A New York Times article about Barack Obama’s Trans-Pacific Partnership opened with this sunny headline: “Trade Pact Would Lift U.S. Incomes, Study Says.”
But wait, a study by whom? It comes from the Washington-based Peterson Institute for International Economics.
What’s that? We’re not told, even though that information is key to understanding this group’s upbeat take on the TPP trade scheme.
It turns out the institute is largely funded by major global corporations that would gain enormous new power over consumers, workers, and the very sovereignty of the United States if Congress rubber stamps this raw deal.
In fact, many of the multinational giants financing the institute were among the 500 corporate powers that were literally allowed to help write the 2,000-page agreement — including Caterpillar, Chevron, IBM, GE, and General Motors.
And get this: The Peterson Institute itself helped write this scam it’s now hyping.