The Democrats are out, the Republicans are in, and Trade Promotion Authority for the TPP (Trans-Pacific Partnership) and the TTIP (Transatlantic Trade and Investment Partnership) is just around the corner.
With the Republicans solidifying their hold over the House and picking up seven additional seats in the Senate for the majority, pundits in the media have already labeled President Obama a lame-duck president with little to no hope of getting landmark legislation through Congress. However, in his first post-election press conference, an optimistic Obama congratulated Senator Mitch McConnell (R-Ky.), the expected new Senate majority leader, saying that he was “eager to work with the new Congress to make the next two years as productive as possible.”
According to U.S. News & World Report, “Obama also made reference to trade agreements Wednesday in his own post-election press conference, saying it was one area in which Democrats have a ‘real opportunity’ [to] cooperate with Republicans.”
Of the election results, conservative radio talk-show host Rush Limbaugh declared, “The Republican Party was not elected to sit down and work together with the Democrats. The Republican Party was not elected to slow down the speed the country is headed to the cliff and go over it slowly.”