Weisbrot</strong> is <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" target="_blank" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=z%2FO2Aca5zzSqRlEizeo8hHTsWTeClNkL" data-cke-saved-href="http://www.cepr.net/about-us/staff/mark-weisbrot" class="">Co-Director</a> of the Center for Economic and Policy Research in Washington, D.C. and president of <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" target="new" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=VKTBoPX%2BGOWG5NVo8y0%2BznTsWTeClNkL" data-cke-saved-href="http://www.justforeignpolicy.org/" class="">Just Foreign Policy</a>. He is also the author of the new book <a style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5091b0;font-weight: normal;text-decoration: none;" href="http://org.salsalabs.com/dia/track.jsp?v=2&c=of3AhsewjtzBVuFbewbavnTsWTeClNkL" data-cke-saved-href="https://global.oup.com/academic/product/failed-9780195170184?cc=us&lang=en&" class=""><em class="">Failed: What the "Experts" Got Wrong About the Global Economy</em></a> (Oxford University Press, 2015).</span><br class="">
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                                                                            <strong class="">CEPR</strong> is an independent, nonpartisan think tank that was established to promote democratic debate on the most important economic and social issues that affect people's lives.</div>
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                                                                            <div class="">CEPR's Advisory Board includes Nobel Laureate economists <b class="">Robert Solow</b> and <b class="">Joseph Stiglitz</b>; <b class="">Janet Gornick</b>, Professor at the CUNY Graduate Center and Director of the Luxembourg Income Study; and <b class="">Richard Freeman</b>, Professor of Economics at Harvard University.</div>
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                                                                        <h3 style="margin: 0px; padding: 0px; display: block; font-family: Helvetica; font-size: 18px; font-style: normal; font-weight: bold; line-height: 150%; letter-spacing: -1px; text-align: center; color: rgb(80, 89, 84) ! important;" class="null">If you value CEPR's work, support us by making a financial contribution.</h3>
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                                                                            <td valign="top" style="text-align: left;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #5a5050;font-family: Verdana, Geneva, sans-serif;font-size: 14px;line-height: 150%;" class="mcnTextContent"><em class="">Despite having a budget that's smaller than some other think tanks' entertainment funds, we consistently do the most cost-effective work.</em><br class="">
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