Sanders blasts ‘disastrous’ Obama trade deal

Sen. Bernie SandersBernie SandersHealthcare fight pits Trump against Club for Growth Perez, Ellison start multistate ‘turnaround tour’ for Dems Overnight Finance: US preps cases linking North Korea to Fed heist | GOP chair says Dodd-Frank a 2017 priority | Chamber pushes lawmakers on Trump's trade pick | Labor nominee faces Senate MORE (I-Vt.) labeled a new trade deal finalized by the Obama administration on Monday as “disastrous,” and said he would work to defeat it.

Sanders, the Vermont senator leading Hillary Clinton in polls of the early-voting state New Hampshire, said the Trans-Pacific Partnership will lead to the loss of U.S. jobs, adding he was “disappointed but not surprised” by the decision to complete it.

“Wall Street and other big corporations have won again,” Sanders said. 

“It is time for the rest of us to stop letting multinational corporations rig the system to pad their profits at our expense.”

Trade officials from the dozen nations are expected to announce on Monday morning that there is a deal on the sweeping TPP, which covers 40 percent of the world’s growth. 

Legislation to implement the deal could come before Congress early next year, setting up a big congressional fight for President Obama that is also sure to be a campaign issue in both the Republican and Democratic primaries.

Sanders says the agreement follows other trade deals with “Mexico, China and other low-wage countries that have cost millions of jobs and shuttered tens of thousands of factories across the United States.”

“In the Senate, I will do all that I can to defeat this agreement,” he said. 

“We need trade policies that benefit American workers and consumers, not just the CEOs of large multinational corporations.”