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July 29, 2005
Too Close
The House of Representatives finally passed the Central American Free Trade Agreement (CAFTA), but the narrow margin of victory should dissuade free marketers everywhere from celebrating. Two votes. A measure that would lower trade barriers between the United States and some of our (small and poor) neighboring countries, only passed by a two vote margin, 217-215. Yes, Republicans favored the bill and Democrats excoriated it, but the problem goes deeper. There were too many Republican defections, and the Democratic members of the House (more than 100 of whom voted for NAFTA in 1993) seem to have lost their stomach for globalization. If the United States is to continue as a leader in the march toward globalization, we are going to have to convince more than a bare majority of our legislators to come along.
Posted by Audi Partem Alteram at July 29, 2005 10:05 AM
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