Why on Earth Are Hillary and Obama Supporting Pro-Corporate Trade Deals?

November 13, 2007

With the announcement that Hillary Clinton will join Barack Obama in supporting a new trade deal with Peru that passed in the House last week -- the first in a series of "free-trade" deals that are based on the deeply unpopular NAFTA model and being pushed through Congress by the Bush administration -- the divide between the two Democratic front-runners and the American electorate couldn't be clearer.

There's certainly no constituency for it within the universe of Democratic primary voters -- all of the Peruvian and most American unions oppose it, as do key environmental and anti-poverty organizations -- and it certainly won't win any "swing" voters to the party or make the Democratic brand more popular in any battleground states.

I asked Todd Tucker, research director of Public Citizen's Global Trade Watch, who really stands to benefit from the deal. He didn't hesitate before rattling off a dozen multinationals including Citigroup, Occidental Petroleum and Wal-Mart, all of whom, according to Tucker, have "put their full might into getting the Peru deal passed, including showering millions in congressional campaign donations since January alone." Tucker told me their wish list includes "privatized social security systems for Citi, rainforest-destroying oil extraction for Occidental, and a push to Wal-Mart's efforts to buy out Peru's retail sector, just as they did in Central America just days after Bush signed ." In addition, General Mills, (and the Grocery Manufacturers Association PAC, which supports it) wants the deal to go through because it grows most of its canned veggies in Peru (decimating onion, asparagus and pea farmers in the United States) and is now moving its processing facilities down there. Citibank, along with other financial services firms, wants the deal because it would allow the firm to sue the Peruvian government for damages if progressive activists succeed in reversing a disastrous social security privatization scheme that's screwed over millions of Peruvian retirees.

The rest of the field has come out in opposition to the Peru agreement, and one candidate, Dennis Kucinich, has gone so far as to call for abolishing the WTO. But like Obama and Clinton, Joe Biden, Christopher Dodd and Bill Richardson are all enthusiastic, self-described "free traders." It's John Edwards, considered a distant third in the race by the punditocracy, who is making the Peru deal into an issue that he hopes will speak to the candidates' overall judgment as well as their concern for issues of economic justice. "Like the failed free trade agreements before it," he said in a statement, "the Peru Agreement puts the interests of the big multinational corporations first, ahead of the interests of American workers and communities."

http://www.alternet.org/workplace/67680/

It's looking like no matter which party is in the White House the basic policies and patterns of destruction of the American working class and the domestic societies of otehr nations for the benefit of multi-national corporations will continue unabated.

Obama is very disappointing on this score.

The free trade issue is a BIG problem that needs to be fixed immediately, and Edwards seems to be the only one to recognize it of the top 3 candidates, and frankly it sickens me that our other candidates are on the wrong side of this.

It's not just about trade. It's about whether our system is oriented towards enriching the elites or advancing the interests of the majority.

and promoted the Iraq War for two years on the White House website?

The K-L Amendment is exactly where it should be, stripped of any language that can be interpreted as a blank check for going to War.

How can you support Edwards' despicable Voting Record?

* Edwards supported a bankruptcy bill that was vetoed by President Clinton. In 2000 John Edwards voted for the Bankruptcy Overhaul bill. While this bill included a slight increase of the minimum wage, its major design was to revise bankruptcy laws to make it easier for courts to force debtors to repay their debts, while before the law had allowed debtors to discharge their debt. 12 Democrats and 2 Republicans rejected this bill, including Chris Dodd, Ted Kennedy, Paul Wellstone, and Tom Harkin. President Clinton eventually vetoed this bill because it was too hard on debtors.

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* Edwards voted for the same bill in 2001, again choosing financial interests over working families. In 2001 Edwards voted for a similar Bankruptcy Overhaul bill that again required Americans facing bankruptcy to undergo debt repayments instead of debt relief. Specifically, the bill required debtors able to pay $10,000 or 25% of their debts over five years to file under Chapter 13, which requires a reorganization of debts under a repayment plan, instead of seeking to discharge their debts under Chapter 7. Edwards voted with nearly the entire Republican caucus in supporting this bill, as well as voting to end debate on the measure. Chris Dodd voted to reject this bill, joining Senators Durbin, Feingold, Harkin, Kennedy, Kerry, and Wellstone. In all, the bill was rejected by 13 Democrats and 2 Republicans.

* Edwards would not allow relief for people who were forced into bankruptcy from medical bills. Edwards also sided with the entire GOP caucus to vote against the Wellstone amendment to the 2001 bill. This amendment would have provided an exemption for debtors who were forced to file for bankruptcy due to medical expenses, under the rationale that health expenses are often unpreventable and can be an especially debilitating cost to low and middle income families. Chris Dodd was one of the 34 Democrats who voted for this amendment?a group that included Senators Clinton, Durbin, Feingold, Harkin, Kennedy, Kerry and Wellstone.

* Edwards rejected a means test amendment that would have protected debtors from sudden financial misfortune. On the same bill, Edwards again voted with the entire GOP caucus to reject an amendment that would have included a more consumer friendly means test than that included in the original bill. The amended means test would have used the average of a debtor's last two months of income to determine their ability to pay a certain threshold amount of debt, instead of the last six months of income. The amended means test was designed to protect debtors who face financial difficulties from sudden job loss or disability. Paul Wellstone, who authored the amendment, said the original test "will make it impossible for families to rebuild their lives." 22 Democrats supported this amendment, including Chris Dodd. Dodd was accompanied by Senators Clinton, Durbin, Feingold, and Kennedy.

* Edwards supported the final version of the Bankruptcy bill that "punishes the vulnerable." Months later, Edwards again voted for the similar version of the Bankruptcy bill that emerged from negotiations with the House of Representatives. He also voted to limit debate twice on the bill, stifling further amendments or arguments. This version was not substantively different from the earlier versions, as it still made it significantly harder for working Americans to discharge their debts through the bankruptcy system. Chris Dodd rejected this bill, along with Senators Durbin, Feingold, Harkin, Kennedy, Kerry and Wellstone. 14 Democrats and 2 Republicans voted against the final measure.

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The bill "punishes the vulnerable and it rewards the big banks and credit card companies for their poor practices," said Sen. Paul Wellstone, D-Minn., a leading opponent of the legislation. "We are heading into hard economic times and we're going to make it hard for people to rebuild their lives."

Edwards has been part and parcel of the GOP agenda all the way. Edwards voting record is one of the worst of our Dem Senators. Edwards is helping create poverty in the middle class with his bankruptcy vote and earning millions for himself when working for the Hedge Fund sector. The same Hedge Fund sector that was buying sub-prime mortgages for their investment portfolios.. The same "POVERTY" he now professes to help as the centerpiece of his presidential campaign. It must be hard for Edward's supporters to understand the meaning of the words "poverty" and "hypocrisy", when their candidate, John Edwards exemplifies it so well. Why shouldn't he, he voted for it!

He just takes a rhetorical swipe at corporations every now and again.

past time that people recognize that it is an amazing feat for Edwards to remain in 3rd during this most historic primary fight.

The dynamic of this race is undisputed, and is historic. . Edwards has been outspent by 300% ..... and HE HAS NOT BEEN KNOCKED OFF!

WHY?

If Clinton and Obama are so solid and offer such strong and compelling resumes and platforms....why is Edwards still around?

how will they be different? I hear about it, but their votes are usually there with McCain, Lieberman and the gang.

May I borrow it? for the future?

I stole it from the St Louis Dispatch. :)
The attribution is in the lower right corner.

NOT support this. Blatant lie!!!

And I am 99% sure Dodd is against this as well.

I hate it when people lie in their blogs.