Obama's TTIP failure
Barack Obama has already suffered a major blow in his vision for a new international trade policy. Now he has been trying to persuade Congress to pass a bill called Transatlantic Trade and Investment Partnership (TTIP).
This bill would form a partnership that would expand trade between the US and countries bordering the Pacific Ocean, especially Asia.
Many opposed Obama in a crippling defeat to his international trade agenda, and within this he’s got an even bigger problem: part of the opposition came from his own party – the Democrats.
Despite TTIP having serious implications for food safety, jobs, money, privacy - and even democracy - some think the US government has withheld important information from its own citizens.
TTIP has elements which are very undemocratic, and its implication would stretch way beyond the current presidency. Meanwhile, Obama's problems with a loss of support from his own side have caused some to say he is a ‘lame-duck president.’ The policy he hoped would be his legacy has instead become a serious setback to his credibility.
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