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Thread: Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

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    Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    WASHINGTON -- The Obama administration appears to have almost no international support for controversial new trade standards that would grant radical new political powers to corporations, increase the cost of prescription medications and restrict bank regulation, according to two internal memos obtained by The Huffington Post.
    The memos, which come from a government involved in the 12-nation Trans-Pacific Partnership free trade negotiations, detail continued disputes in the talks over the deal. The documents reveal broad disagreement over a host of key positions, and general skepticism that an agreement can be reached by year-end. The Obama administration has urged countries to reach a deal by New Year's Day, though there is no technical deadline.

    One of the most controversial provisions in the talks includes new corporate empowerment language insisted upon by the U.S. government, which would allow foreign companies to challenge laws or regulations in a privately run international court. Under World Trade Organization treaties, this political power to contest government law is reserved for sovereign nations. The U.S. has endorsed some corporate political powers in prior trade agreements, including the North American Free Trade Agreement, but the scope of what laws can be challenged appears to be much broader in TPP negotiations.


    Under NAFTA, companies including Exxon Mobil, Dow Chemical and Eli Lilly have attempted to overrule Canadian regulations on offshore oil drilling, fracking, pesticides, drug patents and other issues. Companies could challenge an even broader array of rules under the TPP language.
    New standards concerning access to key medicines appear to be equally problematic for many nations. The Obama administration is insisting on mandating new intellectual property rules in the treaty that would grant pharmaceutical companies long-term monopolies on new medications. As a result, companies can charge high prices without regard to competition from generic providers. The result, public health experts have warned, would be higher prices around the world, and lack of access to life-saving drugs in poor countries.


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    Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    More proof that Obama is the farthest thing from being a true progressive. Obama is following the same global neo-liberal capitalist-corporatist policies. Sickening but true.


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    Re: Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    As Teddy Roosevelt said, "wise progressivism and wise conservatism go hand in hand"

    No president is out of the reach of the NWO corporate grip and there likely will never be one.
    Last edited by WCH; 12-09-13 at 06:06 PM.

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    Re: Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    It's always important to keep in mind the incredible amount of money that is available to buy off politicians in the United States. For instance, if the Mexican drug cartels wanted the borders kept open, paying Obama $1 billion would be nothing to them. The same holds true for George Soros, the Rothchilds or any other big money interest that wished to buy a politician to sell the United States out.

    That is the character of the leadership that the United States has today.

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    Re: Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: [/FONT][/COLOR]Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    More proof that Obama is the farthest thing from being a true progressive. Obama is following the same global neo-liberal capitalist-corporatist policies. Sickening but true.
    Quote Originally Posted by Ray410 View Post
    It's always important to keep in mind the incredible amount of money that is available to buy off politicians in the United States. For instance, if the Mexican drug cartels wanted the borders kept open, paying Obama $1 billion would be nothing to them. The same holds true for George Soros, the Rothchilds or any other big money interest that wished to buy a politician to sell the United States out.

    That is the character of the leadership that the United States has today.
    Well, for once, we all agree. Obama is a bought and paid for puppet. He also likes giving money to the poorest as well as the richest. The middle class, us fools that work or operate a small business - why he hands us the bill.

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    Re: Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: [/FONT][/COLOR]Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

    More proof that Obama is the farthest thing from being a true progressive. Obama is following the same global neo-liberal capitalist-corporatist policies. Sickening but true.

    I'm a Green and did not vote for Obama, but I did share the hope of many that he would buffer the Corporate power grab known as the New World Order. Looks like we've all been snookered one more time. This TPP deal is the last straw and combined with Citizens United we'll need an old fashioned douche bag to clean up the mess. We been screwed!

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