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Harry Reid Effectively Kills Obama's TPP and TTIP International Trade Deals

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From http://commons.wikimedia.org/wiki/File:Harry_Reid_official_portrait.jpg: Harry Reid official portrait
Harry Reid official portrait
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One of President Barack Obama's top priorities ever since he entered the White House has been to achieve two international trade deals, one with Europe, and the other with Asia, that will enable international corporations to override the laws in participating nations and thus to provide ultimate corporate control over regulations concerning pesticide-use, food-safety, global-warming abatement, collective bargaining, and other such matters.

On Wednesday 29 January 2014, the leader of congressional Democrats, Harry Reid -- the U.S. Senate Majority Leader -- came out publicly saying, "I'm against fast track." This means that unlike the international-trade treaties that were rammed through Congress under George W. Bush, Obama's trade deals won't be -- and that they are thus now practically dead. 

Fast track trade promotion authority (TPA) enables an international-trade deal to be presented to Congress for an up-or-down vote without any amendments and without any possibility of being filibustered. TPA was first introduced in 2002; and, in order for it to be able to be imposed under the law, the Majority Leaders in both the House and the Senate must introduce the implementing bill to their respective bodies. This means that, if Harry Reid in the Senate declines to introduce TPA to the Senate, then Obama's extremely controversial TPP (Trans Pacific Partnership Agreement) and TTIP (Transatlantic Trade and Investment Partnership) are both virtually dead.

Harry Reid, in announcing his decision, said, "I think everyone would be well advised just to not push this right now," which, translated, means: Unless and until President Obama rewrites major provisions of each of these two deals, both of them are, indeed, dead.

The question, now, therefore, is: How likely will Obama do that? The deals haven't yet even been finalized, and the leaders of some democratic nations are demanding that Obama's provisions for international corporations to be empowered to override democratically passed legislation in their countries be removed before they would sign it. So, Obama's plan for international corporate control of regulations within the participating countries is now being opposed both by his own Party at home, and by the leaders of some democratic countries whose signatures would also be needed if the deals were to become law.

In other words: It's back to the drawing boards for President Obama, on one of his top priorities as the U.S. President. And, given how late this is happening in his very unpopular Presidency, that means there almost certainly won't be any TPP or TTIP, at least not while he is leading this country. If it will be done at all, it will happen under the next President.

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Investigative historian Eric Zuesse is the author, most recently, of  They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010 and of   CHRIST'S VENTRILOQUISTS: The Event that Created Christianity .

 

Investigative historian Eric Zuesse is the author, most recently, of  They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010,  and of  CHRIST'S VENTRILOQUISTS: The Event that (more...)
 

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Huge! Praise be to Harry and may he encourage othe... by Daniel Geery on Thursday, Jan 30, 2014 at 9:19:55 AM
This comes across as a late Winter Solstice presen... by mhenriday on Thursday, Jan 30, 2014 at 9:20:05 AM
Reid's move is an April Fools joke!  It is d... by Mark Adams JD/MBA on Thursday, Jan 30, 2014 at 12:58:41 PM
Before someone blames the confusion over whether t... by Mark Adams JD/MBA on Friday, Jan 31, 2014 at 1:18:40 AM
Thank you for the history lesson Mr Adams ! You m... by mhenriday on Friday, Jan 31, 2014 at 5:11:34 AM
I'm aware of that as well as the cute Orwellian t... by Mark Adams JD/MBA on Friday, Jan 31, 2014 at 5:32:02 PM
Also, there are limits to the treaty power althou... by Mark Adams JD/MBA on Friday, Jan 31, 2014 at 5:35:21 PM
Going back to Reagan, these sorts of deals have go... by John Sanchez Jr. on Friday, Jan 31, 2014 at 7:50:24 AM
Technically, it was Prezinut Ford and a DINO Congr... by Mark Adams JD/MBA on Friday, Jan 31, 2014 at 5:54:45 PM
We've been encouraging each other to examine the v... by Bryna Hellmann on Thursday, Jan 30, 2014 at 9:49:29 AM
He truly isn't, and I suspect the comment after mi... by Daniel Geery on Thursday, Jan 30, 2014 at 6:04:52 PM
President Obama in the SOTU address referred to wa... by Danny Greene on Thursday, Jan 30, 2014 at 9:50:17 AM
Does this mean Reid has finally done something use... by Maxwell on Thursday, Jan 30, 2014 at 9:56:53 AM
TPP has been postponed not "killed". Yes the noti... by Art Costa on Thursday, Jan 30, 2014 at 10:01:13 AM
I knew I like Harry for a reason: because he has r... by Patt Reid on Thursday, Jan 30, 2014 at 10:18:47 AM
For those of us fighting the fast-tracking of the ... by sharsand on Thursday, Jan 30, 2014 at 10:18:48 AM
You make perfect sense!  Better safe than sor... by Deena Stryker on Thursday, Jan 30, 2014 at 4:00:28 PM
We can't rest! Congress has a way of making deals ... by Hugh Madden on Thursday, Jan 30, 2014 at 12:07:19 PM
Why Aren't We Having a Middle Class Revol... by greg timmons on Thursday, Jan 30, 2014 at 12:33:13 PM
The corporations would have never left our countr... by greg timmons on Thursday, Jan 30, 2014 at 12:40:09 PM
"We the People" are being told that it is taking ... by greg timmons on Thursday, Jan 30, 2014 at 12:41:32 PM
If we all knew how and why we are being scammed w... by greg timmons on Thursday, Jan 30, 2014 at 12:42:29 PM
I remember Clinton and NAFTA. It was sooo right, ... by Bob Davey on Tuesday, Feb 11, 2014 at 11:20:30 PM
We are in the beginning of a middle class revolt.&... by Robert James on Thursday, Jan 30, 2014 at 5:35:20 PM
You have three reasons to choose from:1.) Cowardi... by Mr. Book on Saturday, Feb 1, 2014 at 1:42:03 PM
Let's hope it never happens at all.  I'd like... by patriotgal on Thursday, Jan 30, 2014 at 12:46:03 PM
I don't give two copper pennies worth for Harry Re... by E. T. SIMON on Thursday, Jan 30, 2014 at 1:12:47 PM
Just because he is bringing attention to the TPP ... by greg timmons on Thursday, Jan 30, 2014 at 1:30:31 PM
I'm proud of you, Harry. That' real 'American'. ... by madranger on Thursday, Jan 30, 2014 at 1:43:03 PM
Harry, you are my new hero. the 99% thanks yopu fo... by Hosea McAdoo on Thursday, Jan 30, 2014 at 2:01:28 PM
Thank God, and thank you so much Harry Reid ... by Catherine McCoy on Thursday, Jan 30, 2014 at 2:15:35 PM
Eric: Does this delay tell you anything about the... by Robert S. Becker on Thursday, Jan 30, 2014 at 3:31:31 PM
Indeed the Keystone XL pipeline is already under c... by John Sanchez Jr. on Friday, Jan 31, 2014 at 7:56:51 AM
Halleluja, halleluja, halle-e-e-lu-jah. And opposi... by Daniel Vasey on Thursday, Jan 30, 2014 at 3:38:05 PM
I hope this is true! ... by Deena Stryker on Thursday, Jan 30, 2014 at 3:58:40 PM
Let us not let down our guard for even a second! T... by intotheabyss on Thursday, Jan 30, 2014 at 4:05:46 PM
Another boot to the 'nads for the New World Order.... by Robert James on Thursday, Jan 30, 2014 at 5:29:14 PM
Perhaps, but as you can see, the NWO has some huge... by John Sanchez Jr. on Friday, Jan 31, 2014 at 7:59:10 AM
All assumes a functioning Democracy,Reid is holdin... by David Glenn Cox on Friday, Jan 31, 2014 at 12:14:36 PM
A couple of things: First: Fast-track authority... by PCM on Friday, Jan 31, 2014 at 2:19:04 PM
Harry Reid would have to support Trade Promotion ... by Eric Zuesse on Friday, Jan 31, 2014 at 3:32:16 PM
... by Ellen Brown on Friday, Jan 31, 2014 at 7:00:05 PM
Thank You Harry!I always knew there was a touch o... by jtenn on Saturday, Feb 1, 2014 at 12:07:15 PM
This is a huge story that is getting little play. ... by Mari Eliza on Sunday, Feb 2, 2014 at 1:43:23 PM
"This is a huge story that is getting very little... by Eric Zuesse on Sunday, Feb 2, 2014 at 2:38:42 PM
The fight against the TPP has never been in the Se... by Lauren Steiner on Wednesday, Feb 5, 2014 at 8:23:07 PM
It can't "pass over Harry Reid's objections," for ... by Eric Zuesse on Tuesday, Feb 11, 2014 at 3:25:44 PM