The Secret Bush-Democratic Trade Deal & What It Means

Thursday, May 10th was a whirlwind day on the political frontlines in the War on the Middle Class, as a handful of senior congressional Democrats and the White House - cheered on by K Street lobbyists - joined forces today to announce a "deal" on a package of trade agreements that could impact millions of American workers and potentially calls into question the entire election mandate of 2006 (I say potentially because the full details are still being concealed by both Democrats and the White House). You'll notice the irony of the deal with just a glance at the front of the New York Times business section (screen captured above) - the deal was agreed to (though its details have still not been made public) on the very same day the U.S. government reported another widening of America's job-destroying trade deficit.

Because so much has transpired in the last 6 hours, I'm going to summarize it here chronologically in bullet points to make it easier to digest. continued →