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President Barack Obama's signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress.
Senators voted 62-38 to give Obama a major victory and set up a speedy decision on the "fast-track" trade negotiating authority the president needs to complete the Trans-Pacific Partnership (TPP) trade deal. TPP is seen as central to U.S. efforts to counter China's increasing economic muscle.
originally posted by: bobs_uruncle
a reply to: xuenchen
The TPP must not pass. From what I have heard from my sources, is it will be the end of the slide downhill and entrance to the actual abyss. The objects of the TPP are uniform law between countries and colonies, such that corporations can do whatever they want to equalize the playing field. Corporations could bankrupt countries and turn them into much more pliable third world nations overnight. Like everything, it won't happen all at once, it will be nickeled and dimed into place over a year or two, but once the test cases are finished, you might as well stick a fork in the planet, 'cause it's done.
originally posted by: aboutface
a reply to: rickymouse
Damn, damn, double damn. This is an evil trade agreement, giving superior power of corporations over governments. Kiss goodbye to natural resources, justice, environmental protections. It is an endgame thing where if we don't see it, it will be too late to do anything about it anyway.