Obama says 'dearest friends are wrong' when it comes to trade
Source: The Hill
President Obama on Friday took on Democratic critics of his trade agenda, calling them “wrong” and arguing that Congress should back his request for fast-track authority.
Speaking hours after the Bureau of Labor Statistics reported the U.S. jobless rate had fallen to a seven-year low, Obama made his pitch for fast-track and a 12-nation Pacific trade pact at the Oregon headquarters of footwear and apparel giant Nike.
“On trade, I actually think some of my dearest friends are wrong. They're just wrong,” Obama said of the Trans-Pacific Partnership (TPP) trade deal. “This is the most progressive trade deal in history.”
The president also warned that if the United States isn’t involved in making trade deals, it will leave China to write the rules.
Read more: http://thehill.com/homenews/administration/241465-obama-says-dearest-friends-are-wrong-when-it-comes-to-trade
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the most ardent supporters of the TPP here. Oh and I hate poor people in other countries too. 
Republicans and the US Chamber of Commerce are pushing the "most progressive trade deal in history". Technically, the most progressive doesn't mean it IS progressive but it's all bullshit. Lol. They're pushing it because they know they can ship more jobs overseas for cheap labor.
of all who believed in him. Have heard it has some good things in it but that the bad significantly out weighs it. Allowing corporate fascists to sue us if they lose a dime is beyond the pale. Have lost all faith in this man. 
What exactly will it do that will open up jobs here?
From what I can tell, it appears US companies will move their electronics manufacturing from China to Singapore or Malaysia. Vietnam has a significant manufacture sector themselves but seems to be more food processing & cloth. They all manufacture rubber & plastics. Malaysia & Vietnam have significant (secondary to their main manufacturing) oil & gas production -- Malaysia has a trade surplus too, they are also Singapore's top trade partner from what I can tell it works out for both. Not sure how exactly but water is a huge part of it.,
-----Singapore Economy
Financial aspects
Tariffs. Water and sewer tariffs in Singapore are set at a level allowing cost recovery, including capital costs. Water and sewer tariffs were raised substantially in the late 1990s, so that the average monthly domestic bill including taxes increased from S$ 13 in 1996 to S$ 30 in 2000.[44] The sewerage tariff (called "waterborne fee"
is S$ 0.30/m3 for domestic users plus a fixed tariff of S$ 3 per "chargeable fitting" per month. The water tariff includes a conservation tax set at 30% that increases to 45% for domestic consumption above 40 m3 per month. A general service tax of 7% is added to the bill. As of 2012, a household consuming 20 m3 per month and that has three "chargeable fittings" faces a water bill of S$ 32.5 per month and a sewer bill of S$ 15 per month, both including all taxes. The total of S$ 47.5 (USD 37.7) per month corresponds to S$ 2.38/m3 (US$1.88/m3). Industrial water tariffs are set lower at S$ 0.52/m3.[3] Water and sewerage tariffs are lower than tariffs in some European countries such as in Germany where the average water and sewer tariff including taxes was Euro 3.95 per m3 in 2004.
Investment. In the financial year 2010 PUB undertook investments of S$ 411 million (USD 290 million) in its own assets, mainly for water supply and NEWater, and S$ 451 million (USD 319 million) for assets belonging to the government, mainly for sanitation and stormwater drainage.[4] This corresponds to annual investments of USD 117 per capita, which is higher than in the United States where the corresponding figure is USD 97.
Financing. In 2005 PUB issued for the first time a bond, raising S$ 400 million, to finance part of its investment program. Since then, bonds have been issued regularly, including a S$ 300 million bond with a maturity of 20 years in 2007.[45] During the financial year 2010, PUB Group received an operating grant of S$ 185 million to fund the operation and maintenance of the stormwater drainage network and operating costs of certain water infrastructure assets such as the Marina, Serangoon and Punggol Reservoir schemes.[4]
http://en.wikipedia.org/wiki/Water_supply_and_sanitation_in_Singapore#Financial_aspects
Like I said with Malaysia having a trade surplus, one thing I notice is outside of China all of the countries already have trade relations I don't see how without black magic this will be good for US labor. The good news is it doesn't appear one sided for most of the countries involved -- I just don't see manufacturing jobs here. Especially for electronics, all those Foxconn jobs will just move south.
------Malaysia Economy
In 2013, Malaysia's total external trade totalled US$424 billion, made up of US$230.7 billion of exports and US$192.9 billion of imports, making Malaysia the world's 21th largest exporter and the world's 25th largest importer.
Malaysia's largest trading partner is China. Malaysia has been China's top trading partner within ASEAN for five years in a row since 2008. The two-way trade volume between China and Malaysia in 2013 reached $106 billion, making Malaysia China's third-largest trade partner in Asia, just behind Japan and South Korea and eighth largest overall.[66] On 31 May 2014, during Najib Razak's visit to China where he was welcomed by China's Premier Li Keqiang, China and Malaysia pledged to increase bilateral trade to US$160 billion by 2017. They also agreed to upgrade economic and financial co-operation, especially in the production of halal food, water processing and railway construction.[67]
Malaysia's second largest trading partner is Singapore and Malaysia is Singapore's biggest trading partner, with bilateral trade totalling roughly $91 billion US dollars in 2012, accounting for over a fifth of total trade within ASEAN.[68][69]
Malaysia's third largest trading partner is Japan, amounting RM137.45 billion (US$42 billion) of trade in 2014, an increase of 1.4% compared with to 2013. Out of this, exports totalled RM82.71 billion (US$25.6 billion), a growth of 4.4% cent while imports contracted 2.9% to RM54.75 billion (US$16.74 billion). Malaysian Ambassador to Japan Datuk Ahmad Izlan Idris said the main exports from Malaysia to Japan were liquefied natural gas (LNG), electrical and electronics as well as chemical-based products. He said Malaysia's main imports from Japan were electrical and electronics, machines and equipment as well as spare parts and accessories for vehicles and cars.[70]
Malaysia is an important trading partner for the United States. In 1999, two-way bilateral trade between the US and Malaysia totalled US$30.5 billion, with US exports to Malaysia totalling US$9.1 billion and US imports from Malaysia increasing to US$21.4 billion. Malaysia was the United States' 10th-largest trading partner and its 12th-largest export market. During the first half of 2000, US exports totalled US$5 billion, while US imports from Malaysia reached US$11.6 billion.
http://en.wikipedia.org/wiki/Economy_of_Malaysia#Free_trade_efforts
