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posted: 11/4/2013 5:40 AM

Deal would give huge latitude

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Deal would give huge latitude

The Trans Pacific Partnership is a "free trade" agreement that would set rules on nontrade matters such as food safety, Internet freedom, media and financial regulations, and the government.

It is a binding international governance system that would require the United States and any other country that signs on to conform their domestic policies to their rules.

A trade negotiation has included over 600 official corporate "trade advisers" while holding the text from members of Congress, governors, state legislators, the press, civil society, and the public.

This deal includes extreme foreign investor protections that help corporations with offshore jobs. Since NAFTA and WTO, the U.S. has lost 5 million, one out of four, of its manufacturing jobs. Corporations can attack domestic environmental and health laws, sue governments, and demand unlimited tax dollars if they think our laws limit their "expected future profits." Corporations operating in any TPP signatory country would get equal access to U.S. procurement contracts, rather than us recycling our tax dollars here to create American jobs. Wall Street wants to use the TPP to roll back new safeguards that countries have passed to get banks and securities firms under control and restore financial stability.

If this secret deal gets "fast tracked" -- no debate, no vote -- through Congress and President Obama signs this agreement we will all suffer, regardless of what side of the aisle you stand. Lets hypothetically say that you live in small town USA and the governing body of your town votes down to have fracking move in, a TPP corporation could sue your small town for their perceived lost profits and that would be financial disaster. No village, small town, big city could survive that financial tsunami. To learn more about this mega global corporate takeover go to

Garrick Balk

South Elgin

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