Friday, July 29, 2005

CAFTA Stikes White Gold!

Yes the day has finally come. CAFTA (Central American Free-Trade Agreement) passed in the House and will become law upon signage by GWB. What does this mean, however, for Florida? It means two BIG things for the moment.

First the Sugar industry is going to be angry because of the ridiculous quotas that will be needed for imported sugar regardless of demand. This once powerful industry is now powerless to the envirmontal standards (or lack thereof) within the 5 central american states that now are a member of CAFTA. We will see the same problem for the sugar industry that we saw with the Automobile insdustry after the passage of NAFTA (North American Free Trade Agreement) in 1992. It will be an interesting move for the US Government to determine how much it will want to help US Sugar.


Second, the Governor's race in Florida will now heat up quite a bit after the passage of CAFTA. Jim Davis (D-FL) in an interesting decision voted Nay on CAFTA ending a long career of pro-free trade votes including Asia and other central american nations. The voter reaction (especially on the moderate/business democrats) will certainly be worth noting as this crucial vote has finally come to a close and opened a new chapter in the race in '06.

Also, please visit politicalyouth.blogspot.com . It is the new home of my political ideas and information to bleed off some of the political stuff from this my personal blog. Please visit it and tell your friends to grow the political youth community.

PAX

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