PassageOne(ClintonIsRight)PresidentClinton’sdecisiononApr
8tosendChinesePremierZhuRongjipackingwithoutanagreementonChina’sentryintotheWorldTradeOrganizationseemedtobeamassivemiscalculation
ThePresidenttookadrubbingfrommuchofthepress,whichhadbreathlesslyreportedthatadealwasinthebag
TheCabinetandWhitHousestillappeareddivided,andbusinessleaderswerecharacterizedasfuriousoverthelostopportunity
ZhuchargedthatClintonlacked“thecourage”toreachanaccord
AndwhenClintonlatertelephonedtheangryZhutopledgearenewedeffortatnegotiations,thegesturewaswidelyportrayedasaflip-flop
Infact,ClintonmadetherightdecisioninholdingoutforabetterWTOdeal
Alotmorehorsetradingisneededbeforeafinalagreementcanbereached
AndwithouttheAdministration’sgoalofa“bullet-proofagreement”thatbusinesslobbyistscanenthusiasticallyselltoaR