Re: EU Goes To DC, Presses Lawmakers
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Problem is that insurance and legal professions are regulated by the states. This is not going to change. I really doubt that any $50-100 billion trade concessions to EU exist that Congress would or could pass.
The whole withdrawal of commitment thing is a stall tactic. I suspect that it also is to give the DOJ a counter to the argument that WTO decision should cause the courts to interpret the Wire Act to not include online gambling (also called the Charming Betsy argument). This has been used in both the iMEGA case and the BetOnSport/Kaplan case.
IMO EU is trying to get Congress to pass legislation compliant with WTO to save the WTO process from the calamity it now faces. I hope the Dems listen because Bush will not.
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Without the ability for States to opt out, that is going to create one heck of a S storm.
D$D
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