Obama Trade Document Leaked, Revealing New Corporate Powers And Broken Campaign Promises
WASHINGTON -- A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.
The leaked document has been posted on the website of Public Citizen, a long-time critic of the administration's trade objectives. The new leak follows substantial controversy surrounding the secrecy of the talks, in which some members of Congress have complained they are not being given the same access to trade documents that corporate officials receive.
"The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of [trade] negotiations," said Lori Wallach, director of Public Citizen's Global Trade Watch in a written statement.
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Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.
The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign.
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"Bush was better than Obama on this," said Judit Rius, U.S. manager of Doctors Without Borders Access to Medicines Campaign, referring to the medication rules. "It's pathetic, but it is what it is. The world's upside-down."
http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_n_1592593.html
I will say one Obama thing.. if I'm a Ralph Nader type, then what third party can I vote for? I don't like this ^^, when Obama out-Bush's George Bush. Obama is too Republican for me, he would have been too Republican for Reagan or Gerald Ford for that matter.
Now if we can, let's stick discussion to trade deal and the new broad powers for multinational corps TO IGNORE UNITED STATES LAW. Remember, to be multinational ALL AN AMERICAN CORP needs is a darn mailbox in Bermuda or Shanghai.