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A group of Republican "Democrats," who have organized themselves under the moniker "New Democrat Coalition," are trying to salvage the two secret international trade deals -- one with the Pacific countries, and the other with the Atlantic countries -- that President Obama (through former Citibank executive and now Obama's U.S. Trade Representative Michael Froman) has tried to negotiate on behalf of international mega-corporations so as to override the laws of the U.S. and the other participating nations.
Republicans in Congress want these deals to be passed, and so are staying quiet about the matter, but most Democrats oppose the deals. As The New York Times headlined about the issue, on January 31st, "Obama and G.O.P. Facing Opposition to Trade Pacts."
The first Democrat to go public against Obama on this matter was U.S. Senator Ron Wyden, on the Senate floor, 23 May 2012, when he said that the TPP “might prove to be the most far-reaching economic agreement since the World Trade Organization was established nearly twenty years ago,” and that, “TPP will set the tone for our nation’s economic future.” He noted, “The majority of Congress is being kept in the dark as to the substance of the TPP negotiations,” in contravention of the requirements of the U.S. Constitution. Even “the Staff Director of the Senate subcommittee responsible for oversight of international trade continues to be denied access to substantive and detailed information that pertains to the TPP talks.”
The only net beneficiaries of the Obama demands, if agreed to by all of the negotiants, would be the executives and stockholders in huge international corporations, whose products and services would become freed from existing government regulations, and whose market power to set prices and to block smaller firms from entering their markets would become an international economic-political stranglehold, corporate fascism.
People focus far to much on the Figurehead that gets thrown out every 8 years,
Taxpayers recouped about $39 billion of the $50.1 billion pumped into GM in late 2008 and 2009 as the Bush and Obama administrations tried to save the car maker from collapse after years of mismanagement brought to a head by a crippling credit crisis and economic recession.
While Peabody Coal, one of the prime sponsors of the FutureGen boondoggle in Illinois, announced an eightfold increase in profits in their fourth quarter reports for 2008, the Senate Appropriations Committee just approved legislation for an additional $4.6 billion in handouts to the coal industry as part of the stimulus package, in the guise of “clean coal.”
And you honestly feel Obama "morally" is "worst" than Bush?
I seriously think its a case of this is the problem now.
Wrabbit2000
reply to post by benrl
And you honestly feel Obama "morally" is "worst" than Bush?
I seriously think its a case of this is the problem now.
Oh absolutely and 100% I do. No question whatsoever.