Ever heard of the Trans-Pacific Partnership? Yeah, me neither before today.
According to a post on Public Citizen, the Obama Administration has been negotiating in secret a sort of a trade agreement that undermines not just U.S. law, economics and survival, but tosses soveregnty out the window.
From the post:
Although the TPP has been branded a “trade” agreement, the leaked text of the pact’s Investment Chapter shows that the TPP would:
- limit how U.S. federal and state officials could regulate foreign firms operating within U.S. boundaries, with requirements to provide them greater rights than domestic firms;
- extend the incentives for U.S. firms to offshore investment and jobs to lower-wage countries;
- establish a two-track legal system that gives foreign firms new rights to skirt U.S. courts and laws, directly sue the U.S. government before foreign tribunals and demand compensation for financial, health, environmental, land use and other laws they claim undermine their TPP privileges; and
- allow foreign firms to demand compensation for the costs of complying with U.S. financial or environmental regulations that apply equally to domestic and foreign firms.
Really? And that’s not all. O’Idiot, so far, has left Congress out of the loop on this one:
While 600 official U.S. corporate advisors have access to TPP texts and have a special role in advising U.S. negotiators, for the public, press and policymakers, this leak provides the first access to one of the prospective TPP’s most controversial chapters. In May, U.S. Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee’s Subcommittee on International Trade, Customs and Global Competitiveness – the committee with jurisdiction over the TPP – filed legislation to open the process after he and his staff were denied access to even the U.S. proposals for the TPP negotiations.
So, a U.S. Congresscritter from Obama’s party, responsible for enforcing whatever this pact or agreement is, had to SUE to get access to the proposals? Great transparency there, Obama. Not only that, by not calling it a “Treaty” or another name that would trigger a vote in the Senate, the Regime seeks to by-pass the very oversight that was put into place to safeguard the USA from the very sorts of policies outlined above.
Unbelievable. Or totally believable, depending on one’s perspective. And it took a leak to get any kind of light shed on this.
The post on Public Citizen is worth a read to educate oneself on the issue. Too bad the only remotely major news outlet covering it is the Huffington Post. They’re not happy either, but for completely different reasons.