November 29, 2010

WARREN BUFFET AIN'T KNOCKING ON DOORS IN IA:

Obama's Trade Contortions: Why, besides the Democratic Party's loyalties to the AFL-CIO, is the president not pushing the U.S. free trade agreement with Colombia? (MARY ANASTASIA O'GRADY, 11/29/10, WSJ)

In an interview on CNBC's Squawk Box from the Americas Competitiveness Forum in Atlanta two weeks ago, Commerce Secretary Gary Locke was asked if he found it awkward to face the attending Colombians, who have been waiting since 2008 for ratification of their free trade agreement (FTA) with the United States.

"Actually," Mr. Locke declared, "there are a lot of intense negotiations going on as we speak, and I've been meeting with some of the ministers and representatives of the government of Colombia here." That was news to my Colombian sources familiar with what happened. They told me that there were no such "intense negotiations."

Why should there have been? This deal is already signed by both parties. It is even likely that it would be ratified if President Obama would only send it to Congress for an up-or-down vote under "fast-track negotiating authority." Instead, the administration has been letting it languish in a drawer, and its explanations for doing so grow more convoluted every day.

There's a reason for that. Under Obamanomics, exports are supposed to play the leading role in putting Americans back to work. This makes the Colombia deal good, because it would increase U.S. competitiveness in that South American country. But Big Labor is against free trade agreements and Mr. Obama needs Big Labor. That makes the Colombia deal bad.

Posted by Orrin Judd at November 29, 2010 5:34 PM
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