Daily Revolt

May 11, 2007

Democrats, Bush Strike Deal on Trade

This agreement further destroys the myth that the Democrats represent working people. Nothing has done more damage to the poor of the world than global free trading and economy:
The Bush administration and Congress reached a deal on Thursday that paves the way for U.S. approval of free-trade pacts with Peru and Panama but leaves agreements with South Korea and Colombia in doubt.

The leader of the House of Representatives, Speaker Nancy Pelosi, said the deal set the stage for a "free and fair" U.S. trade policy by incorporating enforceable labor and environmental standards into bilateral trade deals.

"Our economic future rests on our ability to open new markets for U.S. goods and services," Pelosi, a California Democrat, said at a news conference with other senior lawmakers and two Bush administration Cabinet officials. "We must also do much more to address consequences of globalization."

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