Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Sessions slams talk of trade deal until after elections
On December 10, Republican Senate Majority Leader Mitch McConnell warned President Obama that the Trans Pacific Partnership (TPP) could be voted down if brought up before the elections. According to The Hill:
On December 11, The Hill reported Senator Sessions response to McConnell:
On December 12, I contributed my analysis in the American Thinker blog:
The Obama administration has claimed that the Paris climate agreement does not require ratification by Congress since there are no enforcement mechanisms within that agreement. This is nonsense. The Paris agreement requires that countries involved make commitments and strengthen those commitments periodically. They are never permitted to loosen those commitments. Whatever Obama promises will be binding on all future U.S. Presidents; any reduction to Obama's draconian CO2 cuts would violate the Paris agreement.
If the Paris agreement were meant to be non-binding, it would have been called a "Declaration." It called itself an "Agreement," which means that it is one of the multilateral environmental agreements that is supposed to be added to TPP by the TPP Commission, according to the TPP agreement itself.
Don't think that Republicans in the Senate would vote against TPP just because the Paris climate agreement could be added. Listen to what Mark Steyn had to say in his blog, The GOP Don't Never Dance with Them That Brung Them, about the recent climate hearings in the Senate in which only one Republican senator showed up, permitting the hearing to be dominated by the Democratic Senators who asked soft-ball questions of the climate alarmists. Here is Steyn's analysis:
We don't yet know when President Obama will schedule the vote on TPP. If he wants to put the Paris agreement into the TPP before he leaves office, he will have to schedule that vote before the November election.
Journal of Economic Literature:
Atlantic Economic Journal: