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.
Tag Archives: Barack Obama
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.
It appears Obama’s desire for Fast Track Authority, which he wants so he can ram the Trans Pacific Partnership (TPP) and later the TTIP through Congress, has been postponed until next year. He had not only wanted to acquire Fast Track Authority, but also to get the TPP passed before the end of this year. This year both houses of Congress have rejected putting Fast Track Trade Authority to the floor for a vote and seem to have delayed it until next session.
Many thought President Obama would be the hope and change our country needed to see the middle class restored. Instead of following his campaign promises to renegotiate NAFTA, he has pushed for even more “free trade” agreements including KORUS, TPP and TTIP. Each of these trade agreements have caused our country to sink further into massive trade deficits, and have stripped well-paying manufacturing jobs from our shores.