Tuesday, May 20, 2008

The Pelosi Problem

Fred Bergsten, director of the Peterson Institute for International Economics and formerly a Treasury official in the Carter administration, writes:
By effectively killing "fast track" procedures that guarantee a yes-or-no vote on trade agreements within 90 days, lawmakers in Washington, led by House Speaker Nancy Pelosi, have destroyed the credibility of the U.S. as a reliable negotiating partner.