Lobbyists from America's biggest corporations and Wall Street's biggest banks have been involved in pushing the Trans-Pacific Partnership but not the American public. Republicans who now run Congress say they want to cooperate with President Obama, and point to the administration's Trans-Pacific Partnership, or TPP, as the model. The only problem is the TPP would be a disaster.
The media has been pushing a line, following Republican victory in last week's midterm election, that the one area where Barack Obama and a now GOP-controlled Senate might find room for compromise is trade, especially the approval of the Trans-Pacific Partnership, or TPP, a twelve nation deal.
I'd be surprised if a single voter cast their ballot on Tuesday so multinational corporations could exempt themselves from national laws. I don’t remember one TV ad framing the election as a chance to raise prescription drug prices in poor countries, or to stop the government from buying American-made goods - See more at: http://www.thefiscaltimes.com/Columns/2014/11/07/GOP-Obama-Compromise-Would-Mean-Scary-Win-Big-Business#sthash.G2f9zZiH.dpuf
Tens of thousands of people are flooding the streets of cities all over Europe on Saturday in mass rallies against a controversial trade agreement between the US and the EU. Talks on the pact, called the Transatlantic Trade and Investment Partnership (TTIP), started last February and, having been mostly held behind closed doors, have raised widespread concerns in the European Union and beyond. ”
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The Trans-Pacific Partnership should not be under consideration for Fast Track. The trade agreement is being negotiated between the United States, Mexico, Canada and several countries in the Asia-Pacific region. Passage of TPP is an Obama administration goal; it has been discussed and altered for years.
Yet more secretive Trans-Pacific Partnership (TPP) negotiations are underway today in Washington. Thanks to some hearty protestors braving the heat and humidity to hold a location pointer out in front of the Office of the U.S. Trade Representative, the word got out. For TPP negotiations launched in 2008 on a deal that was supposed to be done in 2011, 2012, and 2013 respectively, the sell-by date has long passed on this sort of closed-door diplomatic legislating.