In 1974, Fast Track Trade Authority—an unconstitutional way to negotiate trade—was invented. It was at this time that the great decline of the United States began, and it is no mere coincidence. It has been granted, off and on, to presidents ever since, and it never fails to lead to disastrous trade bills.
Tag Archives: Barack Obama
Although we have escaped the dangerous fast track trade authority for this year, January poses new threats. President Obama is seeking fast track trade authority to bypass congress and pass certain free trade deals that he has been working on in secret. One of them is the Transatlantic Trade and Investment Partnership (TTIP) which we know very little about, but thanks to Wikileaks, the chapters we do know about show that this agreement to disastrous for America.
The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
The U.S. Chamber of Commerce is the largest supporter of the Trans-Pacific Partnership (TPP). This group represents large multinational corporations, many of which are registered as American, but a large percentage of their businesses and profits reside in foreign countries. These large multinational corporations have no concern for what is in the best interest of our citizens or our economy. They are only concerned about making more profits. If they are not satisfied with their profits, the TPP would allow them to sue our government to change our laws and increase their profits.