Obama's TPP Negotiators Get Big Bonuses From Wall Street

By:  Joe Wolverton, II, J.D.
02/24/2014
       
Obama's TPP Negotiators Get Big Bonuses From Wall Street

President Obama's Trans-Pacific Partnership negotiators are set to receive big money bonuses from banks.

While there are plenty of reasons for constitutionalists to oppose the Trans-Pacific Partnership (TPP), erstwhile Obama supporters on the Left are finding reasons of their own to abandon the president in his quest to impose the “trade deal.”

First, there are the environmental concessions being made by the U.S. Trade Representative (USTR) in order to keep other partners in the pact. As reported by The New American, in a press release issued on January 15, WikiLeaks announced that they had obtained the "complete environment chapter" of the secret sovereignty-surrender documents masquerading as a multinational trade agreement.

Much of the opposition on the Left focuses on the lack of environmental protections presumed to be included in the TPP. Seems their fears are well-founded, but not for the reasons many of them may have believed.

Analysis by The New American of the pages claimed by WikiLeaks to be the full draft text of the environment chapter uncovered an "inconvenient truth" about the relationship of the TPP to the environment. 

For example, the clauses covering pollution control represent — from the leftists' point of view — a significant retreat on the issue by the trade representatives of the United States. Logging restrictions sought by the Left? America is apparently backsliding on that, too. 

No wonder the Sierra Club and the World Wildlife Fund have teamed up to expose the Obama administration's environmental hypocrisy and to keep this 11-nation trade deal from becoming "the law.” In a copy of a press release sent to The New American, leaders of both organizations mentioned various betrayals to their cause by the president and laid out a pointed indictment of the agreement.

“This peek behind the curtain reveals the absence of an ambitious 21st-century trade agreement promised by negotiating countries,” said Carter Roberts, president and CEO of World Wildlife Fund (WWF). “The lack of fully-enforceable environmental safeguards means negotiators are allowing a unique opportunity to protect wildlife and support legal sustainable trade of renewable resources to slip through their fingers. these nations account for more than a quarter of global trade in fish and wood products and they have a responsibility to address trade’s impact on wildlife crime, illegal logging, and overfishing.” 

“If the environment chapter is finalized as written in this leaked document, President Obama’s environmental trade record would be worse than George W. Bush’s,” said Michael Brune, executive director of the Sierra Club. “This draft chapter falls flat on every single one of our issues — oceans, fish, wildlife, and forest protections — and in fact, rolls back on the progress made in past free trade pacts.”

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