Before he makes a decision but i dont get the detail on this trade agreement and the most extensive interview he has done on this has been done recently and again the president is vague. The Transpacific Partnership is probably the biggest economic trade deal that this country has ever done and yet it is being done in secrecy. More people in the congress are talking about. During president obamas interview with vox, he made his first extended remarks on tpp. What is amazing about this it is a lot of generic talk. He knows why the American People are skeptical of the tpp. This is part of the debate were having right now in terms of the Transpacific Partnership, the trade deal that we have been negotiating. There are a lot of people who look at the last 20 years and say, why would we want another trade deal. That hasnt been good for American Workers. It allowed outsourcing of American Companies locating jobs in low wage china, then selling it back to walmart. Yes, we got cheaper sneakers but we lost all of our jobs. Mr. President , you use the word debate. There has been no debate about this. He laid out the case for the tpp after that sound byte. The United States is working hard to make this trade deal fair. My argument is twofold. Number one, precisely because that horse is out of the barn the issue were trying to deal with now is can we make for a higher bar on labor, on environmental standards, et cetera in that region and write a set of rules that are fairer because right now its not fair. If you want to improve it that means we need a new trade regime. The old one isnt working for us. The second reason it is important is because the same countries were negotiating with are the same countries that china is negotiating with. China could write the rules of trade. It means that we will be cut out. Wait a second. If youre the biggest customer in the world, who is going to want to cut you out . It seems like were not swinging a big enough stick here. Were the United States of america. We are the biggest customer. We have the best economy and yet were dancing to somebody elses music. I dont get it. The president says this horse is out of the barn. He is talking about the global economy. We cant have any level of protection because were in a global economy. This deal does not deal with tariffs properly. Those experiences that arose over the last 20 years, those arent easily forgotten and the burden of proof is on us in terms of what were trying to accomplish. Do you think theres been transparency with the Transpacific Partnership . This deal has been done in secret. Nobody knows what the hell is going on. There are members of congress who have said openly and campaign complained they dont know whats in this deal. They hear leaks and there, but nobody gets the hard copy to see it. The president needs to explain to the American People not in a short interview, why the tpp would be different than other trade deals. So far this trade deal has been conducted in secret. According to reports, were just weeks away. So far the American People have absolutely no details. The American People im talking about are the members of congress. The people that you elected. The president needs to tell the American People two major things in this. First of all how will this trade deal protect american jobs . Of course, it wont. Second, how will this trade deal effect americas already massive trade deficit . In other words, will it bring it down or will it continue to explode . Last week the trade deficit jumped 17 to 46. 6 billion. It is the biggest percentage increase since july 2009. 60,000 jobs lost to the south korean trade deal. How is that a good thing . We continually do bad deals. Things are getting so heated. This is where it gets politically interested. Things are getting so heated that some republicans, theyre starting to trash the tpp. Heres walter jones earlier today. If you want to sell out america, then get behind giving the president what i call the trade promotion authority, better known as fast track. This is absolutely a threat on our constitution, on our sovereignty, when you allow the president to have the authority to bring before congress the issue, but not allow congress to debate, to amend, or to change the agreement. Then that in itself is not what the constitution intended in this country. That is the best sound byte as to why people are against this trade deal. The democrats are against it for different reasons. Congressman jones believe the tpp is a sell out to the corporations. The tea party should be up in arms over this deal was of the sovereignty issue. It would undercut american sovereignty. Our lawmakers would not have a say in the disputes. In other words, somebody else would be running us. A group of bipartisan senators are working to save american jobs by addressing currency manipulation. This is where the Playing Field has never been level. This is what the president did not mention in his interview. How can you talk tpp and not talk currency manipulation . You cant. We got some very interesting new fraternity members, dont we . They all got together and introduced the Currency Exchange rate oversight reform act. Now this act would use trade law to counter harm to u. S. Manufacturers caused by currency manipulation. It would also provide consequences for countries who refuse to address currency manipulation. This idea that china is going to be writing rules, no. Thats not true. China is not dictating to other countries in this deal. Everybody is supposed to be an equal partner. But you know who is not an equal partner . You. The american taxpayer, the American Service industry. What the president is doing to sell this, he is saying it is us against them. Hey, it is china. If were so worried about china, why did we give them favored nation trading status back in 1999 . Why did we do that . The strategy of this white house seems to be well whatever big business wants and if it undercuts our sovereignty, we can do that too. This one is going to mop everything up. It isnt. It simply isnt. There is very limited detail on this. Get your cell phones out. I want to know what you think 37. Tonights question do you think president obama is right on this issue of tpp . Well bring you the results later on in the show. We have a senator joining us. Why will your new currency manipulation act work . What does this do . Good to have you with us. Well it works because it gives a tool to level the Playing Field in the sense that when china cheats on currency or when japan cheats on currency, it gives us a mechanism to fight back and win trade cases and desuedede desuede them from doing that in the future. It is good bipartisan sponsorship. Five republicans, five democrats. The Senate Passed overwhelmingly two or three years ago. The house has passed it at different times. Speaker boehner hasnt brought it up to a vote. Now is the time that we have a place to put this bill to demand that the president doesnt get this power, that this agreement doesnt ever pass unless it has a currentcy debating. Did i miss that coverage on the senate floor . The president said the horse is already out of the barn. The trade deficit with china is now upwards of 3 billion. Pntr with china in 1999 it was around 10 or 15 billion then. We have seen whats happened. Currency is the best way to fight back on that to make sure every single agreement has a currency provision, number one, and number two, our department of commerce is told they must look at currency when they make a decision on unfair trade pack practices. So far they have the option to look at currency and they never do. This president has been better than his predecessors on trade enforcement enforcement, but we have to be better. How do you explain the tpp to Steel Workers in lorraine ohio . The place had 12,000 workers at once. Now it is 2,000. It has done better with more drilling on gas and oil. Although they had a temporary layoff of a number of workers for three months. Once we start enforcing trade rules, more of them are going to work and more of them will have more job security. Its a question of they didnt like nafta or cafta. Why would we inflict another trade deal when the damage is so evident . What do you say to the president when he says there has to be more transparency on the tpp . Well there does have to be more transparency. Okay, but there hasnt been any. Why is that . There is supposed to be more consultation with congress on what the agreement is with how the negotiations are going. There are supposed to be directives on what you do in the environment and labor standards. What do you do when something called investor state which gives the Tobacco Companies even more power in world commerce . None of that has happened. None of it has been open enough. The public has not had nearly the input. The people who care about Climate Change havent. The people who care about Public Health havent. This is pretty disastrous. I appreciate your time. Let me bring in larry cohen. It is not just manufacturing. It is going to hit the Service Industry as well. Your response the president saying the t approximatepp will make things better for American Workers . That isnt true is it . No it is all about enforcement the. The problem is when a Multinational Corporation wants to enforce their version of the trade deal they sue in a secret tribunal called isds where they can reparations. When we try to enforce a labor or an environmental or consumer provision, we have to go through our government to the other government and it literally takes years. I have been involved in that enforcement with mexico colombia, and honduras, and it takes years. If your goal is to get vietnam closer to us lets get rid of isds. What is president obama referring to when he says china is going to write the rules . What rules is he talking about . He is talking about the fact that these are countries that geographically do have links to china. Again, what we would say to him, what i have said to him, then lets get rid of investor state dispute settlement. Brunei doesnt want investor states in these. If a u. S. Company can guarantee their profits in vietnam why will they invest in the u. S. When vietnam has 75 cent an hour wages . In the u. S. The minimum wage is higher but not high enough. We dont think this adds up any way you add it. How does the president expect american officials to enforce trade deals in vietnam . Whats the mechanism there . Its never been done before. How is it going to be done now . He expects the future trade representative to eventually write a report on complaints that we can make or others and then go to that government with a report saying we want you to live up to the agreement. Again the problem is even if that were true it takes years and years. The reason the u. S. Chamber is supporting this is because they get to sue for reparations. We dont get any reparations for what happens to workers. What we get is a report. All right. President obama specifically responded to labor leaders in his vox interview. Here it is. When i talk to labor organizations, i say right now we have been hugely disadvantaged. Why would we want to maintain the status quo . If we can organize a new trade deal where a country of vietnam for the first time recognizes labor rights and those are enforceable, thats a big deal. Your response to that . My response is years to enforce labor rights when people are killed when there is no right to organize when the minimum isnt enforced. We cant wait for years to enforce it. I do think vietnam, because they want this deal will make some changes. Mexico is not going to make the changes. We want to see how are we going to enforce this deal at the same time that Corporate America is going to enforce their side. Put us all on a level Playing Field or give us investor state so that citizen state dispute settlement so we can sue when workers are disadvantaged. Always a pleasure. Good to have you with us. Remember to answer tonights question there at the bottom of your screen. We read your comments. Coming up, staples is trying to save money by cracking down on parttime workers. Mitt romneys business model, it is on full display. Plus in fighting in Hillary Hillarys political operation looks like 2008 all over again. Were right back. The answers. The solutions. The innovations. All waiting to help us build Something Better. Something more amazing. A safer, cleaner brighter future. 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[ female announcer ] we help make secure financial tomorrows a reality for over 19 million people. [ susan ] my promotion allowed me to start investing for my retirement. Transamerica made it easy. [ female announcer ] everyone has a moment when tomorrow becomes real. Transamerica. Transform tomorrow. Welcome back to the ed show. Office supply chain staples has been looking for some ways to save some paper. Their most recent Earnings Report showed a 6 drop in sales over the previous year. They are cutting down on competition by buying up rival office depot for 6 billion. When it comes to employees, theyre cracking down on parttime workers. The company is threatening to fire parttimes who log more than 25 hours per week. Associates who clock more than 25 hours a week could face termination or multiple incidents. The note cites a recent change for the tough stance. Many are questioning whether the move is related to the implementation of the Affordable Care act. Staples denies obamacare played a part in this cost cutting. A spokesman said their parttime policy predates the Affordable Care act or obamacare. They say managers may have reiterated the policy in an effort to improve the efficiency and the competitiveness of the stores. The company once supported by mitt romneys bane capital is the support of romneys economy. Is this being used to squeeze the bottom line on workers . Your thoughts