Trans Pacific Partnership: Top Lobbyist Says TPP Will Probably Become Law Soon After November 8th

‘Rufus Yerxa, the top lobbyist for the National Foreign Trade Council, told World Trade Online, on July 12th, that he believes “there is enough time and congressional support to get TPP passed during a lame-duck” session of Congress, meaning the session between November 9th and January 3rd, which would be in time for U.S. President Barack Obama to sign it into U.S. law before leaving office. (It would be done basically the way Bill Clinton deregulated Wall Street and ended AFDC — just as he exits the White House, and with overwhelming Republican support in Congress.)
This means that any increase in the laws and/or regulations regarding product-safety, workers’ rights, consumers’ rights, and/or the environment, will spark a slew of lawsuits by the owners of international corporations, against the U.S. government, the taxpayers, to reimburse to these stockholders what they estimate will be their resulting loss of profits on their investments.
These are typically multi-billion-dollar suits, and if TPP passes, the number of them will explode into the stratosphere, like a nuclear weapon against national governments — a weapon that’s owned and operated by mega-corporations (not by any government).’
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