Last November, Americans loudly rejected the Bush administration's more-of-the-same NAFTA expansion trade policy. The majority-making Democratic freshman class won by committing to end Bush's trade war on the middle class and force new rules for a fairer global economy.
But, shockingly, last night Democratic House Speaker Nancy Pelosi joined the White House and congressional Democrats and Republicans in charge of trade to announce a "deal." The deal would facilitate passage of at least Bush's NAFTA expansions for Peru and Panama. The deal involves adding stronger labor and environmental standards, but falls way short of de-NAFTA-fying those two trade agreements by removing the bans on anti-off-shoring and Buy America policies, or the outrageous foreign investor rights that facilitate off-shoring and attacks on our health and environmental laws. It's a scenario where some truly tasty icing has been spread over a deeply rotten cake.
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