The Democratic Leadership Yesterday Effectively Killed Obama’s International Trade Deals

Preface by Washington’s Blog: The Trans Pacific Partnership is a corporate power grab. The fact that Democratic leader Harry Reid is standing up to Obama on this is a very good thing.

-By Eric Zuesse:

One of President Barack Obama’s top priorities ever since he entered the White House has been to achieve two international trade deals, one with Europe, and the other with Asia, that will enable international corporations to override the laws in participating nations and thus to provide ultimate corporate control over regulations concerning pesticide-use, food-safety, global-warming abatement, collective bargaining, and other such matters.

Yesterday, Wednesday 29 January 2014, the leader of congressional Democrats, Harry Reid — the U.S. Senate Majority Leader — came out publicly saying, “I’m against fast track.” This means that unlike the international-trade treaties that were rammed through Congress under George W. Bush, Obama’s trade deals won’t be — and that they are thus now practically dead.

Fast track trade promotion authority (TPA) enables an international-trade deal to be presented to Congress for an up-or-down vote without any amendments and without any possibility of being filibustered. TPA was first introduced in 2002; and, in order for it to be able to be imposed under the law, the Majority Leaders in both the House and the Senate must introduce the implementing bill to their respective bodies. This means that, if Harry Reid in the Senate declines to introduce TPA to the Senate, then Obama’s extremely controversial TPP (Trans Pacific Partnership Agreement) and TTIP (Transatlantic Trade and Investment Partnership) are both virtually dead.

Harry Reid, in announcing his decision, said, “I think everyone would be well advised just to not push this right now,” which, translated, means: Unless and until President Obama rewrites major provisions of each of these two deals, both of them are, indeed, dead.

The question, now, therefore, is: How likely will Obama do that? The deals haven’t yet even been finalized, and the leaders of some democratic nations are demanding that Obama’s provisions for international corporations to be empowered to override democratically passed legislation in their countries be removed before they would sign it. So, Obama’s plan for international corporate control of regulations within the participating countries is now being opposed both by his own Party at home, and by the leaders of some democratic countries whose signatures would also be needed if the deals were to become law.

In other words: It’s back to the drawing boards for President Obama, on one of his top priorities as the U.S. President. And, given how late this is happening in his very unpopular Presidency, that means there almost certainly won’t be any TPP or TTIP, at least not while he is leading this country. If it will be done at all, it will happen under the next President.

———-

Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

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  • The Clintons got NAFTA passed and made China “Most Favored Nation” in trading. What is it with these CORPORATIST DEMOCRATS!!??

    • LanternRogue

      Corportions basically own both parties and have for quite some time. Good call on Clinton and NAFTA which was left out.

      • Corporations do own both parties. In fact most politicians are beholden to their donors than to Joe Blow Voter.
        We might as well be back to the time when only rich [white] landowners voted cuz my little old vote doesn’t mean much. Yes, if my husband and I both gave max donation to a presidential candidate (which we did) it only came to $5800 as a couple. There may have been other routes, but I hear slimy NWO LDS er Huntsman started that lie about him — HERMAN CAIN! Would have been great!

  • colinjames71

    F*ck yeah that’s the best news I’ve heard in a lung king time.

  • @colinjames71 I agree that this is the best news I’ve seen in the past 6 years!! I never thought I would agree with Reid on anything. However, my fear of getting a Republican dominated senate scares me as they are the ones pushing TPA.

  • jadan

    Once in a while, there’s good news!

  • Contrarianism

    First Snowden gets a Nobel Peace Prize nomination, and now Harry Reid does the right thing? What the hell is going on?

  • glennk

    He’s earned his shrinking popularity. He’s just been BV$H 3 in many respects.

  • Tonto

    Extoll the virtue of the undoing of this treaty in-progress all you will.

    The monstrous snorting war horse of popular nationalist isolationism is stomping around Washington D.C. Cooperation with Asia just got thrown out the window.

    This is a giant leap toward world war.

  • gozounlimited

    The California People Yesterday Effectively Killed Obama’s and Brownies Bob’s Chemtrails and Drought False Flag Deal

    They planned and set up this drought (obviously)…. read the articles below….explains everything….

    Obama Signs Executive Order to ‘Prepare Nation’ for Effects of Climate Change…… http://www.theblaze.com/stories/2013/11/01/obama-signs-global-warming-executive-order-to-prepare-nation-for-effects-of-climate-change/

    Bypassing Congressional deniers: Western Governors agreement with NOAA to provide climate services….. http://www.climatesciencewatch.org/2011/07/03/western-governors-agreement-with-noaa-to-provide-climate-services/

    Governor Brown, Obama Administration commit to October 1st deadline for draft Bay Delta Conservation Plan and environmental documents…… http://mavensnotebook.com/2013/05/08/governor-brown-obama-administration-commit-to-october-1st-deadline-for-draft-bay-delta-conservation-plan-and-environmental-documents/

    Introducing the National Drought Resilience Partnership……. http://www.whitehouse.gov/blog/2013/11/15/introducing-national-drought-resilience-partnership

    Obama Pledges Support Amid California Drought…….. http://www.huffingtonpost.com/2014/01/29/obama-california-drought_n_4691466.html

    • gozounlimited

      How our Tip Licker runs the show……. Snowden Docs: U.S. Spied on Negotiators At 2009 Climate Summit…… http://www.huffingtonpost.com/2014/01/29/snowden-nsa-surveillance-_n_4681362.html

      • gozounlimited

        It’s about forcing water and energy prices higher along with taxes so Brownie Bob can get his water Bond and the TL can serve the globalist and his corporate cronies & banksters……

        with a hot kickback….. after he leaves office of course.

      • Rocky Racoon

        Through studies of tree rings, sediment and other natural evidence, researchers have documented multiple droughts in California that lasted 10 or 20 years in a row during the past 1,000 years — compared to the mere three-year duration of the current dry spell. The two most severe megadroughts make the Dust Bowl of the 1930s look tame: a 240-year-long drought that started in 850 and, 50 years after the conclusion of that one, another that stretched at least 180 years…
        http://www.mercurynews.com/science/ci_24993601/california-drought-past-dry-periods-have-lasted-more

        • gozounlimited

          First you must understand micro climates and then understand the micro climates in Cali and how geoenginnering has destroyed the delicate balance of land/sea/air…… it’s not about tree rings….. it’s about assholes creating drought for profit….. and you become the loser by the user……again.

  • berger friedrich-wolfgang

    One of these extreme rare “positive NEWS” from DC ! — What We still wait for , the Announcement , that the “Authors & Beneficiaries” of “FINANCE – CRISIS 08 will be indicted !

  • angryinadk

    Everyone seems to have forgotten the phrase “I have a pen and a phone…”