Thursday, April 10, 2008

Nancy Pelosi kills U.S. jobs and U.S. trade credibility

The Colombia trade pact was signed in 2006 and renegotiated last year to accommodate Democratic demands for tougher labor and environmental standards. Even after more than 250 consultations with Democrats, and further concessions, including promises to spend more on domestic unemployment insurance, the deal remained stalled in Congress. Apparently the problem was that Democrats kept getting their way.

So on Monday, President Bush submitted the bill to Congress over liberal protests, which, under a bargain between Congress and the White House for trade promotion authority, mandated an up-or-down vote within 90 days. Today Ms. Pelosi will make an ex post facto change to House rules to avoid the required vote, withdrawing from the timetable and thus relegating the Colombia deal to a perhaps permanent limbo.

For good measure, the double-cross dismantles the only process that allows any Administration to conduct good-faith negotiations with foreign nations. No one is going to take the U.S. at its word if Congress is going to change the rules when it has second thoughts and renege.

Even if the free trade agreement is somehow removed from cold storage, Ms. Pelosi's cheating is a first-order strategic blunder. Colombia is one of America's closest friends in a hostile region menaced by Hugo Chávez's Venezuela. For all the talk of repairing the U.S. "image" in the world, the Democrats don't really mind harming that image if it pleases the AFL-CIO.

My previous post here. It's a shame that Ms. Pelosi's constituents don't understand or don't care about more and freer trade, which leads to more jobs (which leads to a more robust tax base to tax, btw).

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