EXAM #2 - 4) New York Times, December 4, 2007: Senate...

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4) New York Times, December 4, 2007: Senate Approves Peru Trade Deal “The Senate gave overwhelming final approval Tuesday to a trade agreement with Peru , as most Democrats joined nearly all Republicans in handing President Bush an unusual victory but leaving prospects unclear for other trade deals. Trade between the United States and Peru is only $8 billion annually, less than a half a percentage point of the total United States trade volume. But the accord has far-reaching political consequences. Also as happened in the House, Democratic supporters said they were comfortable with the deal because the House speaker, Nancy Pelosi , negotiated concessions from President Bush in May extending protections for workers and the environment in Peru. Democratic supporters also said that the deal opened up markets for American exports. Other Democrats, and many Republicans, argued that it was important to shore up relations with a crucial ally in Latin America, especially to lure them away from the socialist anti- American leadership of President Hugo Chávez of Venezuela. “There is a growing division in Latin America today,” said Senator Charles E. Grassley of Iowa, the ranking Republican on the Finance Committee. “We ought to help countries like Peru that are not going the direction of Venezuela.” But Democratic critics argued that the worker and environmental protections stand little chance of being enforced by the administration and that the Peru deal was another example of free trade policies that they argue have cost three million jobs in the last six years and caused a stagnation of wages for the middle class. “One of the major reasons that the middle class in the United States is shrinking, poverty is increasing and the gap between the rich and the poor is growing wider is in fact due to our disastrous, unfettered trade policy,” said Senator Bernard Sanders , an independent from Vermont. The administration expressed hope Tuesday that the Peru vote might pave the way for approval of deals with Panama, Colombia and South Korea that Mr. Bush seeks before he leaves office in 2009. But in the current climate of anxiety over trade, that appears unlikely. Echoing an argument made by the
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EXAM #2 - 4) New York Times, December 4, 2007: Senate...

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