Because the "theory" you write down doesn't exist. It's just a logically incoherent mixture of apples and oranges, using a well-known metaphor.
One can't construct a theory by simply throwing random pieces of Lagrangians taken from different theories as if we were throwing different things to the trash bin.
For numerous reasons, loop quantum gravity has problems with consistency (and ability to produce any large, nearly smooth space at all), but even if it implied the semi-realistic picture of gravity we hear in the most favorable appraisals by its champions, it has many properties that make it incompatible with the Standard Model, for example its Lorentz symmetry violation. This is a serious problem because the terms of the Standard Model are those terms that are renormalizable, Lorentz-invariant, and gauge-invariant. The Lorentz breaking imposed upon us by loop quantum gravity would force us to relax the requirement of the Lorentz invariance for the Standard Model terms as well, so we would have to deal with a much broader theory containing many other terms, not just the Lorentz-invariant ones, and it would simply not be the Standard Model anymore (and if would be infinitely underdetermined, too).
And even if these incompatible properties weren't there, adding up several disconnected Lagrangians just isn't a unified theory of anything.
Two paragraphs above, the incompatibility was presented from the Standard Model's viewpoint – the addition of the dynamical geometry described by loop quantum gravity destroys some important properties of the quantum field theory which prevents us from constructing it. But we may also describe the incompatibility from the – far less reliable – viewpoint of loop quantum gravity. In loop quantum gravity, one describes the spacetime geometry in terms of some other variables you wrote down and one may derive that the areas etc. are effectively quantized so the space – geometrical quantities describing it – are "localized" in some regions of the space (the spin network, spin foam, etc.). This really means that the metric tensor that is needed to write the kinetic and other terms in the Standard Model is singular almost everywhere and can't be differentiated. The Standard Model does depend on the continuous character of the spacetime which loop quantum gravity claims to be violated in Nature. So even if we're neutral about the question whether the space is continuous to allow us to talk about all the derivatives etc., it's true that the two frameworks require contradictory answers to this question.
This post imported from StackExchange Physics at 2014-03-07 13:39 (UCT), posted by SE-user Luboš Motl