You know, those fast track obsessed people seem in a big rush to make happen this bad brew of trade and corporate annihilation of decent wages. They aren’t giving up.
The traditional media is awash today in reports of various gambits to revive the mess after last week’s humiliation.
This in The Wall Street Journal:
House Majority Leader Kevin McCarthy (R., Calif.) said that pushing fast-track trade legislation through Congress without attaching a workers-assistance program that dragged down the bill last week would be “a very good option.”
The comments by Mr. McCarthy at The Wall Street Journal’s CFO Network Conference in Washington offered the clearest picture yet of House GOP leaders’ thinking as they figure out how to advance the trade legislation, a priority of the Obama administration.
The question is whether enough of the 13 pro-trade Senate Democrats who joined with Republicans to pass the fast-track legislation in May would go along with the strategy. Many Democrats support extending the workers-assistance program and insisted that it be included in the trade bill to get it through the Senate.
And over at the mostly pro-so-called “free trade” NYTimes:
The House voted convincingly Tuesday to allow Congress six more weeks to ponder ways to get a trade bill to President Obama’s desk before the August recess, just days after Democrats delivered an embarrassing defeat to the administration’s economic policy agenda.
House Republicans were set to take another vote on Trade Adjustment Assistance, which provides relief for workers displaced by global trade pacts. Democrats have long supported such programs, but last Friday voted against it as a way of undermining the president’s push for accelerated negotiating authority known as fast track.
The problem is: it’s a pretty thin margin and a very hard balance. The “Free trade” version of pulling an inside straight. Maybe harder.

