OBAMA: Wall Street’s Obedient Servant on TPP

[brentspeak]

http://www.ringoffireradio.com/2015/04/obama-wall-streets-obedient-servant-on-tpp/

OBAMA: Wall Street’s Obedient Servant on TPP

— April 20, 2015
by The Ring of Fire Staff

Congress is inching closer to giving President Obama “fast-track” authority on approving the Trans-Pacific Partnership trade deal — a trade deal that labor unions, environmentalists, human rights groups, and politicians have not been shy expressing their opposition over.

The deal has mostly been negotiated in secret, and what little information about it has been leaked has not been promising. The TPP would give corporations license to move millions of jobs overseas, attack environmental and health laws, and would give transnational corporations “the ability to bypass US courts and challenge US government action and inaction before international tribunals authorized to order US taxpayer compensation to the firms,” according to The Hill.

snip

“We (brentspeak: Democrats who signed a letter to Obama's lead Trade Pimp, Michael Froman) are concerned that the [TPP] could make it harder for Congress and regulatory agencies to prevent future financial crises,” the letter read. “With millions of families still struggling to recover from the last financial crisis and the Great Recession that followed, we cannot afford a trade deal that undermines the government’s ability to protect the American economy.”

Outside Wall Street and Big Business, the TPP would be a disaster. Corporations would have free reign to dismantle regulations — both financial and environmental. Millions of jobs would be lost, and the economy would take a huge hit as a result. President Obama needs to abandon this terrible plan, and soon.

[GoneFishin]

1. No true Democrat could support this economic assault on average Americans.

If corporations control our laws then we are no longer a democracy. The great experiment will have failed.

[SamKnause]

5. K&R

[blkmusclmachine]

11. Obama pals around with the Christian reconstructionists/Christian dominionists a lot. Makes you go

Hmmm...

[FiveGoodMen]

15. Truer words were never spoken.

[neverforget]

2. With allies like the US Chamber of Commerce, Orrin Hatch and Paul Ryan,

you know it's POS and will do nothing but hurt workers in this country.

http://www.washingtonpost.com/blogs/post-politics/wp/2015/04/21/u-s-chamber-afl-cio-clash-at-senate-hearing-over-obamas-free-trade-push/

Hatch is trying to move the bill quickly to give the Senate time for a vote by the end of May, and he has dismissed arguments that Congress is giving up oversight with fast-track legislation. Instead, he said, the legislation sets more than 150 negotiating priorities for the administration

But Trumka railed against the process, arguing the bill is essentially a rubber-stamp for the administration to pass a massive free trade and regulatory pact with countries that compose 40 percent of the world's gross domestic product.

Trumka said the Obama administration has spent more than five years already negotiating the terms with the Asia Pacific nations and that the negotiating principles contained the fast-track legislation are pointless because the deal is almost finished.

"The idea that fast track lets Congress set goals for the TPP is an absolute fiction," he said. "The instructions you send them will have no effect whatsoever."

[SamKnause]

4. K&R

[SamKnause]

3. K&R

[msongs]

6. ring of fire = RFK Jr, , Mike Papantonio, Sam Seder nt

[obnoxiousdrunk]

7. Some white folks

Like to call him the help.

[Skittles]

8. yes, Wall Street white folk

[blkmusclmachine]

9. Fooled ya! Twice!

?1418377669

[blkmusclmachine]

10. URL: http://www.thecommentator.com/system/articles/inner_pictures/000/005/415/original/obama-laughin

Comments are my own.

[BeanMusical]

12. Kick and R.

[latebloomer]

13. K&R

[JaneyVee]

14. Calling a black guy an obedient servant?

The fuck happened to this place?

[brentspeak]

18. That's the authors' intepretation of how WALL STREET views Obama

Hard to believe someone could be so dense as to think otherwise.

[NCTraveler]

16. I don't see how he could find himself in the position of obedient servant.

Truly poor choice of words to say the least. This is his last term. His speaking fees will not change regardless of the TPP. He will not become a lobbyist so any concerns there are out. He owes no one anything. I have had serious issues with some of the things he has done. One are I don't question him is his character. I think he believes he is doing what is best for the American worker. The only area I think he has been pushed around in any way has been by the military. Even there I think he has stood up for his principals. Sometimes in error.

[GoneFishin]

17. I doubt any one person could exhaustively consider every perk that springs from a give-away

bonanza this big and involving this astronomical a pile of money.

There will be corporations, CEOs, board members, and stockholders all over the globe who stand to make billions upon billions because of this deal.

Unfortunate connotations aside, he will be a very, very, very well paid servant.

[AzDar]

19. K & R