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.
And that is only a small part of the troubling details that were leaked today.
This is not the only instance where Obama wants to usurp American sovereignty. This trade agreement is on top of the Law of the Sea Treaty he is advocating, which this blog addressed a couple weeks ago.
Obama does not believe in American exceptionalism, and thinks it is wrong for us to be "King of the Hill". He has often said so. And he is doing everything in his power to take us down to the level of other nations, in his effort to push his "social justice' agenda.
We need to stop this dangerous, Marxist amateur in November.