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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00400+185.7%Dec 5 9:30 AM EST

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To: David Lawrence who wrote (8770)11/6/1997 10:54:00 PM
From: DMaA  Read Replies (2) of 22053
 
Fast track authorization would allow Clinton to negotiate free trade agreements with S. American countries. These treaties would then be voted yea or nay by congress with out amendments. Every president since Nixon has been given this authority. Unions ( who are protectionists for their own selfish reasons )and the Democrats they bankroll are fighting this and may succeed in blocking it.

A no vote would be a signal that USA is turning away from a policy of lowering trade barriers. The gradual freeing up of world trade is one reason the world ( and US ) has been prospering the past few years. Remember, one of the things that triggered the 87 event was fear of a trade war with Japan.
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