About the Post

Author Information

Jennifer is Co-host of The Story of Liberty Radio Broadcast, video editor and creator, blogger & Web designer for the Story of Liberty. TheStoryofLiberty.net

obama-signing-away-our-sovereignty

Leaked document: Obama administration intends to bestow radical new political powers upon multinational corporations.

WASHINGTON — A critical document from President Barack Obama’s free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.

The leaked document has been posted on the website of Public Citizen, a long-time critic of the administration’s trade objectives. The new leak follows substantial controversy surrounding the secrecy of the talks, in which some members of Congress have complained they are not being given the same access to trade documents that corporate officials receive.

“The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of [trade] negotiations,” said Lori Wallach, director of Public Citizen’s Global Trade Watch in a written statement.

Sen. Ron Wyden (D-Ore.)

Sen. Ron Wyden (D-Ore.) has been so incensed by the lack of access as to introduce legislation requiring further disclosure. House Oversight Committee Chairman Darrell Issa (R-Calif.) has gone so far as to leak a separate document from the talks on his website. Other Senators are considering writing a letter to Ron Kirk, the top trade negotiator under Obama, demanding more disclosure.

Sen. Ron Wyden (D-Ore.) introduced legislation  to protest the Obama administration’s refusal to share information about controversial trade negotiations with the senator.

House Oversight Committee Chairman Darrell Issa (R-Calif.)

Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.

The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign.

But while the current trade deal could pose a challenge to American sovereignty, large corporations headquartered in the U.S. could potentially benefit from it by using the same terms to oppose the laws of foreign governments. If one of the eight Pacific nations involved in the talks passes a new rule to which an American firm objects, that U.S. company could take the country to court directly in international tribunals.

The destruction to our Sovereignty is a slippery slope to the death of America Liberty.

Document Leaked: http://www.citizenstrade.org/ctc/wp-content/uploads/2012/06/tppinvestment.pdf

Read more: http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_n_1592593.html?ncid=webmail1

About these ads

One Comment on “Leaked document: Obama administration intends to bestow radical new political powers upon multinational corporations.”

  1. Arnold Cox June 13, 2012 at 5:31 pm #

    The president is taking to much power on himself, Congress should have to approve any kind of deal like this. Obama is going to ruin our country before he get voted out of office if left to his own deivises. Congress needs to enforce the Laws of this Land and stop him from give away our country. Stand and do the job that you were put in office to do CONGRESS MEN AND WOMEN!!!!!!Otherwise you may be finding a new job real soon too.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 136 other followers

%d bloggers like this: