Bush losing `fast track' trade powers (AP)

[Eugene]

Source: Associated Press

Bush losing `fast track' trade powers

By JIM ABRAMS, Associated Press Writer
12 minutes ago

WASHINGTON - President Bush loses his power Saturday to
seal "fast track" trade agreements without interference from
Congress, where Democrats blame recent deals for sending
U.S. jobs abroad.

Since 1975, only one other president, Bill Clinton, has been
stripped of that trade promotion authority, designed to speed
the reduction of trade barriers and open new markets with
other countries. Bush won't get it back again, and the next
president might not either.

House Democratic leaders, including Speaker Nancy Pelosi of
California and Rep. Charles Rangel of New York, whose Ways
and Means Committee handles trade policy, said in a written
statement Friday that their legislative priorities "do not
include the renewal of fast track authority."

"Before that debate can even begin, we must expand the
benefits of globalization to all Americans," they said.

-snip-

Read more: http://news.yahoo.com/s/ap/20070629/ap_on_go_co/congress_trade_3

[riqster]

1. If doing nothing gets the job done

...so be it

[natrat]

2. what benefits of globilazation? no jobs and more $ for the hyper rich