Worth reading the full article.
The agreement gives special treatment for foreign corporations operating within the U.S.
The administration would agree to grant an international tribunal power to overrule American law.
Here is a link to the original document under discussion:
http://www.citizenstrade.org/ctc/wp-content/uploads/2012/06/tppinvestment.pdf
Guess who Zero needs to buy the bonds so that he can keep his indentured constituency in tow? The Party of the .001% strikes again.
... yet none dare call it treason.
Related:
http://hotair.com/archives/2012/06/13/balance-both-left-and-right-angry-with-obama-on-trade/
Wait, wouldn’t a trade agreement be consider a treaty, and if so, would require the Senate’s approval?
The Secret Government is being exposed. The end may be near for Obama, he may not make it to November.
Two United Nations groups recently urged global governments not to agree to trade terms currently being advocated by the Obama administration, on the grounds that such rules would hurt public health.
Trans-Pacific negotiations have been taking place throughout the Obama presidency. The deal is strongly supported by the U.S. Chamber of Commerce, the top lobbying group for American corporations. Obama's Republican opponent in the 2012 presidential elections, Mitt Romney, has urged the U.S. to finalize the deal as soon as possible.
So Obama, the US CoC and Romney are in agreement on this deal but the UN is against? My head is spinning.
Libs going apes**t over this. 25,000+ comments on the original HufflePuff article, many screaming at Obama.
This article:
Controversial Trade Pact Text Leaked, Shows U.S. Trade Officials Have Agreed to Terms That Undermine Obama Domestic Agenda
http://www.citizen.org/pressroom/pressroomredirect.cfm?ID=3630
excerpt:
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.
snip
The leak also reveals that:
Australia has refused to submit to the jurisdiction of the “investor-state” private corporate enforcement foreign tribunal system;
U.S. negotiators are alone in seeking to expand this extra-judicial enforcement system to allow the use of foreign tribunals to enforce contracts that foreign investors may have with a government for government procurement or to operate utilities contracts and even related to concessions for natural resources on federal lands;
Other countries are proposing safeguards for financial regulation and limits to the corporate tribunals that the U.S. has not supported.
Public Citizen’s analysis of the leaked text and guided tour through its provisions can be found here.
http://www.citizen.org/documents/Leaked-TPP-Investment-Analysis.pdf
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