It's long, complex, and I really don't want to spend teh whole evening summarizing a piece of failed legislation. In a nutshell, it reduces the number of EU commissioners (who are sort-of like senators but have executive power) in order to have a working number rather than 27-member commission that can't agree on anything and thus gets nothing done; allows Europe to have people in charge of foreign policy, energy policy, and criminal justice. It also changes the method of voting in the European council which would allow legislation to get passed a bit quicker. The smaller countries say they'd get less influence than they do now. Since they get more influence than they would in proportion to their population as it is this doesn't bug me much. It solidifies Europe's human rights laws, which would make it easier for someone to pursue appeals to the European courts when they feel their national legal system has let them down (the Europhobes hate that one).
Well I could go on and on. But basically I'm in favor of a united states of Europe because I dislike nationalism. So I am fine with an EU superstate, and I am also fine with free markets, especially within Europe. The current situation is like a company from say, New york needing to get bureaucratic permission to open an office in California, which is hopeless BS.
You can read about it here;
http://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:2007:306:SOM:EN:HTML'Corporate elites' - come on, that's just a buzz word. If you don't know what the treaty of Lisbon is about I respectfully suggest that maybe you don't know European politics all that well to begin with. It's not that I expect you to agree with me but I think it's foolish to form an opinion on something you barely understand. I personally think the whole 'NWO' idea is a crock of shit. I just like the idea of the EU becoming more like the US in some respects. The EU has done a lot for people of Europe (especially my country0 and I think they're a bunch of ungrateful self-serving bastards for voting no on the treaty. The main reason they objected to it was to spank the government, because the Prime Minister (who they re-elected in a ladnslide last year) turned out to have been lying about some political donations (which everyone knew when they re-elected him, but Irish people are kind of perverse that way).