A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter, and it's as bad as many of us feared.
Now we know why the corporations and the Obama administration want the TPP, a huge "trade" agreement being negotiated between the United States and 11 other countries, kept secret from the public until it's too late to stop it.
The section of the TPP that has leaked is the "Investment" chapter that includes investor-state dispute settlement (ISDS) clauses. WikiLeaks has the text and analysis, and the Times has the story, in "Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.":
An ambitious 12-nation trade accord pushed by President Obama 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.
The Trans-Pacific Partnership -- a cornerstone of Mr. Obama's remaining economic agenda -- would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings -- federal, state or local -- before tribunals organized under the World Bank or the United Nations.
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7 comments:
the one who Liked this story is brain dead.
this is so wrong on every level. we are still a sovereign nation. we should not be regulated by anyone else. period. as far as the U.N. is concerned; they should be defunded immediately and pushed into the river today.
obamma hates this country. He's doing all he can to run us into the ground.
not just that, if any of you were to be able to find info and read it, it gets worse than that...
The TPP will ultimately, take our court system and make it that of the UN and it will take our laws and schools and make them under the UN... It will also, take guns away from everyone... if you think that is bad, if this passes, the USA can then miss label or not label what type of meat came from where and how and if there was any illnesses with the animals like mad cow disease... it also will let the govt sell modified or cloned meats and not tell you about it...
I have actually read this stuff and it is not good...
ONE WORLD GOVT is all that you can say now... Why else was the UN started in the first place... DUH
The UN needs be disband and cut all funds to and send in the USMC for force international crime on highest levels with the world banks and companies.
Weaken us from within and from without.
What idiot wants to give foreigners the right to challenge our laws and regulations? And, you KNOW there will be some judge, somewhere, who will side with the "injured" foreign corporation.
Picture the avalanche of new laws, regulations, government boards, inspectors, taxpayer payouts, and other wonderful benefits of the American people being told by their master that they are too stupid to understand.
HE will singlehandedly SAVE US and save the world, too. But we aren't allowed to know the details.
Seems like I've heard him play this song before....
What do they have to do before you realize that what you want is of no concern to them???
Keep cheering.
America is very sick due to Obamaitis.
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