Pelosi Plays Hardball on Trade: the Good, the Bad and the Ugly

This just off the Reuters wire:

The House of Representatives will decide on Thursday whether to put off indefinitely a vote on the Colombia free-trade agreement that President George W. Bush submitted to Congress this week, House Speaker Nancy Pelosi said. Pelosi, announcing the move to reporters on Wednesday, would not give a time frame for when the trade pact might be debated and put up for a vote on passage in the House. The vote on Thursday would change rules for considering the deal by eliminating a 90-day deadline for Congress to approve the Colombia trade deal.
This is good news, bad news and potentially ugly news.

The good news: Finally, a Democratic leader is trying to use some modicum of legislative power to halt our economically destructive and wildly unpopular trade policies. It's a start.

The bad news: Pelosi has yet to say she will work to kill the pact outright. In fact, she issued a press release earlier this week merely worrying that Bush's tactics jeopardize the final passage of the Colombia Free Trade Agreement. Meanwhile, other top Democrats like Jim Clyburn have gone on record saying they want this deal to pass (Clyburn has since amended his statement - but sometimes the truth is in the first reaction).

The potentially ugly news:

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.