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May 20th, 2016 
Awake Goy 
Print FriendlyAbove Photo: Please do spread and share the images below. Credit Eleanor Goldfield/Art Killing Apathy.
International Trade Commission Predicts Minimal Positive Economic Impact from TPP; and Growing Trade Deficit
Great photos by Eleanor Goldfield of Art Killing Apathy reporting on Popular Resistance’s protest yesterday at the International Trade Commission. The ITC came out with an economic report on the TPP later that day. The ITC has consistently painted a very rosy economic picture of trade agreements. They predicted NAFTA would create hundreds of thousands of jobs, instead it lost a million. The economic model is seriously flawed. President Obama hopes to use the ITC report to develop momentum for passage of the TPP.
To our surprise the ITC produced a report that shows negligible GDP growth from the TPP, increased trade deficits and losses for many sectors of the economy. The project that by 2032 the TPP will produce economic growth would increase the GDP by a mere 0.15 percent. This is almost no growth in 15 years. Further findings include that the United States’ global trade deficit would increase by $21.7 billion; that we’d see a worsened balance of trade in 16 out of the 25 specific product areas it chose to feature, including everything from auto parts to corn to financial services; and that there would be a decline in output for U.S. manufacturing, natural resources and energy of $10.8 billion.
While this is not the results President Obama needed to build momentum, it is still more positive than the reality we are likely to see from the TPP. Indeed, Tufts University projected the GDP will shrink over the next ten years by 0.54 percent. In order to provide people with more information, we created the People’s Economic Impact Statment. Please share this more credible report with your representatives in Congress, The People’s Economic Impact Statement.
Street Theater At the International Trade Commission
Today, Flush the TPP organized a rally and street theater condemning the United States International Trade Commission’s (USITC) report on the TPP. Just as the USITC reported with NAFTA and the Free Trade Agreement with Korea, their analysis of what TPP will do to and for our country is grossly off point.
To counter their continued corporatized findings, activists acted out an example of how the TPP will affect climate change and environmental legislation. Using ISDS, corporate trade tribunals, corporations would be able to place their profit above people and planet, holding their bottom line sovereign over public health, safety, justice, peace and human rights.
Flush the TPP co-founder Margaret Flowers also introduced the People’s Economic Impact Statement for the TPP: a non-corporatized look at what the TPP will do to and for our country. Further reporting on that will come in next week’s episode of Act Out! and you can also find it on the Flush the TPP website.
Source Article from https://www.popularresistance.org/the-people-against-tpp/
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