Obama cozy with corporations

Replies to This Discussion

Permalink Reply by Steph S. on June 13, 2012 at 4:49pm

News like this doesn't surprise me really. Says a lot about politics nowadays.

Permalink Reply by Joan Denoo on June 18, 2012 at 11:04pm

"Speaking to the environmental concerns raised by the leaked document, Margrete Strand Rangnes, Labor and Trade Director for the Sierra Club, an environmental group said,

"Our worst fears about the investment chapter have been confirmed by this leaked text ... This investment chapter would severely undermine attempts to strengthen environmental law and policy."

"Basic public health and land-use rules would be subject to challenge before an international tribunal, as would bank regulations at capital levels that might be used to stymie bank runs or financial crises. The IMF has advocated the use of such capital controls, which would be prohibited under the current version of the leaked trade pact. Although several countries have proposed exceptions that would allow them to regulate speculative financial bets, the U.S. has resisted those proposals, according to Public Citizen."