FastTrack and trade policy explained in detail by Lori Wallach, the leader of Public Citizen’s Global Trade Watch, on CSPAN Washington Journal.
Wallach's honest-broker coverage is a compelling argument for the House to reject FastTrack for TPP. Also, it's telling she isn't advising the Obama admin on trade policy.
In April the NYT ran an interesting piece highlighting Wallach and how she and TPP negotiator, Michael Froman are two very different people, different principles, different operating styles, but continuously crossing paths over the years. Trans-Pacific Partnership Puts Harvard Law School Rivals on Opposite Sides, Again.
One example of risk built into the TPP is who will pay to compensate companies as our environmental, labor, and market rules are improved over time? Americans are demanding consumers. Many Americans, like Europeans, already refuse to purchase food or medicines of unknown origin and unknown contents, raised on unexamined imported feeds and fertilizers, produced by child slaves in nondemocratic countries. Americans buying habits will conflict with trade policy jammed down our throats through TPP via 1-room foreign offices in "investor states" for companies like Monsanto, Koch, Tyson, and BigPharma, and ultimately there will be ISDS cases where those companies and their host-subsidiary "countries" sue the US for losses - "Bail Outs" like those of the Banks in 2008 are rigged into TPP.
We should demand Americans have immunity to Bailouts and payouts within the TPP. Some kind of insulation for citizens, only corporate funds should be used for any payouts. Protect the household budgets of Americans too.
This is not about trade, it's free trade, it's about providing lucrative leverage for the few during the global race to the bottom.