Yes, the TPP is a bad as Public Citizen Citizen Trade Watch campaign says -
this can't be stressed enough. It also includes more countries than NAFTA
and CAFTA. Additionally, whereas in 1992 corporations as persons got
rights under the 5th Amendment that regulatory laws are "takings," in the
TPP investor rights are extended further than in NAFTA or CAFTA at the same
time, of course, including the "takings" provision that allows
multinational corporations to lodge an investor rights claim against a
nation state for a local, state or national law that in their view is a
"takings." Interestingly, the Australian government has said that they
will not sign a trade agreement, and that includes the TPP, that includes
such a comprehensive "takings" or investor rights section.
And it is 600 corporate lobbyists and the United States Trade
Representatives office that in secret that are negotiating the TPP no
members of civil society.
My understanding is that Obama will not try to pass this before the
election, though he could try to push in through on Fast Track and say it
is going to create jobs; but, then, the unions don't want this and he needs
the unions for the election. We'll have to see.
Hope this helps, Nancy Price, member MTA National Leadership Team