As the Trans Pacific Partnership (TPP) and Trade Promotion Authority (TPA) have finally slipped out of the shadows, more and more terrifying information is coming out. If you haven’t heard of the Investor State Dispute Settlement clause (ISDS), it’s because no one is talking about it. It essentially trumps any and all federal, state, and local U.S. regulations that are deemed “a trade barrier” and strips us from the sovereign right to govern our own affairs.
Tag Archives: NAFTA
When NAFTA (North American Free Trade Agreement) was passed, many people feared the worst. The results have indeed been disastrous for the U.S. Economy:
- The trade deficit with Mexico has exploded
- Mexican wages remain nearly as low as they were prior to NAFTA and are still a small fraction of our average wages
- Wealth and power has not filtered to the people. Most of Mexico is still controlled by less than 100 corporations in Mexico
- Many of our other trading partners have relocated facilities to Mexico to circumvent other trade agreements with the U.S.
- American manufacturing has lost 1 million jobs in the past 20 years as U.S. companies have also moved to Mexico for lower wages and lax regulation
Usually, anything with the term “free” on it has a positive connotation: free cookies, free appetizer, free purse with the purchase of any item over $45, this salad dressing is fat free. However, using the example of “fat free,”when we ran some studies on supposed “fat free,” we found nasty results. Fat free use to be this great, healthy thing for our bodies and it turned out being the total opposite.
Just how many economy-killing “free trade” agreements is our so-called Commander-in-Chief going to sign America up for? It should be noted that “free trade” agreements in the past haven’t exactly played out to the benefit of the average American.
Now that President Obama has been given Trade Promotion Authority, Congress will receive any “trade” agreement with 90 days to review it, no amendments allowed, and can only vote up-or-down. If you still aren’t sure how you feel about the TPP or so called “free trade” itself, take a look at what Dr. Adrien Krieg, former International Trade Advisory under Reagan and Clinton, says about it.