Is Obama Negotiating A Treaty That Would Essentially Ban All “Buy American” Laws?

Sunday, May 6, 2012
By Paul Martin

TheEconomicCollapseBlog.com

69 members of the U.S. House of Representatives have sent Barack Obama a letter expressing their concern that a new international treaty currently being negotiated would essentially ban all “Buy American” laws. This new treaty is known as the Trans-Pacific Partnership, and it is going to be one of the biggest “free trade” agreements in history. Critics are referring to it as the “NAFTA of the Pacific”, and it would likely cost the U.S. economy even more jobs than NAFTA did. At the moment, the Trans-Pacific Partnership includes Brunei, Chile, New Zealand and Singapore. Barack Obama is pushing hard to get the United States into the TPP, and Australia, Peru, Malaysia, Vietnam, Canada, Japan and South Korea are also reportedly interested in joining. But quite a few members of Congress have heard that “Buy American” laws will essentially be banned under this agreement, and this has many of them very concerned. You can read the entire letter that was sent to Obama right here. Unfortunately, the leaders of both major political parties are overwhelmingly in favor of the Trans-Pacific Partnership, so the objections of these 69 members of Congress are likely to fall on deaf ears. The Trans-Pacific Partnership will accelerate the flow of American jobs out of this country, and meanwhile our politicians will continue to insist that they are doing everything that they can to “create jobs”.

There is not much protecting American jobs these days. The “Buy American” laws are one of the last remaining barriers that helps protect against much, much cheaper foreign labor, but now “Buy American” laws are in danger of being banned permanently as a recent article in the Huffington Post explained….

Since the 1930s, the American government has offered preferential treatment to American producers in the awarding of federal contracts. If a domestic producer offers the government a more expensive bid than a foreign producer, it can still be awarded the contract under certain circumstances, but more recent free trade agreements have granted other nations the same negotiating status as domestic firms. The Obama administration is currently pushing to grant the several nations involved in the Trans-Pacific deal the same privileged status, according to the Thursday letter.

The Rest…HERE

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