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Neoliberalism’s newest foe: Orrin Hatch?

March 10, 2011

The Hill is reporting that Sen. Orrin Hatch (R-Utah) is threatening to package together the South Korea, Colombia and Panama FTAs into a single giant toxic loogie of awful. As the ranking member of the Senate Finance committee, which has jurisdiction over trade issues, Hatch is not in a powerless position, so this might actually matter.

While Hatch is doing this ostensibly to force the passage of all three FTAs, this action might also give opponents of the deals their best possible chance to stop their passage:

While the AFL-CIO and other big unions oppose all three deals, the South Korean deal has won support from the United Autoworkers. And while other unions oppose the Korea and Panama pacts, they would see movement on Colombia by the administration as almost an act of war. For years, unions have drawn a line in the sand over Colombia, which they say has not done enough to stop violence against union organizers.

The article concludes, “Trade was supposed to be a winning issue this year for Obama and the GOP. Wednesday’s move shows it will be a victory that is hard to achieve.” So, “Obama and the GOP” don’t win; who else loses? Let’s see… multinational corporations looking to hide behind generous Panamanian tax-haven laws; banks looking to hide behind Panamanian bank secrecy regulations; Colombian resource extraction companies looking for new markets for their products, created at the expense of millions of displaced indigenous and Afro-descendant peoples; any companies in the U.S., Korea, Colombia or Panama hoping to be able to sue against public health, environmental or labor protection laws that infringe on their expected profits…

Those are the regular folks “Obama and the GOP” are fighting for with these trade deals. Don’t you feel sorry for all of them already? Luckily, Orrin Hatch has our back.

It’s a strange world.

Flying Whale

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One comment

  1. Hey Flying Whale,

    Just to make sure I’m not missing something– is there not ANY up-side to the proposed trade packages, at least for US citizens? Or, if you could, maybe go through what Obama and co claim the benefits would be, and refute them?

    FYI, I haven’t gotten any of the responses you may have made to my questions for you so far… perhaps you made them through other posts I haven’t had a chance to read? Or are my questions just that hard? :)



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