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IDemo

(16,926 posts)
Wed Jun 24, 2015, 11:12 PM Jun 2015

TPP = "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. “It’s 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.

31 replies = new reply since forum marked as read
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TPP = "useful for the investments of America.” (Original Post) IDemo Jun 2015 OP
Nice to see some major press on the benefits of a good agreement. Hoyt Jun 2015 #1
Republicans and good agreements don't go together Joe Turner Jun 2015 #5
The TPP doesn't allow corporations to supersede American laws, or anyone else's Hoyt Jun 2015 #8
That is completely False Joe Turner Jun 2015 #9
No it's not. A corporation might get damages if a nation's law unfairly screws them, but Hoyt Jun 2015 #11
You are purposely obtuse Joe Turner Jun 2015 #13
No it's not because the circumstances under which damages are awarded. TPP doesn't change Hoyt Jun 2015 #14
Yes it does, it gives corporation much more power Joe Turner Jun 2015 #24
Well, if you can't give an example of it happening, you are just making it up. Hoyt Jun 2015 #28
Hey did you miss the part about TPP superceding U.S. Law? Joe Turner Jun 2015 #29
No it doesn't. Hoyt Jun 2015 #30
Sorry, you admitted it yourself while trying to change the subject Joe Turner Jun 2015 #31
What are the "investments of America?" Renew Deal Jun 2015 #2
translation: for the 1% of America, the 99% gets no benefit AZ Progressive Jun 2015 #3
TPP is largely about protecting the investments of American corporations in foreign countries. pa28 Jun 2015 #4
+1000. That's exactly what it is. nt. polly7 Jun 2015 #23
remember that whatever happens in the colonies is just a dress rehearsal for at home MisterP Jun 2015 #25
"of America" not "in Amercia" U4ikLefty Jun 2015 #6
You mean like hedge funds and other risky investments? Are we going to get to bail them out again? jwirr Jun 2015 #7
Are hedge funds "risky"? Recursion Jun 2015 #10
Wall Street is already setting up for their next rigging of the stock market. Rex Jun 2015 #15
Agree. jwirr Jun 2015 #21
Like all multi-national trade agreements, there will be benefits MineralMan Jun 2015 #12
Help me get up off the floor. Elwood P Dowd Jun 2015 #17
What an informative reply! MineralMan Jun 2015 #19
On a Net Basis for a majority of the people Joe Turner Jun 2015 #22
IOW if you are in the ownership class hifiguy Jun 2015 #16
Yes it was made very clear to us in the labor force, we are all just human capital now. Rex Jun 2015 #18
I am very leery of this. HappyMe Jun 2015 #20
My bottom line - no matter how much lipstick is put on this pig - I am still not voting for anyone djean111 Jun 2015 #26
Humanity won't be here for the cashing in on those long term investments if the subsidies, Dont call me Shirley Jun 2015 #27
 

Joe Turner

(930 posts)
5. Republicans and good agreements don't go together
Thu Jun 25, 2015, 12:19 AM
Jun 2015

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)
8. The TPP doesn't allow corporations to supersede American laws, or anyone else's
Thu Jun 25, 2015, 01:04 AM
Jun 2015

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)
9. That is completely False
Thu Jun 25, 2015, 10:35 AM
Jun 2015

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)
11. No it's not. A corporation might get damages if a nation's law unfairly screws them, but
Thu Jun 25, 2015, 10:40 AM
Jun 2015

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)
13. You are purposely obtuse
Thu Jun 25, 2015, 01:03 PM
Jun 2015

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)
14. No it's not because the circumstances under which damages are awarded. TPP doesn't change
Thu Jun 25, 2015, 01:13 PM
Jun 2015

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)
24. Yes it does, it gives corporation much more power
Thu Jun 25, 2015, 03:32 PM
Jun 2015

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)
28. Well, if you can't give an example of it happening, you are just making it up.
Thu Jun 25, 2015, 04:42 PM
Jun 2015

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)
29. Hey did you miss the part about TPP superceding U.S. Law?
Thu Jun 25, 2015, 05:08 PM
Jun 2015

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.

Renew Deal

(81,901 posts)
2. What are the "investments of America?"
Wed Jun 24, 2015, 11:40 PM
Jun 2015

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.

pa28

(6,145 posts)
4. TPP is largely about protecting the investments of American corporations in foreign countries.
Wed Jun 24, 2015, 11:55 PM
Jun 2015

He has an accidental moment of candor in pointing out fewer dollars will be invested here at home.

jwirr

(39,215 posts)
7. You mean like hedge funds and other risky investments? Are we going to get to bail them out again?
Thu Jun 25, 2015, 12:53 AM
Jun 2015

Recursion

(56,582 posts)
10. Are hedge funds "risky"?
Thu Jun 25, 2015, 10:38 AM
Jun 2015

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)
15. Wall Street is already setting up for their next rigging of the stock market.
Thu Jun 25, 2015, 01:17 PM
Jun 2015

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)
12. Like all multi-national trade agreements, there will be benefits
Thu Jun 25, 2015, 10:43 AM
Jun 2015

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.

 

Joe Turner

(930 posts)
22. On a Net Basis for a majority of the people
Thu Jun 25, 2015, 03:01 PM
Jun 2015

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)
16. IOW if you are in the ownership class
Thu Jun 25, 2015, 01:17 PM
Jun 2015

a/k/a the plutocracy, you're sitting pretty and if not, kiss your ass goodbye.

 

Rex

(65,616 posts)
18. Yes it was made very clear to us in the labor force, we are all just human capital now.
Thu Jun 25, 2015, 01:19 PM
Jun 2015

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)
20. I am very leery of this.
Thu Jun 25, 2015, 01:25 PM
Jun 2015

We won't know for quite awhile how this will help big corps and dump on our workers.

 

djean111

(14,255 posts)
26. My bottom line - no matter how much lipstick is put on this pig - I am still not voting for anyone
Thu Jun 25, 2015, 04:23 PM
Jun 2015

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)
27. Humanity won't be here for the cashing in on those long term investments if the subsidies,
Thu Jun 25, 2015, 04:25 PM
Jun 2015

promotion and continued use of oil, coal, nuclear, fracking, petrochemicals, weapons and gmos continues.

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