Fast Track to Third World Status

Last night, President Bush formally transmitted the NAFTA expansion to Peru implementing legislation; and under Fast Track, Congress can't amend the legislation, and not even Pelosi or Rangel control the floor.
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Help Stop the NAFTA Expansion HERE

The race for the presidency has crystallized the debate about what to do about "globalization," a short-hand way of describing the increasing tendency of firms to locate production abroad, often for the purpose of exporting goods back to the United States rather than producing for the local market. Firms not only have moved production abroad but also in collective bargaining negotiations often use the threat of moving as leverage to obtain concessions from workers. While not a complete explanation for the relative stagnation in industrial wages and growing income inequality in the United States (and elsewhere in the world), it is perhaps the most visible, easily understandable, and therefore the most inflammable aspect of globalization for American workers.
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