Word: gatt
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Dates: during 1990-1999
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...fact, Newt Gingrich's "Contract with America," compared with Perot's manifesto, is timid in attacking the deficit and ignores other major items on Perot's priority list as well. Even legislators who have enjoyed explicit support from Perot have stiffed him on such critical issues as nafta, gatt and the Administration's effort to nourish Mexico's anemic currency. When Congress was considering gatt last November, Perot warned that if the trade agreement was approved, which it was, United We Stand would consider forming a new party. Local chapters all over the country-prodded by national headquarters in Dallas...
...calculate was the impact of rising interest rates around the world, especially in the U.S., which gave investors attractive alternatives for their money. Another possibility is that Salinas, who would very much like to be named the first head of the World Trade Organization, which will be created under GATT, didn't want to go out with any more blots on his resume...
...with Mexican labor even cheaper, American jobs will head south en masse. The poorly concealed glee of NAFTA's foes gives the Clinton Administration yet another thing to get defensive about. If NAFTA was a blunder, then doubts arise about the centerpiece of Clintonomics: free trade, as in NAFTA, GATT and plans for Pacific Rim and Pan-American trade zones...
Winter's coming took on a symbolic chill for congressional Democrats as they eulogized 40 years of majority rule during a last lame-duck session, convened for GATT. Preparations for the bleak unknown began with Democratic House leadership elections. Representative Richard Gephardt of Missouri briefly climbed out of his hospital bed to secure the nod as minority leader before returning for a gallbladder operation; he will be joined by newly elected minority whip David Bonior of Michigan and California's Vic Fazio, now the House Democratic caucus chairman. In the Senate, Tom Daschle of South Dakota was voted...
...final act, the late, not-so-great 103rd Congress approved sweeping changes to the General Agreement on Tariffs and Trade (GATT). These changes, passed with bipartisan support (and opposition), will drastically reduce tariffs and alter trade practices for all the treaty's 124 member nations. Below: the votes of your Senators and Representative...