Breaking ’08 Pledge, Leaked Trade Doc Shows Obama Wants to Help Corporations Avoid Re

[h=1]Breaking ’08 Pledge, Leaked Trade Doc Shows Obama Wants to Help Corporations Avoid Regulations[/h]
A draft agreement leaked Wednesday shows the Obama administration is pushing a secretive trade agreement that could vastly expand corporate power and directly contradict a 2008 campaign promise by President Obama. A U.S. proposal for the Trans-Pacific Partnership (TPP) trade pact between the United States and eight Pacific nations would allow foreign corporations operating in the U.S. to appeal key regulations to an international tribunal. The body would have the power to override U.S. law and issue penalties for failure to comply with its ruling. We speak to Lori Wallach, director of Public Citizen’s Global Trade Watch, a fair trade group that posted the leaked documents on its website. "This isn’t just a bad trade agreement," Wallach says. "This is a 'one-percenter' power tool that could rip up our basic needs and rights."

http://www.democracynow.org/2012/6/14/breaking_08_pledge_leaked_trade_doc

See video at above link....

Awesome! now a foreign entity will get to decide on whether or not to apply US Law to foreign companies that do business here. When did we lose our sovereignty?

NoDrama said:

Awesome! now a foreign entity will get to decide on whether or not to apply US Law to foreign companies that do business here. When did we lose our sovereignty?

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and conservatives want smaller and smaller government.....

smaller government at home means smaller government abroad.

you think corporations are too powerful now?? this is only the beginning....

redivider said:

and conservatives want smaller and smaller government.....

smaller government at home means smaller government abroad.

you think corporations are too powerful now?? this is only the beginning....

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Sorry to break the news to you, but you realise the current Government gives the Corporations their power, right?

Its called Lobbying and Donations.

Sorry to ruin your partisan BS.

Harrekin said:

Sorry to break the news to you, but you realise the current Government gives the Corporations their power, right?

Its called Lobbying and Donations.

Sorry to ruin your partisan BS.

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if there were more (eek) regulations in place to prevent monied interests from lobbying for favors and power, perhaps we could prevent this type of corruption.

but alas, fox news has taught me that regulations is bad. always. they is always bad. durn regulations.

UncleBuck said:

if there were more (eek) regulations in place to prevent monied interests from lobbying for favors and power, perhaps we could prevent this type of corruption.

but alas, fox news has taught me that regulations is bad. always. they is always bad. durn regulations.

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You seem to forget I'm a centrist, I don't believe in complete deregulation, but there's alot of bullshit regulation that's pointless and there's alot moar that needs to be there that isn't yet.

Ban all political donations period, they're clearly the no.1 source of corruption worldwide.

Harrekin said:

Ban all political donations period, they're clearly the no.1 source of corruption worldwide.

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you can thank our righty SCOTUS judges for the whole 'corporations are people' ruling.

we already had a wide open political donation system before, citizens united was the final straw.

i am constantly blown away by how elections are done in europe with less money involved.

UncleBuck said:

you can thank our righty SCOTUS judges for the whole 'corporations are people' ruling.

we already had a wide open political donation system before, citizens united was the final straw.

i am constantly blown away by how elections are done in europe with less money involved.

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We've a ban on corporate donations, named donors and personal caps on how much you can donate.

I know for a fact there's back handers and such, but they always get revealed eventually.

Wait.....No it's Bush's fault rhetoric? We sure bush didn't have a gun to Obama's head forcing him to sign the draft that will hurt the poor?

NoDrama said:

Awesome! now a foreign entity will get to decide on whether or not to apply US Law to foreign companies that do business here. When did we lose our sovereignty?

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That would be January 20th 2009, 12:01pm.

UncleBuck said:

you can thank our righty SCOTUS judges for the whole 'corporations are people' ruling.

we already had a wide open political donation system before, citizens united was the final straw.

i am constantly blown away by how elections are done in europe with less money involved.

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Corporations got that power way back in 1855 UB, the SCOTUS made no decision on this. The only thing they decided was that corporations would not be hindered in their use of campaign contributions.