"The President travels to Capitol Hill this morning to twist the arms of House Democrats who will be voting on whether to fast-track the Trans Pacific Partnership. Most are still opposed, for three simple reasons:
2. We know that the Investment Dispute Mechanism within the deal gives any global corporation the right to be reimbursed (in a special tribunal outside the laws of any nation) for any health, safety, environmental, labor, or financial regulation that reduces corporate profits – thereby providing a back door to repealing these regulations, and making it harder to raise any such standards.
3. At a time when inequality is at near record levels, and Republicans haven’t even been willing to raise the minimum wage (it’s now 25% below what it was in 1968, adjusted for inflation), a massive deal like this will make the rich richer and put a further squeeze on the middle class.
Why is Obama pushing this? He never traveled to Capitol Hill to twist legislators’ arms over hiking the federal minimum wage."