The American Bear

Sunshine/Lollipops

It didn’t have to be this way. It was not preordained that President Obama would become Corporate-Globalizer-in-Chief. The base of the Democratic Party has aligned itself firmly against the ‘free trade’ agenda—so much so that both Obama and Clinton campaigned in 2008 against the NAFTA model and in favor of a ‘fair trade’ alternative. In fact, going into the 2012 elections, there’s evidence that Obama’s betrayal of earlier vows could be a significant liability among voters and a bitter pill for key constituencies the president needs if his campaign is going to overcome the enthusiasm gap between progressives and the Republican faithful. President Obama: Corporate Globalizer | Mark Engler

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

"[What] we’re talking about with this leaked chapter is literally a parallel system of justice. People have domestic laws and courts, trying to defend our rights and get our needs met. Corporations would have a parallel system of private attorneys, three of them, no conflict-of-interest laws. The U.S. and the other countries would submit themselves to the jurisdiction of this corporate kangaroo court, and these three random attorneys would have the right to order the U.S. government to pay unlimited amounts of our tax dollars to corporations and investors who, A, claim regulatory costs need to be refunded, or, B, are saying they’re not being treated well enough, regardless if the policies they dislike are the exact same ones that apply to all of us. Even under NAFTA’s system, which has some of this, $350 million have already been paid out to corporations by governments, over toxics bans, zoning laws, timber rules. This is a sneaky outrage. And if people actually put a spotlight on it, we can stop it." — Lori Wallach of Global Trade Watch

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.”