Credit: www.cwa-union.org
President Obama says progressives who warn that trade laws let corporations overrule U.S. law are “making this stuff up.” Two attacks on U.S. laws and regulations are underway right now, illustrating how the “corporate courts” provisions in the Trans-Pacific Partnership (TPP) would open our country up to attacks from foreign corporations.
“They’re making this stuff up.”
Sen. Elizabeth Warren, legal scholars and others have been sounding the alarm about the Investor-State Dispute Settlement (ISDS) provisions that have leaked to the public from the secret TPP negotiations. They are warning that the ISDS provisions, as the New York Times put it, “would allow foreign corporations to sue the United States government for actions that undermine their investment ‘expectations’ and hurt their business, according to a classified document.”
President Obama says Warren and these others are being “dishonest.” In his speech at Nike the other day the president said, “Critics warn that parts of this deal would undermine American regulation – food safety, worker safety, even financial regulations. They’re […]
Warren and others are not making up these provisions about investor state ability to sue governments. They have been part and parcel of all the FTA’s between Canada, Mexico and the US for decades now. They were hugely written into the failed FTAA (Free Trade Agreement of the America’s) from which the 2001 protest in Quebec City was organized. QC came shortly after the Seattle protest, that witnessed more and more aware citizens protesting against corporate control. Barry is the ‘same colour’ as his GOP buddies from which he will join some corporate boardroom chair after his term as President is complete. Talk about a round table! hahahahaha
http://www.politico.com/story/2015/05/rob-portman-gop-senate-trade-currency-118038.html
good story about one term of the deal – trade terms should be a debate issue.