[This comes from Robert Cruickshank, Senior Campaign Manager for Democracy for America, who is one of my old sparring partners in the state and national blogosphere, who is now keeping an eye on the TPP — the trade agreement that OJB was among the first to address in print! — GAD]
Elizabeth Warren was right about the Trans-Pacific Partnership — and it’s worse than we thought.
Last month Senator Warren criticized a provision reported to be in the proposed trade deal called “Investor-State Dispute Settlement” or ISDS.
ISDS allows multinational corporations to challenge laws passed by our government — things like environmental or safety regulations — to potentially win millions of dollars in “damages” that would have to be paid by American taxpayers. And they could do all this without ever having to go to court in the United States.
The text of the proposed TPP deal has been a secret — until now. The New York Times and WikiLeaks got their hands on the TPP text, and it’s bad. The TPP would go further in undermining our laws and regulations, and it would benefit more big businesses than we’d originally believed.
The recent leak shows that the TPP would allow corporations to use ISDS to challenge “Buy America” or “buy local” rules that favor domestic manufacturing. The new leak also shows that safeguards to limit the use of ISDS, shown in a 2012 leak of the TPP, are now gone.
ISDS is a secret tribunal. Its members would be corporate lobbyists who would not be acting in the best interests of you or me. The purpose of ISDS is to help big corporations make more money at our expense.
Senator Warren gave some good examples of how corporations are using ISDS to attack laws designed to help working families: They sued Egypt for raising the minimum wage, and they sued Germany for eliminating nuclear power to keep its citizens safe.
Right now, Philip Morris is suing Australia for implementing tobacco regulations designed to cut smoking rates and protect children. Ironically, the leak shows that Australia has insisted it not be subject to ISDS — yet our own government still intends to make the United States vulnerable to ISDS and the big corporations.
We can stop the TPP. The first step is to prevent Congress from giving Fast Track authority to the White House, limiting the power of leaders like Elizabeth Warren to fix this bad deal.
Thank you for standing up to corporate power.
[Ed. Note: Obviously, the degree to which any given reader deserves such thanks may vary. You can find out more about Democracy for America here.]
*Ever since the days of Carla Hills, Trade deals have been questionable. Some things
sound good on paper, but letting Burma provide textile garments with labor paid at 3 cents a day, iit is probably going to affect many jobs here in the US. As usual, these trade deals never guarantee that the savings of production will be passed on to US Consumers. It does guarantee that cheap goods will flood the market and put US makers at a great disadvantage trying to sell their goods around the world. Back in the day, when everyone was attacking Auto Workers for high wages in Detroit, the cost of S-10 Pick-up was about $12K dollars. GM moved their production to Guadalara and were able to make the S-10 for almost one third of the cost as in Detroit. How much did the S-10 cost after manufacturing had been moved out of the US? $12,500 ……..The profits were quickly routed to other diverse investment out of the country and you are now welcome to the Global Economy. As Ross Perot said: The Devil is in the details and without Elizabeth Warren safeguards on banks and the corporate movement of funds to off shore non taxable locations……”Houston….we have a problem!”
I assume this was the video you wanted us to see?
Demonstration against this monstrosity at the Huntington Beach Pier, Sunday the 12th at 10 AM …
https://www.facebook.com/events/1553459838254051/
More info to come, and keep calling your congresscritters to oppose this:
To Find Your Congress Member: http://www.contactingthecongress.org
Senator Boxer: 202-224-3553
Senator Feinstein: 202-224-3841
Congressman Dana Rohrabacher: 714-960-6483
Congresswoman Loretta Sanchez: 714-621-0102
Congressman Alan Lowenthal: 562-436-3828
Congressman Ed Royce: 714-255-0101
Congresswoman Mimi Walters: 202-225-5611
Congressman Darrell Issa: 949-281-2449