Corporate lobbyists, Republican Congressional leadership and the Obama Administration experienced a significant set-back Friday as surprise rejection vote of a key component of the administration’s Asian trade initiative occurred. Republicans supply more no votes that Democrats, as Obama take a hit The overwhelming 126-302 vote against the Trade Adjustment Assistance (TAA) bill, part of a legislative package required to advance the controversial fast-track Trade Promotion Authority to President Obama’s desk, took place as both Republicans and Democrats crushed one of the president’s most sought after Congressional accomplishments. President Obama’s intensive lobbying of Democrats ended in a stunning rejection, as the Democratic Minority…
Rebellious Republicans Help Democrats Reject Trans Pacific Trade Deal
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.