Wall Street And Big Corporations Got What They Wanted – This Time

Fast track passes. Our Congress – the supposed representatives of We the People – voted to cut themselves and us out of the process of deciding what “the rules” for doing business “in the 21st Century” will be.

How do the plutocrats and oligarchs and their giant multinational corporations get what they want when a pesky democracy is in their way? They push that pesky democracy out of their way.

Because of fast track, when the secret Trans-Pacific Partnership (TPP) and any other secretly negotiated “trade” agreements are completed Congress must vote in a hurry with only limited debate, cannot make any amendments no matter what is in the agreement, and they can’t be filibustered. Nothing else coming before our Congress gets that kind of skid-greasing, only corporate-written “trade” agreements – and it doesn’t matter how far the contents go beyond actual “trade.”

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Will TPP Kill The Post Office?

Corporations are notorious for sneaking things into laws and regulations before the public can find out and rally to stop it. And we know from the conservative Supreme Court arguments against the Affordable Care Act that even what amounts to a typo can be used to change the obvious meaning and intent of a law.

These are reasons we need to see the text of the Trans-Pacific Partnership before Congress votes to preapprove it with fast track trade promotion authority (TPA). They are pushing what is literally a pig in a poke on us. We the People need to open that bag and have a good, long look inside before fast track buys the TPP pig in our name.

Negotiated in secret by corporate representatives, it is probable that the Trans-Pacific Partnership (TPP) is loaded with things the big corporations have snuck in. We already know from leaks that TPP contains provisions allowing companies to sue our government in “corporate courts” if they feel a law or regulation is cutting into their profits. What else is in there?

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All Hands On Deck: House Fast Track Vote Could Come This Week

ALL HANDS ON DECK. This is not a drill. The vote in the House of Representatives on fast track trade authority, preapproving the Trans-Pacific Partnership (TPP) before the public finds out what is in it, is coming up very soon. It is even possible it could happen later this week. The Senate has already passed fast track; if the House passes this it goes to President Obama and he will sign it. That will make TPP a done deal.

Fast track is a weird procedure, invented by President Richard Nixon, whereby Congress sets aside the normal procedures for considering, debating and voting on a bill – but only for so-called “trade” agreements. Under fast track Congress agrees to rush the agreement through with little debate, agrees not to make any amendments, and not to filibuster it. (How else could they get approval for deals that allow companies to ship jobs and factories out of the country to places where workers and the environment are not protected?)

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Obama’s Anti-Populist Attack On Warren On Trade

As the Senate begins consideration today of the “fast track” trade promotion authority for the Trans-Pacific Partnership, President Obama says that Sen. Elizabeth Warren is expressing concerns because she is “a politician.”

The president’s statement demeaning what Warren (D-Mass.) is saying as just what politicians say makes it seem that he thinks that listening to constituents and doing that they want (a.k.a. “representative democracy”) is a bad thing. But Warren and almost every other Democrat have come to understand that trade agreements that send American jobs out of the country – and the fast track process that is used to push them through – have become core issues that could trigger severe public reaction. This Fast Track vote is politically the third-rail equivalent of the 2002 vote to authorize Bush to invade Iraq.

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Death To Pensions – Video

From AFSCME:

ENRON BILLIONAIRE ARNOLD HAS A PROBLEM WITH LIBRARIANS’ PENSIONS
Former Enron trader and hedge fund billionaire John Arnold is launching a multimillion dollar national PR campaign attacking the hard-earned pensions of public sector workers. Arnold has already quietly poured tens of millions of dollars into his efforts to persuade politicians to reduce middle class retirement security and now it looks like he may really just be getting started.

How TPP Increases Corporate Power vs. Government – And Us

Power is the ability to control, to tell what to do, to get your way. Corporations have a lot of power over working people in our country now, and they might be about to get a lot more.

The proponents of the Trans-Pacific Partnership (TPP) tell us that it will have unprecedented “progressive” protections for the rights of working people, the environment, even wildlife. So there is likely to be flowery-sounding language in TPP, just as President Obama says.

What matters is whether there will be clear and guaranteed enforceability of those words.

Enforcement Matters

Rules are great; enforcement is greater. Without enforcement, a rule may as well not exist – especially when everyone knows there is not enforcement.

We see rules with no enforcement all around us. Here’s an obvious example. Right now several obvious presidential candidates say they aren’t candidates so they can get around rules about contribution limits to their campaigns and coordination with super PACs. The Federal Election Commission is not enforcing the rules that say candidates can’t do this. These candidates know there is no enforcement and thus continue to violate the rules.

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A Look At The Fast Track Bill Shows It’s The Wrong Thing To Do

The “fast track” trade promotion authority bill has been introduced in the Senate. Article 1, Section 8 of the Constitution says, “The Congress shall have power to … regulate commerce with foreign nations.” But under fast track, Congress relinquishes that power and agrees to pass trade bills brought to them by the executive branch in a very short time frame with little debate and without making any changes should any problems present themselves.

Though it was announced that this year’s fast track bill was the result of a “deal” between Sens. Ron Wyden (D-Ore.) and Orrin Hatch (R-Utah) the 2015 bill is nearly identical to the 2014 bill that died in Congress without support for a vote. See this side-by-side comparison from Rep. Sander Levin of the House Ways and Means Committee. It is unclear from this comparison why the “negotiations” between Hatch and Wyden took so long, and what Wyden got that enabled him to put his name on it, enabling the bill to be sold as “bipartisan.”

Fast Track Sets Aside Normal Procedure

Congress does not set aside normal procedure, debate, the ability to fix problems that turn up and agree to vote within 90 days except for trade agreements – even though trade agreements have now proven to have such a tremendous and often detrimental effect on our economy, jobs, wages and inequality. Where did the idea to do this come from? According to Public Citizen, this unusual procedure was “initially created by President Richard Nixon to get around public debate and congressional oversight.”

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The Fast Track Fight Begins In The Senate

The final fight to stop fast track begins this week. The new trade promotion authority (“fast track”) bill could be released in the Senate at any moment. (It might be out by the time you read this.)

Hatch and Wyden Poised to Introduce Bill

With literally zero reporting from the national TV networks and a virtual news blackout at most newspapers around the country, at least Politico sets the stage for insiders in their report, “Trade fight looms as Congress returns“:

Senate Finance Committee leaders Orrin Hatch and Ron Wyden appear poised to introduce a “fast track” trade promotion authority bill along with House Ways and Means Committee Chairman Paul Ryan. But months of closed-door negotiations were continuing on Friday, congressional aides said.

The power, largely embraced by Republicans, pits many congressional Democrats, including Sen. Elizabeth Warren and potentially Senate Democratic leader-in-waiting Charles Schumer, against the White House.

The measure would allow President Barack Obama to submit free trade agreements to Congress for straight up or down votes without any amendments. It’s seen as key to completing his signature 12-country trade deal known as the Trans-Pacific Partnership pact.

Fast track is, in essence, congressional pre-approval of the Trans-Pacific Partnership (TPP) trade agreement. With fast track Congress agrees to give up its much of constitutional duty to define negotiating objectives, carefully deliberate and debate, and fix problems that might turn up. With fast track rendering Congress unable to fix flaws, even if any problems do turn up that might seriously hurt the country or our economy, a vote on the trade agreement will occur under the enormous pressure of the media blasting, “surely they won’t just kill the whole thing over a few problems.”

The idea is that allowing Congress (democratic government) to “meddle” will get in the way and keep other (non-democratic) countries from “making their best offers.” Congress is considering this pre-approval of TPP and future trade agreements even though the national news media is not reporting on fast track or TPP, and Congress and the public haven’t yet even seen the agreement (never mind had time to analyze it and consider its ramifications).

Week Of Action

The AFL-CIO is organizing a “Week of Action Against Fast Tracking Trade Deals.”

On Wednesday at 11 am in Washington D.C.’s Upper Senate Park, more than 600 union members will rally at an event organized by the United Steelworkers (USW) on Capitol Hill. The rally will feature Senators Sherrod Brown (D-Ohio) and Al Franken (D-Minn.), Representatives Rosa DeLauro (D-Conn.) and Keith Ellison (D-Minn.), USW President Leo Gerard, AFL-CIO Executive VP Tefere Gebre, AFGE President J. David Cox, National Association of Letter Carriers President Fred Rolando, American Federation of Teachers Secretary-Treasurer Loretta Johnson, and Sierra Club National Campaign Director Debbie Sease.

On Saturday, the AFL-CIO and its member unions are organizing over 50 events throughout the country in conjunction with hundreds of events planned as part of the global day of action in over a dozen countries.

Click here to find an event or to organize an event.

A Monday story in The Hill, “Labor unions ramp up opposition to Obama trade agenda,” has more on the Week of Action:

Lawmakers, labor union leaders and their members will hold a rally Wednesday on Capitol Hill and follow that up with 50 grassroots events around the country and in more than a dozen countries on Saturday as part of the weeklong effort. …

The efforts include letter-writing campaigns, phone calls, petitions and door-knocks.

Meanwhile CREDO and other organizations are petitioning to ask presidential candidate Hillary Clinton to lead the opposition to fast track and TPP.

Don’t Trade Our Future Demonstration April 20

There will also be a “Don’t Trade Our Future” demonstration on April 20, the final day of the Populism2015 Conference in Washington, which is sponsored by the Campaign for America’s Future (CAF), National People’s Action (NPA), USAction and the Alliance for a Just Society. People will assemble at 11:30 a.m. at AFL-CIO headquarters at 815 16th Street NW, and will march first to the headquarters of the Chamber of Commerce and then to the U.S. Trade Representative’s office. They are urging Congress to vote down fast track.

Sen. Bernie Sanders (I-Vt.), columnist Jim Hightower and Communication Workers of America (CWA) President Larry Cohen will address the demonstration.

Public Against More Job-Killing Trade Agreements

As the fast track fight enters the Congress, polls show that politicians will take a great risk by voting for fast track or TPP legislation. For example, one recent poll shows one senator’s vote for fast track could bring a primary opponent. The Huffington Post reported in February in, “Secretive Trade Deal Could Pose Problems At Home For Ron Wyden,”

“Half of the Oregon voters polled said they would be less likely to vote for Wyden in 2016 if he joins Republicans to approve the Trans-Pacific Partnership, a massive trade deal between the United States and countries in the Asia-Pacific region, as well as fast-track authority, which Obama is seeking in order to get TPP and other trade deals through Congress without amendments or filibusters.”

Other polling shows that public sentiment against trade deals and fast track is strong. One poll in January 2014 shows the breadth of public opposition,

By more than two to one, voters say they oppose (62%) rather than favor passage of fast-track negotiating authority for the TPP deal. Among those with a strong opinion, the ratio climbs to more than three to one (43% strongly opposed, just 12% strongly favorable). Demographically, opposition is very broad, with no more than one-third of voters in any region of the country or in any age cohort favoring fast track. Sixty percent (60%) of voters with household incomes under $50,000 oppose fast track, as do 65% of those with incomes over $100,000.

… Republicans overwhelmingly oppose giving fast-track authority to the president (8% in favor, 87% opposed), as do independents (20%-66%), while a narrow majority (52%) of Democrats are in favor (35% opposed).

People believe our trade agreements destroy jobs and lower wages. In a September 2014 Pew Poll, Americans say “trade” generally is good, but only 20 percent say it creates jobs while 50 percent say it destroys jobs, and 17 percent say it raises wages while 45 percent say it lowers wages.

This can have election consequences. In an April 2014 NBC News/Wall Street Journal poll a plurality of Americans said they would support “a candidate who says that free trade with other countries will mainly be negative for America because it will cause the loss of U.S. jobs to other countries, which will hurt wages and jobs here.”

Resources

So it appears that the battle will be in the Senate this week. Here are some resources to visit.

The Stop Fast Track coalition website, stopfasttrack.org.

Expose the TPP.

Flush the TPP!

Stop TPP.

CWA’s TPP info.

10 Ways the TPP Would Hurt U.S. Working Families

Global Trade Watch.

Eyes on Trade and 50 Reasons We Cannot Afford the TPP.

Real Progressive Coalition for American Jobs. (“Every U.S. labor union and almost 600 environmental, consumer, faith, family farm, civil rights, seniors, LGBT and other civil society organizations opposed Fast Track. This is the REAL Progressive Coalition for American Jobs.”)

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This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. Sign up here for the CAF daily summary and/or for the Progress Breakfast.

Now We Know Why Huge TPP Trade Deal Is Kept Secret From The Public

A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter and it’s as bad as many of us feared.

Now we know why the corporations and the Obama administration want TPP, a huge “trade” agreement being negotiated between the United States and 11 other countries, kept secret from the public until it’s too late to stop it.

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Is SEC Refusing To Follow Law And Issue CEO Pay-Ratio Rules?

One part of the 2010 Dodd-Frank Wall Street Reform law requires the Securities and Exchange Commission (SEC) to set up rules requiring companies to disclose the median annual total compensation of all employees, the total annual compensation of the chief executive officer, and the ratio of the median employee pay to the CEO’s pay. It’s 2015 and the agency still has not done so.

In December, 16 Senators sent a letter to SEC Chair Mary Jo White asking for the SEC to vote on the final pay-ratio rule before the end of the first quarter of 2015.

From the letter:

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Over 100 Legal Scholars Warn About TPP Dangers

Over 100 law professors sent an open letter to Congress and the U.S. Trade Representative (USTR) saying they need to “protect the rule of law and the nation’s sovereignty” in trade agreements like the Trans-Pacific Partnership (TPP).

While TPP is still secret, leaks and precedent indicate that it will contain provisions allowing giant, multinational corporations to bypass our country’s legal system. These provisions will allow these multinational corporations to sue governments, including ours, in “corporate courts” if they decide to pass laws and regulations that restrain the profits of these giant corporations, such as efforts to help citizens quit smoking.

The provisions in question are called investor-state dispute settlement (ISDS) and let corporations take cases to a tribunal made up of corporate attorneys instead of civil courts. These attorneys will then decide if countries have passed laws or imposed regulations, including health, environmental, labor, consumer and other protections that cause these companies to lose profits.

The law professors’ letter asks Congress and the USTR to ensure that language is not included in proposed trade agreements like the TPP.

The letter concludes:

ISDS threatens domestic sovereignty by empowering foreign corporations to bypass domestic court systems and privately enforce terms of a trade agreement. It weakens the rule of law by removing the procedural protections of the justice system and using an unaccountable, unreviewable system of adjudication.

The scholars’ statement is available online at: http://bit.ly/1EA5zeO and the letter itself is available at http://bit.ly/1KX6WYB.

The letter was organized and released by the Alliance for Justice.

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This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. Sign up here for the CAF daily summary and/or for the Progress Breakfast.