June, 27 2012, 11:22am EDT

Congressional Democrats Escalate Criticism of Substance, Process of Obama's First Trade Pact - the Trans-Pacific Partnership
On Eve of TPP Summit in California, 132 House Democrats Demand Access to TPP Text, New Senate ‘21st Century Trade Agreement Act’ Provides TPP Alternative
WASHINGTON
The combination of unprecedented secrecy during three years of Trans-Pacific Partnership (TPP) "trade" agreement negotiations and recent leaks of TPP chaptersrevealing that U.S. negotiators have approved extreme, troubling terms has sparked a veritable tsunami of congressional criticism and action in recent days, Public Citizen said. The 13th round of TPP negotiations will be held next week in San Diego.
On Wednesday, an overwhelming majority of House Democrats, led by U.S. Reps. Rosa DeLauro (D-Conn.) and George Miller (D-Calif.), sent a letter to the administration criticizing the secretive TPP negotiating process, demanding public release of the TPP text and raising alarm about TPP proposals that replicate past pacts and could increase drug prices, undermine Buy American policyand expose U.S.laws to attack in foreign tribunals. The letter, sponsored by two members of the House Democratic leadership, was signed by almost every Democratic full committee ranking member and Appropriations Committee ranking member, as well as many Ways and Means Committee members and a dozen lawmakers who supported last fall's free trade agreements with South Korea, Colombia and Panama.
"The message to President Obama from his own party is clear: Neither the public nor members of Congress will tolerate more of these NAFTA-style trade agreements, and the text of this deal must be released because there are major concerns about where it is heading," said Lori Wallach, director of Public Citizen's Global Trade Watch. "Last week's leak of the TPP investment chapter sent shock waves through Congress because it showed that U.S. negotiators had totally abandoned Obama's campaign pledges to replace the old NAFTA trade model and in fact were doubling down and expanding the very Bush-style deal that Obama campaigned against in 2008 to win key swing states."
Simultaneously, U.S. Sen. Sherrod Brown (D-Ohio) will introduce new legislation to reform the U.S. trade policymaking process and set binding standards for future agreements. The bill, The 21st Century Trade Agreement and Market Access Act, translates Obama's 2008 trade reform campaign commitments into practical public policy.
"The bill presents critical reforms to trade policymaking procedures and new rules for what every U.S. trade pact must and must not include to make sure we can harvest the benefits of expanded trade without repeating the mistakes of the past," said Wallach. "U.S. trade officials have dubbed their TPP the 21st Century Trade Agreement, but the current TPP agenda hails from the robber baron era. U.S. negotiators would be less likely to get crossways with congressional Democrats and the public if they followed the new bill's guidelines."
Today's major congressional letter and the new Senate bill follows a letter to the administration from a group of senators earlier this week demanding that the TPP text be released. It also follows legislation introduced in May by U.S. Sen. Ron Wyden (D-Ore.) that calls for the same.
While more than 600 official U.S. trade advisors from the corporate section have full access to TPP texts, Wyden, who chairs the Senate subcommittee with jurisdiction over the TPP, has been denied access even to the U.S. proposal to the negotiations.
TPP negotiations were begun in 2008 by the George W. Bush administration. The San Diego round of talks next week will include Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. But last week, the U.S. okayed Mexico and Canada to join TPP.
"The only thing worse than NAFTA-on-steroids with any old country is NAFTA-on-steroids with NAFTA countries," said Wallach. "What's worse, the administration appears to have abandoned its leverage and greenlit Mexico and Canada joining the TPP without an agreement to drop their previous trade pact attacks on U.S. consumer labeling of meat and dolphin conservation policies The American public is desperately waiting for President Obama to show some negotiating savvy, and to start fulfilling his campaign pledges and reconsider the so-called 'trade' model that his administration is pushing with the TPP."
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
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Alan Greenspan, Longtime Fed Chair and Ayn Rand Disciple, Meets Ultimate ‘Invisible Hand’
"For decades, he preached that the self-interest of the predator was the invisible hand of the common good," Yanis Varoufakis said after the man who led the US central bank under four presidents died aged 100.
Jun 22, 2026
Alan Greenspan, whose policies during nearly 20 years as US Federal Reserve chair fueled soaring economic inequality and helped create the conditions for multiple economic crashes, died Monday at age 100 after a long battle with Parkinson's disease.
While many corporate media outlets published hagiographic obituaries lionizing the "Maestro" who presided over nearly two decades of low inflation, rising stock prices, and American economic confidence, critics focused on Greenspan's role in promoting dangerous deregulation and "easy money" policies that inflated financial bubbles, with sometimes disastrous results.
Robert Reich—who served as US labor secretary under President Bill Clinton during all of Greenspan's tenure—called him "in many ways the most powerful person in America" during that era.
"If any single person was responsible for the financial crisis of 2008, it was Greenspan."
"He maintained an iron grip over the Fed, and almost single-handedly decided on interest rates," Reich wrote. "He essentially fired George H. W. Bush by raising interest rates so high (ostensibly to ward off the inflation then threatening the economy) that the economy took a dive, and voters blamed Bush. This was enough to convince my boss, Bill Clinton, to do exactly what Greenspan wanted—which was to reduce the federal budget deficit and thereby destroy much of the agenda Clinton ran on (and I helped create)."
"I don’t want to speak ill of anyone who has passed. Greenspan was an extremely charming, intelligent, and thoughtful man," Reich added. "But the truth must be told: If any single person was responsible for the financial crisis of 2008, it was Greenspan. That crisis—the worst collapse since 1929, which led to the worst recession in decades, in which millions of Americans lost their jobs, savings, and even their homes—resulted from the deregulation of Wall Street that Greenspan advocated."
Former Greek Finance Minister Yanis Varoufakis wrote on X: "His epitaph? A singular, glorious confession, 'I found a flaw in my model of the world.' A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.
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Their relationship cooled as Greenspan embraced more mainstream economic policies despised by Rand and gradually became a leading steward of the very sort of state-shepherded system she deeply distrusted.
After heading President Gerald Ford's Council of Economic Advisers, Greenspan was appointed chair of the Fed by President Ronald Reagan in 1987. He would remain in the post well into George W. Bush's second term.
Greenspan generally favored low interest rates, especially after crises like the 1987 stock market crash, the 1998 Long-Term Capital Management crisis, and the 2001 recession. His fame grew after he suggested that the economy might be experiencing a tech-driven “productivity miracle," language that many investors took as validation that traditional valuation limits were obsolete.
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A peer-reviewed study published by The Lancet in July 2025 estimated that proposed cuts to USAID could lead to as many as 14 million preventable deaths by 2030 worldwide, including the deaths of 4.5 million children under the ages of five years old.
Musk, who earlier this month became the world's first trillionaire, wrote in response to Khanna's interview that it was "time to sue this liar."
It's not clear how Khanna's statement could be defamatory given that it was based on research published by a prestigious medical journal.
Musk, in a separate reaction to Khanna's remarks about USAID, later added that the US lawmaker "should be in prison."
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"The world's richest person has spent all day... going after me," Khanna said. "Why? Because I cited an academic study that his DOGE cuts may lead to the deaths of millions of children overseas. You know, Elon, I thought you were a free speech guy. Why not debate me on these issues instead of threatening lawfare?"
"You're not going to be able to intimidate me," Khanna added.
.@elonmusk let's debate. You game?
I am for free speech, not lawfare. pic.twitter.com/gThLggxiOW
— Ro Khanna (@RoKhanna) June 22, 2026
Mehdi Hasan, editor-in-chief of Zeteo News, said that Khanna’s willingness to directly take on Musk exhibited qualities that Democrats could use more of in leadership positions.
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Two people were killed, and six others survived, a strike on Sunday that the US military claimed—without providing evidence—targeted a boat full of "narco-terrorists," but that human rights defenders called another summary execution worthy of prosecution.
"On June 21, at the direction of the commander of US Southern Command, Gen. Francis L. Donovan, Joint Task Force Southern Spear conducted a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations," USSOUTHCOM said in a statement. "Intelligence confirmed the vessel was transiting along known narco-trafficking routes in the Caribbean and was engaged in narco-trafficking operations."
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More lawless killing in the Trump administration’s boat bombing campaign.Real killing in a phony armed conflict with “narco-terrorists.”This strike reportedly left 6 survivors.US record for rescuing survivors alive is…not great.
[image or embed]
— Brian Finucane (@bcfinucane.bsky.social) June 21, 2026 at 11:28 PM
According to The Intercept's Nick Turse, who has tracked all of the reported US boat bombings in the Caribbean Sea and Pacific Ocean, there have now been 66 such strikes, which have killed 215 people and left 12 survivors, based on USSOUTHCOM data.
The fate of previous boat strike survivors is not completely clear. After one April bombing, the US Coast Guard told UPI that search-and-rescue operations were called off after no signs of survivors were found. Last October, President Donald Trump said two strike survivors were repatriated to their home countries of Ecuador and Colombia, where they faced prosecution.
Survivors of some of the strikes have accused US forces of torturing them.
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In January, relatives of two Trinidadian fishers killed in the strikes filed a federal wrongful death lawsuit in Massachusetts.
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