TTP, TTIP, TISA: Stop Obama’s Insane “Legacy” Trade Deals

By Eric Zeuse

President Obama has many times made clear to congressional Democrats that the most important thing in the “legacy” that he hopes to leave behind from his Presidency is his big-three ‘trade’ deals: TPP with Asia, TTIP with Europe, and TISA for international services including banking and insurance. 

It is, indeed, the most ambitious international economic agenda that has ever been pushed by any U.S. President. (It’s not about “trade”; it’s about transferring democratic national sovereignty to dictatorial corporate international sovereignty.) And the leading Democrat in the U.S. Senate, Harry Reid, has called it “insane,” because Bill Clinton’s much smaller but otherwise similar NAFTA (North American Free Trade Agreement) sent so many jobs abroad, and so hollowed-out the American economy, that it significantly caused the soaring economic inequality during the Bush-Obama years.

The first thing that Reid did to kill those ‘trade’ deals — while he was still the Senate’s Majority Leader in 2014 and was thus able to prevent the enabling act, called “Fast Track,” to pass in the U.S. Senate — was to block that “Fast Track Trade Promotion Authority,” which he possessed then the power to block, as the Senate’s Majority Leader, because there were more Democrats than Republicans in the Senate, and so Democrats chose the Senate’s leader. I headlined at the time (which was on 30 January 2014), “Harry Reid Effectively Kills Obama’s TPP and TTIP International Trade Deals.”

After Reid did that, Obama’s only hope to pass those ‘trade’ deals through Congress would be for Reid to lose his position as the Majority Leader in the Senate — in other words, for voters to elect more Republicans than Democrats to the Senate in the 2014 elections — and this is exactly what happened: Obama in 2014 received the Republican victory that he needed in the Senate, in order for his legacy to be able to become what he hoped it would be: these ‘trade’ deals (which would cause America’s soaring wealth-inequality to soar even more). (He probably heaved a private sigh of relief at ‘his’ Party’s losses in November 2014.) Republican Senator Mitch McConnell thus replaced Reid in that position. McConnell, of course, passionately supports Obama’s ‘trade’ deals; and, so, after the November 2014 mid-term elections, it seemed that Barack Obama would, despite Reid’s opposition, finally be racing toward his Presidency’s finish-line with the high likelihood of winning his “legacy,” which would make Bill Clinton’s legacy seem tiny by comparison — and Bill and Hillary Clinton made $25 million in just speakers’ fees for merely the year 2014; so, Obama’s equivalent at a similar time in his retirement might be perhaps a hundred million dollars yearly, just in speaking fees alone, for what would then become his historically unprecedented achievement in serving the perhaps one hundred Americans who control half of the world’s largest international corporations and who would be perhaps hundreds of billions of dollars richer because of Obama’s then-successful efforts on their behalf. Those people are grateful to their biggest servants, and so it’s not at all difficult to understand the reason why Obama was seeking to have this type of legacy, as his own. He aspired to become the super-Clinton.

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