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Hugo Chavez smiled as the U.S.-Colombia Free Trade Agreement fell victim to election-year politics. After 16 months of fruitless negotiations with Democrats in Congress, President Bush sent the agreement to Capitol Hill, where existing rules called for lawmakers to vote on the legislation within 90 days. But Nancy Pelosi and her Democrats voted to change the rules, allowing them to kill the bill quietly. Never mind that the Colombia agreement contains the same worker and environmental standards as the Peru free-trade agreement, which the Democratic Congress passed last December. And never mind that the ...