Excerpt from: CREDO Action
In a matter of days, President Obama will launch his final push to pressure Congress to pass the Trans-Pacific Partnership (TPP). It’s a secretive trade deal that has been called “NAFTA on steroids” – and for good reason.
During his last State of the Union address on January 12, President Obama will make his case for a “trade” deal that would eviscerate broad swaths of regulations that protect consumers, workers, the environment and the soundness of our financial system. And, it would set up a legal regime where corporate profits trump the policy priorities of sovereign governments.
With the text of the deal now public even some key Republicans who supported Fast Track authority for approving the TPP are now saying they cannot support the trade deal as it stands.1 That means the President currently does not have the votes to pass the TPP. We need to keep it that way and thwart any momentum toward passage of the TPP in this Congress.
We can jump-start our campaign to stop this corporate power grab by making our voices heard as loudly as possible in advance of the State of the Union next week.
In November we finally got to see what’s inside the TPP – and it’s even worse than we thought. If Congress ratifies this agreement more, American jobs would be offshored. Internet freedom would be a joke. Developing countries would lose access to lifesaving medicines. Unsafe foods and products could pour into our country while we’re powerless to stop them. The deal includes countries notorious for severe violations of human rights, but the term “human rights” does not appear in the 5,600 pages of the TPP. And, that’s just the tip of the iceberg.
The administration’s spin about the TPP being the most progressive trade treaty ever is not based in reality. Don’t take our word for it. Here is what Doctors Without Borders said about the TPP:
- The TPP is a bad deal for medicine: it’s bad for humanitarian medical treatment providers such as MSF [Medecins Sans Frontieres, Doctors Without Borders], and it’s bad for people who need access to affordable medicines around the world, including in the United States.2
- Sen. Elizabeth Warren has also sounded the alarm about the TPP. She previously warned that trade deals like the TPP could provide an opportunity for “banks to get something done quietly out of sight that they could not accomplish in a public place with the cameras rolling and the lights on.”3
Indeed, the TPP includes provisions that would severely hamstring the ability of governments to stem the next banking crisis. Other provisions would allow multinational corporations to push back when governmental regulations cut into corporate profits by suing governments in foreign courts staffed by corporate lawyers.
While Congress cannot amend or filibuster the TPP, they do still have to vote yes or no on it. Already some Republicans have come out against this awful deal, so if we are able to confront the big money interests behind this treaty with an onslaught of grassroots opposition, we can win.
CREDO’s petition to Congress reads:
- “Say NO to the Trans-Pacific Partnership. It’s your job to ensure trade deals work for everyone, not just giant corporations. It would be deeply irresponsible for you to ignore that responsibility by rubber-stamping a titanic corporate power grab that was negotiated behind closed doors by the governments of a dozen countries (including ours) in collusion with corporate interests.”
Click the link below to sign the petition.
Thank you for speaking out. Your activism matters.
Murshed Zaheed, Deputy Political Director
CREDO Action from Working Assets
Russell Berman, “Republicans Sour on Obama’s Trade Pact”, The Atlantic, October 5, 2015.
“Statement by MSF on the Official Release of the Full Text of the Trans-Pacific Partnership Trade Agreement,” Médecins Sans Frontières, November 5, 2015.
Kate Davidson, “Elizabeth Warren: Trade talks could weaken bank oversight,” Politico, May 8, 2013.
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