WASHINGTON –(ENEWSPF)–May 21, 2015. Sen. Bernie Sanders (I-Vt.) issued the following statement today after the Senate voted to advance a bill that would grant President Barack Obama accelerated power to complete a massive trade accord with 11 other Pacific Rim nations:
“The Senate just put the interests of powerful multi-national corporations, drug companies and Wall Street ahead of the needs of American workers. If this disastrous trade agreement is approved, it will throw Americans out of work while companies continue moving operations and good-paying jobs to low-wage countries overseas.
“Bad trade deals like the proposed Trans-Pacific Partnership are a major reason for the collapse of the American middle class and the increase in wealth and income inequality in the United States. This agreement, like bad trade deals before it, would force American workers to compete with desperate workers around the world – including workers in Vietnam where the minimum wage is 56-cents an hour.
“Trade agreements should not just work for corporate America, Wall Street and the pharmaceutical industry. They have got to benefit the working families of our country,” Sanders said. “We must defeat fast track and develop a new policy on trade.”