An Indecisive Hillary Rodham Clinton’s Gift to the GOP and Their 1% Owners

Hugh J. Campbell Son of a steelworker, Philadelphia, Pa.

According to the article Hillary Clinton was Never Going to Support TPP: For labor unions and the base of the Democratic Party, TPP is not just one issue among many. It is the issue.

Hillary Clinton is now running in a Democratic primary in which the most motivated voters are virulently opposed to this deal, and labor unions, an indispensable source of money and organizing for any Democratic nominee, have made it their number one issue.

There is virtually no political downside to her opposition to TPP. There is no constituency in the Democratic party that is rabidly in favor of the deal (just try to find someone who says she lost his or her vote over this decision), and Republican presidential hopefuls who are dead set against ObamaTrade will have a hard time attacking her for it.

In other words, there was no way Hillary Clinton could ever support it. It would be like a Republican presidential candidate endorsing Obamacare.

A proactive HRC would have opposed TPP in the spring of 2015 when it first came before Congress, in the form of fast-track and, given fast-track narrow margin of victory, in all likelihood would have caused its defeat. Unfortunately, an incisive HRC gave the GOP and their 1% owners, potentially their greatest legislative victory of the Obama terms in office.

HRC’s delay in opposing The Trans-Pacific Partnership (TPP) can be viewed as the tip of the iceberg to Hillary’s indecisive and reactive mode of operation with regard to political issues.  

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Hugh Campbell is a seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. Hugh has previously held positions as Chief Risk Officer (CRO), Chief Audit Executive (CAE) and Director of Sarbanes-Oxley (SOX) Compliance.

Posted In: Union Matters

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