Article I, Section 8 of the U.S. Constitution says, “The Congress shall have power… to regulate commerce with foreign nations.” “Fast Track” delegates to the President the authority to set the terms of U.S. trade policy independent of Congressional oversight.

Bush and USTR Susan Schwab have now decided to start negotiating with Singapore, Chile, New Zealand and Brunei on a financial services and investment agreement.

What is their mandate?  What are their goals?  There is no consultation with Congress, the Congress that has foreign commerce authority.

The goal-challenged grab bag of trade agreements has gotten us into this deficit and recession mess.  Its time to re-evaluate in a trade audit.  It is not time to grab the shovel and dig the hole deeper.

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