Sunday, June 17, 2012

when the chief slave-catchers are negroes....,



HuffPo | A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.

The leaked document has been posted on the website of Citizens Trade Campaign, a long-time critic of the administration's trade objectives. The new leak follows substantial controversy surrounding the secrecy of the talks, in which some members of Congress have complained they are not being given the same access to trade documents that corporate officials receive.

"The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of [trade] negotiations," said Lori Wallach, director of Public Citizen's Global Trade Watch in a written statement.

Sen. Ron Wyden (D-Ore.) has been so incensed by the lack of access as to introduce legislation requiring further disclosure. House Oversight Committee Chairman Darrell Issa (R-Calif.) has gone so far as to leak a separate document from the talks on his website. Other Senators are considering writing a letter to Ron Kirk, the top trade negotiator under Obama, demanding more disclosure.

The newly leaked document is one of the most controversial of the Trans-Pacific Partnership trade pact. It addresses a broad sweep of regulations governing international investment and reveals the Obama administration's advocacy for policies that environmental activists, financial reform advocates and labor unions have long rejected for eroding key protections currently in domestic laws.

Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.

The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign.

5 comments:

CNu said...

Remarks to the high and mighty fraternal order of slave catchers incorporated http://www.ustr.gov/about-us/press-office/speeches/transcripts/2010/june/remarks-ambassador-ron-kirk-sigma-pi-phi%E2%80%99s-50th

Ed Dunn said...

So they can come here and do fracking in Overland Park? Can we go over there and so the same?

CNu said...

no Ed.

Their star is ascendent, ours - not so much...,

Ed Dunn said...

Well, explain why Obama is so interested in ASEAN...
http://youtu.be/iMGCBISXDwY

CNu said...

I was talking about lumpen 99% Americans. I'm of the opinion that the specifically American program of austerity centers on systematically de-democratizing the U.S. economy.

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