The first political casualty of the Obama’s disastrous launch of ObamaCare is a bipartisan Congressional revolt against crony capitalists’ effort to pass the Trans-Pacific Partnership (TPP) treaty. In an open letter following his ObamaCare apology, 151 progressive Democrat members of the House of Representatives joined 22 conservative Republican members in sending a letter urging Obama to abandon asking for “fast-track authority” for approval of any new free trade agreement. Free trade agreements were initially hailed as a free market weapon to speed the defeat of communism, however it has turned into a tool to undermine American sovereignty and outsource jobs.
Congress wrote laws to oversee trade under the Constitution’s Commerce Clause. However, in 1974, Congress created fast track authority through the Trade Act of 1974 to give the president of the United States the ability to negotiate without filibusters or amendments a “substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis” as a free market weapon against communist expansion around the world. Free Trade act have been extended several times since 1980.
Following fast track’s expiration in the 2002’s, Congress ratified three separate trade agreements with Panama, Colombia, and South Korea. But in 2010, the White House began secretly negotiating the expansive Trans-Pacific Partnership between Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. However, unlike past trade agreements, the text of the TPP is classified and members of Congress have only restricted access to it – Obama’s transparency!. If they do read the TPP draft text, they are not allowed to copy it or discuss any specifics of it. However, 600 large transnational corporations are on the advisory panel and have real-time direct access to the draft text revisions.
The Obama administration claims the treaty will allow Pacific Rim nations to not only trade goods with near-zero tariffs, but also reduce non-tariff trade barriers against the “free movement” of intangible services, investments, public projects, and intellectual property. There is a growing concern is that the “free movement” language in the treaty is a code phrase for a backdoor corporate power grab to swap outsourcing of American service jobs in exchange for international enforcement of a radical expansion of intellectual property rights for the pharmaceutical, media, and tech industries. Multinational crony capitalists know that if they clandestinely implant self-serving language into TPP, American federal, state, and local law must be “harmonized” to conform to the treaty.
WikiLeaks confirmed those suspicions by publishing a recent report. Most troubling section of the report is the blatant effort to grant “policing” powers and “supranational litigation tribunals” that trump existing American laws regarding “individual rights, civil liberties, publishers, internet service providers and internet privacy.”
The treaty undermines the “formalities” of registering copyrights by granting “unpublished works” protections of up to 120 years and uses a “3-step test” for enforcement that favors powerful transnational corporate interests over American small business and local inventors.
When the WTO was passed under fast track, Congress was only allowed 90 days to review the bill’s 60 separate sections and tens of thousands of pages before making an up or down vote after only 20 hours of debate and no right to introduce amendments. Despite this treaty at least as complex as ObamaCare, few members of Congress read the treaty or had the expertise to understand the breadth of its true intentions. One of the WTO “requirements” was that the Glass-Steagall legislation that separated banks and investment brokers since the Great Depression had to be repealed. Most likely the reason for the rise of derivatives and the 2008 financial crash!
Despite the conceptual benefits of so called free trade agreements, the WTO, NAFTA and other fast-track treaties over the last two decades, the acts have caused a net loss of 6 million American manufacturing jobs and the U.S. trade deficit to increase by 440% with the countries involved.
One must ask, how can American small businesses and workers, burdened by brutal regulations, compete under TPP with huge transnational corporations paying their workers in Malaysia and other 3rd world nations, where the minimum wage is at or near one dollar an hour. In fact, in Vietnam it is 30 cents!
Thus, passage of the Trans-Pacific Partnership is the first political casualty from the ObamaCare scandal to evaporate under a bipartisan coalition of hard-left progressive Democrats and hard-right conservative Republicans.
REMEMBER BENGHAZI AND THE LIES TOLD BY OBAMA ABD HIS THUGS TO COVER IT UP! IN FACT, THE OBAMA ADMINISTRATION IS STILL STONEWALLING AFTER ONE YEAR (POST THE BENGHAZI STORY ON ALL YOUR POSTS)