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No links between trade pacts, stimulus: White House



US President George W. Bush has not tied support for a second economic stimulus package or help for the US auto industry to passage of stalled stall 1  
n.
1. A compartment for one domestic animal in a barn or shed.

2.
a. A booth, cubicle, or stand used by a vendor, as at a market.

b.
 trade pacts A trade pact is a wide ranging tax, tariff and trade pact that often includes investment guarantees. Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. , including one with Colombia, the White House said Tuesday.

Bush spokeswoman Dana Perino denied news reports that Bush made such a linkage linkage

In mechanical engineering, a system of solid, usually metallic, links (bars) connected to two or more other links by pin joints (hinges), sliding joints, or ball-and-socket joints to form a closed chain or a series of closed chains.
 when he and his successor met privately at the White House on Monday.

"In no way did President Bush suggest that there was a quid pro quo [Latin, What for what or Something for something.] The mutual consideration that passes between two parties to a contractual agreement, thereby rendering the agreement valid and binding.  when it came to Colombia free trade agreement or the other free trade agreements," she said. "There was no linkage."

"They both shared their ideas as to what could be done to help improve the economy. President Bush has long stood for the free trade agreements. He believes that they can and should pass on their merits," said Perino.

"We are a country that should be open to foreign investment and also we should try to continue to grow our export business, which has been one of the bright spots in our economy, even during this downturn Downturn

The transition point between a rising, expanding economy to a falling, contracting one.


downturn

A decline in security prices or economic activity following a period of rising or stable prices or activity.
," she said.

Bush "hopes that the next administration will recognize that not only is that good for our businesses -- especially if you want to create jobs, one of the best ways to do that is to open up new markets for our businesses and our entrepreneurs," said Perino.
Copyright 2008 AFP American Edition
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Author:AFP
Publication:AFP American Edition
Date:Nov 11, 2008
Words:223
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