“We want state enterprises to be able to assume the same responsibilities for fair competition as private-sector companies, so that we have a level playing field”.
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Nati Harnik/AP The proposals come just days before the first Democratic presidential debate Tuesday, and mark Clinton’s latest leftward pivots.
In opposing the TPP, Clinton is now siding with her rival Bernie Sanders, a progressive who has shown surprising strength in Democratic primary polls, and against a putative foe, Joe Biden.
REUTERS/Brian SnyderU.S. Democratic presidential candidate Hillary Clinton listens during the Boston Community Forum on Substance Abuse ” It’s safe to say that the TPP won’t be ideal – no deal negotiated among a dozen countries ever will be – but its higher standards, if implemented and enforced, should benefit American businesses and workers”, Ms. Clinton wrote in her post-State Department memoir, “Hard Choices”.
Yet Clinton’s position marks a sharp reversal from a deal she backed as the Obama administration’s top diplomat as she works to appeal to sceptical liberals.
Her plan would extend the statute of limitations on major financial fraud cases to allow prosecutors more time to develop a case. The deal with South Korea was “inherently unfair”, she said, and the Colombia deal was something she would “urge the Congress to reject”. Video clips of Clinton talking about the trade deal are stored on YouTube, giving her opponents made-for-TV footage that could be used in television ads to highlight her shifting positions.
Clinton said this will discourage banks from making risky financial moves that result in huge gains or losses.
There is no way that Ms. Clinton can oppose the 12-nation deal on its merits. Clinton’s campaign estimates that banks and other institutions would pay an annual charge of “multiple billions of dollars”, according to a summary provided by the campaign.
Fan Jishe, a researcher at the Chinese Academy of Social Sciences who specializes in USA affairs, said it is highly unlikely that the TPP would lead to the creation of a trade bloc that excludes China. Is that the kind of president we want running America? But she will also do more damage to her overall credibility and reputation for conviction – which happens to be the biggest single problem she faces right now. But fast-forward to July 2011 when, as secretary of state, she described those three deals as “critical to our economic recovery”. Bernie Sanders, a socialist, posing an unexpected threat to her claim on the party’s nomination.
They think the only way to ensure those banks never need a taxpayer bailout again is to make them smaller by reinstating a law know as the Glass-Steagall Act, which Bill Clinton abolished in the 1990s when he was president. “Therefore, I oppose it”, Clinton explained last month about the controversial pipeline that would stretch from Canada through Nebraska to the Gulf Coast.
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Take Michèle Flournoy, a former high-ranking Pentagon official who supported Clinton’s first White House bid and is considered a potential defense secretary candidate if Clinton wins in 2016.
