Caslon19000 saidObama Trade Document Leaked, Revealing New Corporate Powers And Broken Campaign Promises
"Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.
The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign."
WTH is this all about?
I don't think the environment is at issue. The real goal is what I bolded. Obama and much of the far left consider themselves as global citizens and are interested in increasing the power of international bodies and reducing sovereign rights of states. To them, "One World" is more than a slogan and why he really does not buy into American exceptionalism.
The major eye opener is the current debate on the Law of the Sea Treaty being proposed to turn over much of the earth to the UN.http://townhall.com/columnists/julieborowski/2012/05/31/the_uns_law_of_the_sea_treaty_threatens_our_national_sovereignty/page/full/
The latest threat to U.S. sovereignty is the United Nations’ Law of the Sea Treaty (LOST) that is being pushed by the Obama administration. LOST rises from the dead every few years. For more than thirty years, the United States has refused to become a party to LOST for good reasons. But this could be the year that the United States surrenders its sovereignty over the seas to an international body if Obama gets his way.Under this treaty, the U.N. would have control over 71 percent of the Earth’s surface. This would be a huge step towards global governance.
The Senate may vote to ratify the sea treaty as early as next week. President Ronald Reagan rejected LOST back in 1982, stating it would grant the U.N. the power to tax U.S. companies and redistribute wealth from developed to undeveloped nations.For the first time in history, the U.N. would have the authority to collect taxes from U.S. citizens. The thought of global taxation should send goose bumps down the spine of every American.
Any form of global taxation would be a direct violation of the U.S. Constitution. American citizens are already overtaxed and overregulated. The last thing we need is an unelected, unconstitutional international body imposing even more harmful taxes and regulations on us. LOST could end up costing trillions of dollars and the American people would have no say on how the money is spent.
If the U.S. ratifies LOST, U.S. energy companies would be forced to pay a part of their royalties to the International Seabed Authority in Kingston, Jamaica. This supra-national governing body would be tasked with the mission of distributing revenue to “developing states” such as Somalia, Zimbabwe, and Burma. Like all forms of foreign “aid”, it’s likely that a big chunk of this money will end up in the hands of corrupt dictators thus propping up authoritarian regimes.
The U.N. would be granted the power to regulate deep-sea exploration in U.S. waters. LOST would do irreparable harm to U.S. companies by forcing them to comply with global environmental rules. The treaty would create a new international tribunal known as the International Tribunal of LOST (ITLOS) to adjudicate a number of different issues.More on site ...Just to add, this is another of the huge differences between Obama and Romney HUGE