Word: vetoes
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...part it is the power of veto: the P.L.O. is widely thought to have the ability to upset any Middle East peace settlement by terror attacks. But also someone has to speak for the Palestinians, and for all the P.L.O.'s divisions, no realistic substitute has yet been found. Says one U.S. diplomat: "The equation has not been changed. You cannot say, 'These bozos have no place.' No one in the West Bank or in Gaza or anywhere else is saying, 'Let's finish with the P.L.O.' " So the P.L.O. lurches and stumbles...
Hoover was hemmed in by tradition and the G.O.P. platform. Henry Ford spent an evening at the White House pleading for a veto of what he called "an economic stupidity." Other automobile executives backed Ford. But no President had ever vetoed a tariff measure, and Hoover was not about to be the first. "With returning normal conditions, our foreign trade will continue to expand," he said hopefully...
Though the protectionist push has begun to worry increasing numbers of Congressmen, it has by no means petered out. So many Senators and Representatives have committed themselves to the textile bill that it is nearly certain to pass, though probably not by margins large enough to override a Reagan veto. But second thoughts are cropping up, spurred by several considerations...
...same time, the President flatly threatened to "veto measures that I believe will . . . diminish international trade." In essence, he was trying to deliver a message to Congress that might be paraphrased this way: Yes, I know we are in deep trouble on international trade. But this is a matter for painstaking, case-by-case negotiation with nations that we want to retain as friends and allies. Don't tie my hands, and above all don't take a chance on starting a global trade war, by enacting sweeping restrictions on U.S. imports...
...bills to come close to a vote, the textile measure is a kind of test case of protectionist sentiment. Present outlook: some version of it will sail through both chambers of Congress; after all, bipartisan majorities of both House and Senate have signed on as co-sponsors. Reagan will veto it, repeating dire warnings that U.S. protectionism could once again provoke foreign retaliation against what remains of American exports (which is plenty: the U.S. is still the world's biggest exporter by 27% over runner-up West Germany). Such retaliation is what happened after Congress passed the disastrous Smoot-Hawley...