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Mon Apr 27, 2015, 03:41 PM

 

Summary of Dangers of the TPP


From what we've seen the TPP will:
1. make it easier to offshore more jobs now performed in the United States.
2. generate downward pressure on wages.
3. empower another 25,000 foreign corporations to use Investor State Dispute Settlement (ISDS) tribunals to gut our net neutrality, environmental, health, labor and safety laws and regulations.
4. give big pharma new monopoly patent rights.
5. provide for rolling back financial regulations put in place after the crash of 2008.
6. provide for banning buy local and buy domestic policies.
7. undermine climate change and energy policies by constraining the permissible policies governments can use to implement them.
8. potentially prevent the Treasury from replacing the practice of issuing Treasury debt to fund deficit spending with alternative funding methods.
9. potentially prevent the Fed from using negative interest rate policies if it chooses to do so.
10. potentially force the US to bail out insolvent banks through ISDS settlements.
11. constitute ISDS tribunals as criminogenic environments with corporate advocates who play the roles of both judges and corporate attorneys at different times and who have substantial incentives to both drag out and sustain corporate suits against governments at all levels.
12. turn over the legislative power of the Federal government to the investor state dispute settlement courts and the corporations buying their loyalty.
13. paralyze action by future Congresses that might reduce corporate “expectations of profits,”.
14. create a permanent political fight over repealing the horror of the TPP while the US economy declines year after year.
15. create an unconstrained and unconstitutional trade agreement fusing judicial and legislative authority whose overnight judicial undoing would create international instability.
16. demand that the American public ought to ensure them against the business risks they take abroad.
17. insist on classification of the TPP drafts, hiding them from the public and making it an impossible burden for Congresspeople to evaluate them, and then on keeping the proposed or actual agreement secret so that the American people can’t even know what the law is that may result in international levies of many billions of dollars upon them, for four years after the TPP is either passed or defeated.
18. create the possibility that one ISDS case, decided by a biased three-judge panel dominated by attorneys who primarily work for corporate clients could deliver a financial crisis to an American State or local government.
19. provide multinationals protections against risk that would not be accorded to domestic corporations.
20. define “investment” so broadly that it applies to any asset that is either owned or controlled and therefore to any new regulation that may be passed by any democratic government placing chains on all of them and defeating the requirement of the consent of the governed.
21. prohibit “Buy American” laws and regulations.
22. fail to provide a clear legal provision allowing regulating investments for public purpose through laws and regulations that would not be subject to the interpretations of ISDS tribunals dominated by representatives of corporations making decisions in accord with the principle that national level rule making must not interfere with the “expectations of profits” held by multinational private corporations, or to any other tribunals not subject to the consent of the governed.

Any one of the above should be enough to scuttle the TPP. Email your Congress-Critter today and tomorrow.

From: http://neweconomicperspectives.org/2015/04/indicting-the-trans-pacific-partnership-even-one-of-these-counts-is-sufficient-to-vote-to-kill-it.html

25 replies, 1497 views

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Replies to this discussion thread
Arrow 25 replies Author Time Post
Reply Summary of Dangers of the TPP (Original post)
rhett o rick Apr 2015 OP
rhett o rick Apr 2015 #1
arcane1 Apr 2015 #2
Maedhros Apr 2015 #5
cali Apr 2015 #3
rhett o rick Apr 2015 #8
cali Apr 2015 #9
rhett o rick Apr 2015 #10
Octafish Apr 2015 #4
rhett o rick Apr 2015 #7
KoKo Apr 2015 #6
Autumn Apr 2015 #11
99th_Monkey Apr 2015 #12
Helen Borg Apr 2015 #14
sabrina 1 Apr 2015 #15
Helen Borg Apr 2015 #13
sabrina 1 Apr 2015 #16
zeemike Apr 2015 #19
rhett o rick Apr 2015 #21
MaggieD Apr 2015 #17
rhett o rick Apr 2015 #18
pampango Apr 2015 #22
rhett o rick Apr 2015 #23
pampango Apr 2015 #24
rhett o rick Apr 2015 #25
Cleita Apr 2015 #20

Response to rhett o rick (Original post)

Mon Apr 27, 2015, 03:45 PM

1. And I want to point out that no one has come out to assure us that these possibilities won't be

 

in the document.

No one has come out with a similar list showing the benefits of the TPP.

Those that support Pres Obama's position one way or the other, offer no arguments in favor, only ad hominem attacks on those opposed.

This single issue shows the separation between the Progressive Wing (opposed) and the Conservative Wing (supports Obama's position).

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Response to rhett o rick (Reply #1)

Mon Apr 27, 2015, 03:47 PM

2. And unfortunately, that now includes Obama himself :(

 

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Response to rhett o rick (Reply #1)

Mon Apr 27, 2015, 04:05 PM

5. They are using the "absence of evidence equals evidence of absence" argument

 

without realizing it's a fallacy.

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 03:47 PM

3. thanks for posting this

 

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Response to cali (Reply #3)

Mon Apr 27, 2015, 04:30 PM

8. Will be interesting which Congress-Criters end up siding with the Populists on this. nm

 

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Response to rhett o rick (Reply #8)

Mon Apr 27, 2015, 04:35 PM

9. most dems oppose, most rethugs support

 

The real vote is on the tpa. If that passes the tpp passes

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Response to cali (Reply #9)

Mon Apr 27, 2015, 04:53 PM

10. Yes I think you are right. nm

 

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 03:48 PM

4. Joe Firestone works with William K. Black.

That is some list, a DUzy, as it were.

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Response to Octafish (Reply #4)

Mon Apr 27, 2015, 04:29 PM

7. I took some liberties to edit his list to make it more concise.

 

I think too many words tends to lose people.

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 04:27 PM

6. Recommend...

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 05:22 PM

11. That looks bad. I see why the GOP likes it. Why does the man I voted for twice

want it so bad? Bad enough to attack the Democrats in his own party, in a way he has never attacked the pukes.

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Response to Autumn (Reply #11)

Mon Apr 27, 2015, 05:31 PM

12. "Why does the man I voted for twice View profile want it so bad?" <- Question of the hour nt

 

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Response to 99th_Monkey (Reply #12)

Mon Apr 27, 2015, 05:40 PM

14. He's done with campaigning, so why?...

Did "they" inject him with toxic nanobots that would get activated if this does not pass?... I get X-files vibes here...

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Response to Autumn (Reply #11)

Mon Apr 27, 2015, 05:48 PM

15. That's the question everyone who voted for him wants to know, except for a few.

And he seems so desperate, not the cool, calm person he usually is.

So desperate he's beginning to sound like people on the internet who resort to personal attacks without ever addressing the issues.

'The Game is Rigged' Warren is right about that too!



'

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 05:38 PM

13. But there must also be some positives for us commoners...

Right? Right?...

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Response to Helen Borg (Reply #13)

Mon Apr 27, 2015, 05:53 PM

16. Yes of course there are, those nice people, Corporation People I mean, will take care of you all

just fine! Just trust us! Because Corporations are people too, my friend!

I wonder if they laugh at the people while sipping their cocktails in their exclusive mansions?

Especially at the people who support them? I imagine they do. Why wouldn't they?

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Response to Helen Borg (Reply #13)

Mon Apr 27, 2015, 06:39 PM

19. Well sure there is.

We get to join the third world...that is the new world order.
And the President gets a family membership in the Big Club.

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Response to Helen Borg (Reply #13)

Mon Apr 27, 2015, 06:52 PM

21. Some of us commoners like to have all powerful authoritarian leaders to guide their

 

thinking for them. For them fascism will be a comfort. Just think, you'll never have to make a decision. Repeat after me, the TPP is good, Dog bless Fast Track, Obama loves me," You get the idea. So yes there is something in it for some commoners.

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 05:59 PM

17. Wow, so it's not a secret after all???

 

LOL. Good summary.

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 05:59 PM

18. Since Pres Obama sees eye to eye w the Repubs on this, which is most likely;

 

Pres Obama is occasionally wrong or the Republicons are occasionally right (no pun intended)?

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Response to rhett o rick (Reply #18)

Mon Apr 27, 2015, 07:43 PM

22. He also sees eye-to-eye with the Democratic base. The republican base opposes it

by large margins.

Are President Obama and the Democratic base occasionally wrong or is the republican base occasionally right?

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Response to pampango (Reply #22)

Mon Apr 27, 2015, 08:05 PM

23. I would say that the republicon base may be a lot less corrupt than their representatives.

 

Is Obama wrong on this issue. Hell yes. I believe the Republicon base think that everything Obama does is bad while their Congress-Criters are trying to tell them, "not this time".

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Response to rhett o rick (Reply #23)

Mon Apr 27, 2015, 09:16 PM

24. Is the Democratic base more corrupt than their representatives? Or perhaps they are just uninformed?

If the republican base agrees with me, they are just haters. Otherwise they would disagree with me. If the Democratic base disagrees with me, they are just uninformed. If they get informed they will agree with me. OK. Kind of convenient, but plausible.

Of course, the republican base has always opposed trade agreements (starting with those of Woodrow Wilson and FDR) long before Obama, the WTO, the UN and most other forms of interaction with the rest of the world other than perhaps the occasional military invasion or bombing. So I am not so sure they would have disagreed with you even if they were not haters.

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Response to pampango (Reply #24)

Mon Apr 27, 2015, 11:47 PM

25. Good grief. You are doing a lot of tap dancing. The TPP is bad for the 99%.

 

It is waaaaaaaay more than a "Free Trade Agreement". But I'm guessing you don't care a damn about what the TPP will do. If true, I would really like to know why?

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Response to rhett o rick (Original post)

Mon Apr 27, 2015, 06:41 PM

20. K&R

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