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Robert Reich - President Obama is now selling his proposed Trans...
President Obama is now selling his proposed Trans Pacific Partnership as necessary to contain China. "Either China writes the rules of global trade or we do," he said Friday. But his trade pact is really a giveaway to American-based global corporations that initiated it and are pushing it in Congress -- and which are making and selling all over the world, and shifting profits to wherever they pay the lowest taxes (some are even morphing into foreign corporations). And those same U.S. based corporations do whatever China wants to gain access to that huge market. As an Apple executive told The New York Times, “We don’t have an obligation to solve America’s problems.”
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