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Re: Call on TPP at 2:20pm

Hi everyone— I double-checked the transcript and finished the rest of the TPP section. Please use the below: JUDY WOODRUFF: (In progress) -- President Obama to speak about trade and the Trans-Pacific Partnership (inaudible) 11 other countries covering 40 percent of the global economy, 800 million consumers. They've already started a big battle between people who love free trade and people who care more about protection (inaudible). HILLARY CLINTON: Well I have said from the very beginning that we have to have a trade agreement that would create good, American jobs, raise (inaudible), and advance our national security. And I still believe that's a high bar we have to beat. I have been trying to learn as much as I can about the agreement, but I'm worried. I'm worried about currency manipulation not being part of the agreement. We have lost American jobs to manipulation that countries, particularly in Asia, have engaged in. I am worried that pharmaceutical companies may have gotten more benefits, and patients and consumers (inaudible). I think there are still a lot of unanswered questions, but for me, it really comes down to those three points that I made, and the fact that we have learned a lot about trade agreements in the past years. Sometimes they look great on paper. I know when President Obama came into office, he inherited a trade agreement with South Korea. I, along with other members in the cabinet, pushed hard to get a better trade agreement. I think we made improvements. Now looking back on it, it doesn't have the results we thought it would have in terms of access to the markets, more exports, etc. JUDY WOODRUFF: So are you saying that as of today, this is not something that you would support? HILLARY CLINTON: What I know about it, as of today, I am not in favor of what I have learned about it. And there's one other (inaudible) I want to make because I think it's important. Trade agreements don't happen in a vacuum. And in order for us to have a competitive economy in the global marketplace, there are things you need to do here at home that help raise wages, and the Republicans have blocked everything President Obama tried to do on that front. And then what I know, and again I don't have the text, we don't have all the details, I don't believe that it meets the high bar that I have set. JUDY WOODRUFF: So is President Obama wrong? He's vigorously defending this. He is saying it does protect jobs, that when it comes to (inaudible) jobs that automation and technology are more responsible than trade agreements. HILLARY CLINTON: Look, I think the president has been extraordinarily effective in making as strong a case as could be made, and I think his hard work and that of his team has certainly moved this agreement. Again, based on what I read about it, because I can't read the agreement yet, (inaudible). But I do worry that we've got an equation here. How do we raise incomes in America? On the one hand, trade is a part of it, but it's not the only answer. And on the other, if we don't get more investment in education and science and research and infrastructure and clean energy, the kinds of things that will create jobs here at home, then I'm afraid on net, it won't meet the high bar that I've set. JUDY WOODRUFF: But just quickly, can you just agree that if it’s agreement is rejected, Asia experts are saying, (inaudible) decrease the influence in the U.S. and Asia, it’s going to give a boost to China, which is trying to become more dominant. Doesn’t it conflict with your pivot to Asia when you were Secretary of State? HILLARY CLINTON: I don't think so, because the best way to exercise influence in Asia is to remain the world's strongest economy here at home. And that means we have to have more middle class jobs, more people being in the middle class, more people being able to get into the middle class. And we haven't looked at this from a competitive perspective because the Republicans have stood in the way. And so for my analysis, I think that there is a strong argument that our leadership, our strength, our influence begins with having an economy that is producing good jobs with rising incomes, and I've made the connection there. On Wed, Oct 7, 2015 at 2:20 PM, Varun Anand <vanand@hillaryclinton.com> wrote: > Here's what she said: > > HILLARY CLINTON: Well I have said from the very beginning that we have > to have a trade agreement that would create good, American jobs, raise > (inaudible), and advance our national security. And I still believe > that's a high bar we have to meet. I have been trying to learn as much > as I can about the agreement, but I'm worried. I'm worried about > currency manipulation not being part of the agreement. We have lost > American jobs to manipulation that countries, particularly in Asia and > (inaudible). I am worried that pharmaceutical companies may have > gotten more benefits (inaudible). > > I think there are still a lot of unanswered questions, but for me, it > really comes down to those three points that I made. And the fact that > we have learned a lot about trade agreements in the past years. > Sometimes it looked great on paper. I know when President Obama came > into office, he inherited a trade agreement with South Korea. I, along > with other members in the cabinet, pushed hard to get a better trade > agreement, we think we made improvements. Now looking back on it, it > doesn't have the results we thought it would have in terms of access > to the markets, more exports, etc. > > JUDY WOODRUFF: So are you saying that as of today, this is not > something that you would support? > > HILLARY CLINTON: What I know about it, as of today, I am not in favor > of what I have learned about it. And there's one other element I want > to make, trade agreements don't happen in a vacuum. And in order for > us to have a competitive economy in the global marketplace, there are > things you need to do here at home that help raise wages, and the > Republicans have blocked everything President Obama tried to do on > that front. And then what I know, and again, I don't have all the > details, I don't believe that it meets the high bar that I have set. > > > On Wed, Oct 7, 2015 at 2:19 PM, Nick Merrill > <nmerrill@hillaryclinton.com> wrote: >> Thanks. >> >> On Oct 7, 2015, at 1:16 PM, Varun Anand <vanand@hillaryclinton.com> wrote: >> >> Sending around what she said in 3 minutes. >> >> On Wed, Oct 7, 2015 at 2:13 PM, Jake Sullivan >> <jsullivan@hillaryclinton.com> wrote: >>> What did she just say? >>> >>> >>> >>>> On Oct 7, 2015, at 2:05 PM, Varun Anand <vanand@hillaryclinton.com> wrote: >>>> >>>> Hi all, we're going to do a call on what HRC just said about TPP at 2:20pm. >>>> >>>> Dial-in: 718-514-6773