Drop Dead, Colombia--Pelosi blocks a trade deal with America's closest S.American all

Drop Dead, Colombia--Pelosi blocks a trade deal with America's closest S.American ally
Washington Post ^ | April 10, 2008 | Editorial

THE YEAR 2008 may enter history as the time when the Democratic Party lost its way on trade. Already, the party's presidential candidates have engaged in an unseemly contest to adopt the most protectionist posture, suggesting that, if elected, they might pull out of the North American Free Trade Agreement. Yesterday, House Speaker Nancy Pelosi declared her intention to change the procedural rules governing the proposed trade promotion agreement with Colombia. President Bush submitted the pact to Congress on Tuesday for a vote within the next 90 legislative days, as required by the "fast-track" authority under which the U.S. negotiated the deal with Colombia. Ms. Pelosi says she'll ask the House to undo that rule.

The likely result is no vote on the agreement this year. Ms. Pelosi denies that her intent is to kill the bill, insisting yesterday that Congress simply needs more time to consider it "in light of the economic uncertainty in our country." She claimed that she feared that, "if brought to the floor immediately, [the pact] would lose. And what message would that send?" But Ms. Pelosi's decision-making process also included a fair component of pure Washington pique: She accused Mr. Bush of "usurp[ing] the discretion of the speaker of the House" to schedule legislation. ... Economically, it should be a no-brainer -- especially at a time of rising U.S. joblessness. At the moment, Colombian exports to the United States already enjoy preferences. The trade agreement would make those permanent, but it would also give U.S. firms free access to Colombia for the first time, thus creating U.S. jobs. Politically, too, the agreement is in the American interest, as a reward to a friendly, democratic government that has made tremendous strides on human rights, despite harassment from Venezuela's Hugo Chávez.

(Excerpt) Read more at washingtonpost.com ...