Trans-Pacific Partnership, or TPP.“Fast track” authority for the Trans-Pacific Partnership, a sweeping free-trade agreement the Obama administration is ready to push through Congress.
The TPP is the first part of a two-ocean globalist plan the Obama administration is working quietly to put into place. The aim is to follow up the passage of the TPP with the finalization of the Transatlantic Trade and Investment Partnership between the United States and the European Union.
As Obama announced in his 2013 State of the Union Address the plan to add the trans-Pacific free-trade agreement to the trans-Atlantic agreement already in place.
Republicans in the House are preparing to follow the lead of the White House and Senate Majority Leader Harry Reid to rubber-stamp the TPP, the most sweeping free-trade agreement since NAFTA.
Critics charge the Obama administration negotiated it in secret and is now trying to rush it through Congress before the American public finds out how the trade measure compromises U.S. sovereignty.
With Boehner’s decision to support Obama on TPP, the Republican Party appears ready to ignore concerns raised by GOP conservatives and various tea-party groups that the 12-nation deal further undermines U.S. sovereignty.
The opponents argue it places major sectors of the U.S. economy under a new dispute-regulation mechanism that takes precedence over U.S. judges and courts.
“Fast-track” authority would allow the Obama administration to ram the TPP through Congress with a simple majority vote. The rules would limit debate so that no amendments could be introduced to modify the language of the agreement the Obama administration has negotiated behind closed doors.
12 nations involved in the TPP are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States.
U.S. participation in NAFTA and in the World Trade Organization, have resulted in the loss of millions of high-salary U.S. jobs to nations with less expensive job markets.
Will this TPP agreement blindside the U.S. economy to further drive the American People into poverty, to sweep away the 'Middle Class'?