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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTPP = "useful for the investments of America.”
This looks like a big, strategic piece, said Ian Bremmer, president of the Eurasia Group, a global risk analysis firm. Its a global strategy doctrine that will move the world in a direction that, in the long term, is useful for the investments of America.
http://www.washingtonpost.com/politics/obama-poised-for-a-major-trade-win-burnishing-his-foreign-policy-legacy/2015/06/24/e940c6fa-1a77-11e5-93b7-5eddc056ad8a_story.html
Interesting wording there, to say the least. And not a bit surprising.
Hoyt
(54,770 posts)Joe Turner
(930 posts)I don't know what news outlets you read but for the most part TPP has received very little press since its inception and only recently when the press does talk about TPP it is in the context of a political battle that Obama has with his own party not with the republicans. Your definition of a good agreement obviously includes the rights of corporations to supersede America's laws and regulations if it interferes with their profitability--which happens to include a lot of laws and regulations. Funny fellow you are.
Hoyt
(54,770 posts)Last edited Thu Jun 25, 2015, 10:38 AM - Edit history (1)
In fact, if an American corporation does not like America' laws they don't even have grounds to consider action under TPP, which would not supersede American law.
Joe Turner
(930 posts)Trumping a nation's rules, regulations, laws is the very essesence of TPP and why it has been kept secret since inception. I realize you got to do what you got to do, again pretty sad.
Hoyt
(54,770 posts)it doesn't change the law, and is very hard to win damages. Look at the suits filed under the ISDS in other trade agreements since 1959.
Joe Turner
(930 posts)Read this carefully: If a corporation gets damages because a nation's laws "unfairly" screws them that is superseding a nations law. "unfairly" being the key word here, which be decided by a tribunal outside the nation to have precedence over the nations law. TPP will put a lot more teeth into allowing corporations to trump a nations laws...The thousands of corporations involved in writing this monstrosity did not go to this efffort to allow nations to assert their sovreignty over this matters.
Hoyt
(54,770 posts)anything of substance in the ISDS from previous agreements we've signed, the EU and Scandinavian countries have signed, and others.
Look at some of the cases, they all are available on the internet. Be sure to read the cause of actions, not just some biased summary put out by people/organizations trying to attract readers/gullible voters/members, etc.
Joe Turner
(930 posts)to over-ride our laws and regulations. Corporations didn't invest billions of dollars into pacts like TPP to have a level playing field. They want to be able to sweep regulations, laws asides that they don't like. Obviously.
The only gullible ones our folks like you that seem to forget decades of actual history with corporate trade agreements which has left a trail destruction throughout the country. Keep on Spinning.
Hoyt
(54,770 posts)In every case I've seen where they won damages, they got paid for some of their facility investment because the tribunals felt the government did not treat them fairly under international law. Heck, the tribunals are run under UN/WTO rules. Even in those cases where they got some damages, the laws, or ways the laws were applied, that caused the disputes were not changed.
Joe Turner
(930 posts)You keep talking in circles like you are evidently paid to do. When I say TPP supercedes U.S. laws you come back with example of favorable settlements by a outside tribual which totally avoids my point. Moreover you may think a particular case is favorable but the point is that such agreements--TPP in particular--give power to corporations to over-ride a nations law. Most people find this abhorring. You don't. That's Life.
Hoyt
(54,770 posts)Joe Turner
(930 posts)Renew Deal
(81,901 posts)Does that mean for American companies to will be able to invest abroad? And does that mean greater sales abroad or greater manufacturing abroad, or both? And does this make sense if the profits/taxes aren't booked in the US.
AZ Progressive
(3,411 posts)pa28
(6,145 posts)He has an accidental moment of candor in pointing out fewer dollars will be invested here at home.
polly7
(20,582 posts)MisterP
(23,730 posts)U4ikLefty
(4,012 posts)big difference
jwirr
(39,215 posts)Recursion
(56,582 posts)They underperform most money markets but they rarely lose very much money, don't they? More "waste of time" than "risky".
Rex
(65,616 posts)They will have us giving them our money (without our request to the government I might add) until we have none left. The bailouts will keep going, until our paymasters on Wall Street can steal not a drop more.
MineralMan
(146,354 posts)and drawbacks of its implementation. Even after seeing the entire agreement, it will be difficult to say what will occur. Only time will tell.
Those who say there is nothing good that will come from TPP are not arguing from an informed position. There will be benefits for the US, but there will also be things that benefit other countries without benefits to us. It's a multi-national negotiated agreement. Give and take is part of all such agreements.
Elwood P Dowd
(11,443 posts)MineralMan
(146,354 posts)Thanks!
Joe Turner
(930 posts)which is the way to gauge benefits, TPP is a massive Net Negative. Unfortunatley for you, we have a very long record of one way corporate trade agreements from which to analize the likely outcome starting with NAFTA. The record is millions of high paying jobs outsourced, destroyed industries, and the rise of supra-national corporations that literally decide our government policies in all matters where their interests intersect. You must not get out much.
hifiguy
(33,688 posts)a/k/a the plutocracy, you're sitting pretty and if not, kiss your ass goodbye.
Rex
(65,616 posts)And as such, NOT investments of America. Not for the offshoring or outsourcing of jobs. We are a liability, because now we will make far too much salary.
The TPP is the biggest corporate giveaway, since Citigroup wrote the comnibus bill for Congress to sign. We are doomed if we let Big Biz run our government and it's people into the ground.
HappyMe
(20,277 posts)We won't know for quite awhile how this will help big corps and dump on our workers.
djean111
(14,255 posts)who voted/votes/shilled for it.
In fact I am kinda curious about why so much concerted and determined effort is being made to get us to kiss the pig.
The fix was always in. Who cares if we are happy about it? What does that really affect?
Dont call me Shirley
(10,998 posts)promotion and continued use of oil, coal, nuclear, fracking, petrochemicals, weapons and gmos continues.