10 February 2014

If You Did Not Already Think that the TPP Sucked

The gushing endorsement of the international trade deal by corrupt subprime lendor, union buster, and enthusiastic Obama supporter Commerce Sec. Penny Pritzker should remove all doubt:
The North American Free Trade Agreement (NAFTA) and other U.S. trade relationships are outdated and need an "upgrade", U.S. Commerce Secretary Penny Pritzker said on Tuesday during a trade visit to Mexico.

Attitudes toward labor and the environment as well as e-commerce and new technology have shifted trade concerns since NAFTA was signed, so the U.S. government is focusing on the Trans-Pacific Partnership (TPP), which would establish a free-trade bloc stretching from Vietnam to Chile, she said.

"NAFTA was a groundbreaking agreement 20 years ago and it has served all of the North American countries well," Pritzker said of the 1994 treaty between the U.S., Mexico and Canada. "But now it's time to be looking at how can we upgrade our trade relationships."
In the article, she is described as a, "a businesswoman and heiress to the Hyatt Hotel fortune who has been a prolific fundraiser for U.S. President Barack Obama," but that is a weak description of their relationship.

She has bankrolled his career from the very start. She was his first patron, and arguably his biggest supporter among the top tenth of the 1%.

She has also been virulently anti-labor in her business and public actions, and she and her family paid themselves big bucks as they drove Superior Bank into the ground.

Between, her, Rahm Emanuel, and Arne Duncan, and the full throated support of all of them from Barack Obama, it is no wonder that I've concluded that the President is a corporate tool.

H/t Crooks & Liars.

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