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IPFS News Link • Politics

COOK: Trump and Sanders Vow to Kill ObamaTrade, But for the Wrong Reasons

• http://truthinmedia.com

While the mainstream media focused on "Pharma Bro" Martin Shkreli's smirk last week, trade ministers signed the final agreement of the Trans-Pacific Partnership (TPP), also known as ObamaTrade.

During a congressional hearing, hedge fund manager-turned-pharmaceutical company CEO Martin Shkreli was asked by Rep. Jason Chaffetz (R-UT) if he "did anything wrong" by increasing a life saving drug by 5,000 percent. Shkreli's behavior sparked a national debate on capitalism and whether "greed is good" in America.

Ironically, while congressmen Reps. Trey Gowdy (R-SC) and Chaffetz criticized Shkreli's business decision to increase the price for one drug, they both voted to give President Obama 'fast-track' authority to approve ObamaTrade, which will likely increase drug costs for all Americans.

[RELATED: Obama Signs "Fast Track" Bill, TPP Inches Closer to Completion]

Supportive ObamaTrade groups are now admitting that thousands of Americans could lose their jobs from this agreement. ObamaTrade would also allow Big Pharma to increase drug prices and limit access for consumers— a gift for crony capitalists like Shkreli.

This month, both Donald Trump and Bernie Sanders are speaking out against the controversial trade deal.

Trump recently told CNN's Jake Tapper that he and Sanders have common ground on trade.

"The one thing we very much agree on is trade. We both agree that we are getting ripped off by China, by Japan, by Mexico, everyone we do business with," said Trump.


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