Latest hot rumor about fast track legislation,
previously scheduled to be released Sept 10:

The White House is reportedly alarmed by the
volume of Democratic opposition to fast track
piling up, not least for the presidential prospects
of VP Al Gore.  They are talking to union leaders
about some kind of version which Democrats
could support (and which the GOP would thus
reject).  The likelihood is that such a bill would
not pass and we would have no bill.  There is
a slim possibility that some kind of mongrelized
form could get majorities in Congress if all those
folks forget about party politics (yeah, right).

A re-engineering of the legislation will require
a delay in its introduction, which by itself would
be a major admission of weakness by Clinton.

ANY 'fast track' procedure is inherently anti-democratic.
One could imagine a bill that would be strong on labor
and environmental standards, but this takes quite
a bit of imagination.  Support for any such bill would
also undercut any claims by the left to favor popular
participation in trade legislation.  On balance my own
bias is to oppose any fast track, its redness or greenness
notwithstanding.

A failure of the effort would stimulate a national
debate about what fair trade ought to mean, a
natural setting for promotion of progressive goals.

Let the ruckus rise.

MBS



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Max B. Sawicky            Economic Policy Institute
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Opinions above do not necessarily reflect the views
of anyone associated with the Economic Policy
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