International

How Bernie Sanders Can Kill the 1%'s TPP Trade Deal

The DC press says it's getting down to the wire on a possible vote in the House on fast track to substantially pre-approve the Trans-Pacific Partnership and other pending trade deals, with a vote possible as early as Thursday.

Democratic presidential candidate Bernie Sanders, who was a close second in a recent straw poll of Wisconsin Democrats, has called for a "political revolution" to revitalize democracy in the United States.

Extend Unemployment Assistance by Cutting the War Budget

 Just over a week ago, the Senate fell one vote short of overcoming a Republican filibuster to pass a three-month extension of assistance for the long-term unemployed.

The New York Times reported:

WikiLeaks and the Drone Strike Transparency Bill

by Robert Naiman

The Senate Intelligence Committee recently took an important step by passing an intelligence authorization which would require for the first time - if it became law - that the Administration publicly report on civilian casualties from U.S. drone strikes.

Sarah Knuckey, Director of the Project on Extrajudicial Executions at New York University School of Law and a Special Advisor to the UN Special Rapporteur on extrajudicial executions, calls this provision "an important step toward improving transparency," and notes that "Various U.N. officials, foreign governments, a broad range of civil society, and many others, including former U.S. Department of State Legal Advisor Harold Koh ... have called for the publication of such basic information."

This provision could be offered as an amendment in the Senate to the National Defense Authorization Act. It could be offered in the House as an amendment on the intelligence authorization, or as a freestanding bill. But it's not likely to become law unless there's some public agitation for it (you can participate in the public agitation here.)

Could GOP Sanctions on Europe Tank the Economy and Elect Romney?

Remember, "It's the Economy, Stupid?" So how come Democrats in Congress - over the objections of the Obama Administration - are helping Republicans press sanctions on Europeans who buy oil from Iran - sanctions that would increase unemployment in the U.S. during the 2012 campaign?

 

The National Defense Authorization Act now contains a Senate amendment by Republican Senator Mark Kirk - supported by many Democrats in Congress - that would sanction European banks and companies that do business with Iran's Central Bank, in order to stop Europeans from buying Iranian oil. This is a big deal, because Iran is the world's fifth-largest oil exporter, and blocking Iranian oil exports to Europe would raise the price of oil, in Europe and in the United States.

 

Kirk's amendment would hurt the U.S. economy, at a time when economic contraction in Europe could push the U.S. back into recession.

 

Is fear of the economic blowback of the sanctions on Europe that Kirk wants to impose justified? Many Europeans seem to think so.

 

On Tuesday, Reuters reported:

 

 

The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil, diplomats and traders say, as awareness grows that the embargo could damage its own economy without doing much to undercut to Iran's oil revenues.

[...]
"Maybe the aim of sanctions is to help Italy, Spain and Greece to collapse and make the EU a smaller club," one trader joked.

 

The remark reflects the growing unease that EU sanctions would hit hardest some of the continent's weakest economies, because Iranian oil provides the highest share of their needs, not to mention the rest of the bloc.