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Pelosi Betrays Obama–House Kills Fast-Track of Obamatrade After Pelosi-Led Democrat Rebellion (Video,Picture)

Friday, June 12, 2015 11:54

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(Before It's News)

House Kills Fast-Track of Obamatrade After Pelosi-Led Democrat Rebellion

Surprises abound these days, and nothing is impossible. ~ BP

And just like that, President Obama’s “great job creation” bill is defeated.

Following Pelosi’s comments that “its defeat is the only way we will be able to slow down fast track,” and “people would rather have a job than assistance”, the defeat of a measure to provide aid to workers displaced by trade deals means the fast-tracking of the TPP is done (for now).

*HOUSE HAS ENOUGH VOTES TO DEFEAT TRADE BILL

And with a whopping 302 votes again, House democrats just stunned the democrat president by ending the “fast-track” of the TPP and forcing it back to the drawing room table. As the NYT puts it:

House Democrats rebuffed a dramatic personal appeal from President Obama on Friday, torpedoing his ambitious push to expand his trade negotiating power — and, quite likely, his chance to secure a legacy-defining trade accord spanning the Pacific Ocean.

Of course this can all go back for another markup and another amendment but for now. TPP needs the passage of the TAA to send the bill back to Obama for his signature, which means we are back to square one.

As The NY Times reports,

In a remarkable rejection of a president they have resolutely backed, House Democrats voted to kill assistance to workers displaced by global trade, a program their party created and has stood by for four decades. By doing so, they brought down legislation granting the president trade promotion authority — the power to negotiate trade deals that cannot be amended or filibustered by Congress — before it could even come to a final vote.

“We want a better deal for America’s workers,” said Representative Nancy Pelosi of California, the House minority leader who has guided the president’s agenda for two terms and was personally lobbied by Mr. Obama until the last minute.

Ironically, shortly after wards: