Word: trading
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Dates: during 1990-1999
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...first point is the best place to begin. Read the trade magazines to see what the latest Intel plans are for its processors. Look in the technology section of your favorite paper to keep abreast of high-level events such as the Justice Department's lawsuit against Microsoft or Apple's purchase of PowerComputing. Really, it's more fun than it sounds, and it's free...
Second, and more important, those who have the biggest gripes with Gephardt are not the loud-mouthed left. Gephardt's goaders, if they spoke up, would be the economic moderates--the Clinton voters with a little Ec 10 behind them. But then, things like fast track trade legislation just don't spark political passions. Moderates read the papers and vote, but too often remain on the sidelines as key debates are taking place. We live in a country of Crossfires, in which public discourse is harshly split. This fall, with bitter, partisan campaign finance investigations and the almost comical obstructionism...
...left of Al Gore '69, has steadily retreated from moderation. Earlier this year, he refused to support the bipartisan budget bill, trying to paint an image as a defender of traditional Democratic interests. Then, last month, he led the Democratic charge against a renewal of so-called "fast track" trade legislation, which gave President Clinton broader latitude in negotiating trade deals. Eighty percent of Democrats in the House joined their fearful leader in voting no on the bill, citing concerns about human rights and the environment, and constituent fears about job losses from trade...
...address in St. Louis in September, Gephardt acknowledged the importance of an open market, but argued that democracy and human rights interests trump free trade. "We must not put a price-tag on our beliefs," he said. Like the North American Free Trade Agreement, deals the president would negotiate, Gephardt argued, would merely reinforce a status quo in which children are forced to work, wages are insufficient and the environment is abused. This position is reasonable, and is adopted by many American politicians and citizens. It is quite plausible that Gephardt believes it himself...
Whatever his motives, Gephardt is standing in the way of continued prosperity. The fear that foreign workers are seizing U.S. jobs is unfounded. As Lewis noted in the Times, despite the lowest trade barriers in history, the U.S. unemployment rate sunk to its lowest level in more than two decades. And Gephardt's protestations about workers' rights and environmental degradation only hold water if we believe that we can effect more change through idealism than persuasive engagement...