“President Barack Obama is ready to buck his liberal base in order to advance the Trans-Pacific Partnership (TPP), the pro-corporate international trade deal currently being negotiated in secret by the United States and 11 other Pacific Rim countries……..”
It is the corporations, stupid.
There was a time when it was true that what was good for corporate America was good for mainstreet America. Not so much anymore. Now what is good for corporate America is mainly good for the large shareholders and for the club of CEOs of America in this age of bonus-hunting by management. The real shareholders matter, not the average Jane with an IRA, as they try to tell us on the financial networks.
If you want to know what American corporations probably prefer the ideal state of American labor to be, look at China, India, and some Latin American countries. Well, a mild exaggeration to make the point perhaps, but not by much. A huge lower lower middle class enshrined in a permanent American class society the like of which has not been seen in more than a century.
Mr. Obama is in many ways like ALL other American presidents since Ronald Reagan. He is a corporation president, even though the U.S. Chamber of Commerce strongly campaigned for his Republican rivals (that was just a matter of comparative preference). His party aspires that he will be followed into the White House by the two most corporatist Democrats available in decades: Hillary and Bill Clinton.
Given the country’s well-financed shift to the right, those two might be the only Democrats who have a chance to keep the White House for their party two years from now.
Mohammed Haider Ghuloum