President Barack Obama, in Lough Erne, Northern Ireland, for the G8 Summit, joined European leaders in pushing the proposed Transatlantic Trade and Investment Partnership (TTIP), a vast scheme for intertwining the economies and political structures of Europe and the United States. (See our detailed exposé of the TTIP, "Secretly Trading Away Our Independence.")
British Prime Minister David Cameron opened the press conference with promises that the new “trade partnership” would “fire up our economies and drive growth and prosperity around the world,” a common claim that has accompanied virtually every so-called trade agreement; but the reality has never matched the hype. Likewise for the assertion that it would produce millions of new jobs.
Prime Minister Cameron (video available at link below) proclaimed:
Welcome to Lough Erne. I always said that the whole point of this meeting in Lough Erne is to fire up our economies and drive growth and prosperity around the world — to do things that make a real difference to people’s lives. And there is no more powerful way to achieve that than by boosting trade.
And there’s no better way than by launching these negotiations on a landmark deal between the European Union and the United States of America — a deal that could add as much as a £100 billion to the EU economy, £80 billion to the U.S. economy, and as much as £85 billion to the rest of the world.
And we should be clear about what these numbers could really mean: two million extra jobs, more choice and lower prices in our shops. We’re talking about what could be the biggest bilateral trade deal in history; a deal that will have a greater impact than all the other trade deals on the table put together.
“We intend to move forward fast.” — Barroso
European Commission President José Manuel Barroso followed in a similar vein, announcing, “We intend to move forward fast”:
Click here to read the entire article and view video.
Photo of Van Rompuy, Obama, Barroso, and Cameron at G8: AP Images