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Tuesday, May 10, 2005
A Defeat for Bush on CAFTA?
President Bush has gotten off to a rather inauspicious start to his economic agenda. For instance, The New York Times' Elizabeth Becker reports that the administration is already beginning to lower expectations for passage of CAFTA.
Social Security is not the administration's only economic initiative that is in trouble in Congress.This administration is loath to admit defeat on any issue, so it is quite a development for officials to intimate that they do not have the votes to pass CAFTA. Perhaps the political momentum is not on their side these days after all...
The current centerpiece of President Bush's trade agenda, the Central American Free Trade Agreement, is facing unusually united Democratic opposition as well as serious problems in overcoming well-entrenched special interest groups like sugar producers and much of the textile industry.
[...]
The administration admits that even in this off-election year, when trade deals have the best chance of passage, it does not have the votes to pass this one. [emphasis added]
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