The Trans-Pacific Partnership Will Sink the Middle Class
By Thom Hartmann
Posted January 28, 2015
Six years into his presidency, President Obama is now taking heat from a surprising place: congressional Democrats, who are lining up against his plan to force the Trans-Pacific Partnership (TPP) through Congress without any debate whatsoever.If approved, the TPP, or as I like to call it, the Southern Hemisphere Asian Free Trade Agreement — SHAFTA — would create a whole new set of rules regulating the economies of 12 countries on four different continents bordering the Pacific Ocean.
Unfortunately, because the TPP is being negotiated almost entirely in secret, we don’t know a lot about it. What we do know about it, though, comes almost entirely from leaks, and those leaks paint a pretty scary picture. More…
The TPP has been referred to as “NAFTA on Steroids”. Remember when presidential candidate Ross Perot warned about about that sucking sound of jobs disappearing if NAFTA was passed? Well, it turns out he was right. Now “our leaders” want even more powerful version of NAFTA.