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Trade FolliesPosted by Pejman Yousefzadeh on Mon Apr 14, 2008 at 05:47:06 PM EST
Either Nancy Pelosi doesn't understand the nature of the U.S.-Colombia trade deal, or she thinks that she can fool the public. In any event, she makes a hash of things in trying to explain why she allowed for fast-track authority to expire--thus putting the deal on the back burner:
Democrats will vote on a free trade agreement with Colombia only after the White House and Congress address pressing domestic economic concerns, House of Representatives Speaker Nancy Pelosi said on Monday. One does not know whether to laugh or cry. American markets are already open to Colombia products. The deal opens Colombian markets to American products. How American workers do not benefit from having another market opened to the things they make is beyond comprehension. But of course, there are a lot of myths associated with the rejection of the trade agreement. And concerns about American workers and the environment are Pavlovian and come about with the advent of any trade deal, the facts notwithstanding. Robert Zoellick was right and while I hate to say that I told you so, I did.
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