Tulsi Gabbard on Free Trade Democratic Presidential Challenger; HI Rep.

TPP gave away our sovereignty to international panel

GABBARD: By pushing for fair trade, not trade deals that give away the sovereignty of the American people and our country, that give away American jobs, and that threaten our environment. These are the three main issues with that massive trade deal, the Trans-Pacific Partnership. I think the central one was the fact that it gave away our sovereignty to a panel of international corporations whose rulings would supersede any domestic law that we would pass, either a federal law or a state or a local law. This is extremely dangerous and goes against the very values that we have as a country. And it would have a negative impact on domestic jobs and that it lacked clear protections for our environment.

Don't keep Trump tariffs on China

GABBARD: I would not, because the approach that President Trump has taken has been extremely volatile without any clear strategic plan, and it has a ravaging and devastating effect on our domestic manufacturers, on our farmers, who are already struggling and now failing to see the light of day because of the plan that Trump has taken.

Ban oil & gas exports; end fossil-fuel subsidies

Gabbard: I have long been an advocate of aggressive climate change legislation to curb greenhouse gas emissions, including:

• Renewable energy mandate, zero-emission vehicle mandate, electrification of transit, electric vehicle rebate program for consumers.
• Moratorium on new major fossil-fuel projects, banning fracking, ending fossil-fuel subsidies, low-income weatherization and retrofit assistance.
• Extension of tax credits for wind and solar energy.
• Ban on crude oil and LNG [liquefied natural gas] exports.
• Environmental justice provisions for a clean energy future.
• Identify the employment potential of the energy efficiency and renewable energy industry and the skills and training needed for workers in those fields to support career transition period.

$25B more loans from Export-Import Bank.

This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:

• Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
• Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
• The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.