American buainess interests are against this bigtime as well since much of their money depends on imported goods and services.
But blame it on other countries of course.
http://www.telegraph.co.uk/news/worl...trade-war.html
Barack Obama decides to dilute the "buy American" plan when Europe threatens to do exactly what happened in the past when we tried this inanity...
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
American buainess interests are against this bigtime as well since much of their money depends on imported goods and services.
But blame it on other countries of course.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
more "change"
he will never live that down...he promised "change" and all he has done is mostly change his position in order to be the same
We should definitely use protectionist policies. A trade war would be good for all working people around the world, as all the governments would actually need to care about their own citizens to keep the economy functioning. They wouldn't be able to put entires sections of the workforce out of business by doing deals with the new third world tyrants recently forced into the global economic system, and willing to subjugate their populations for first world productions needs.
I know I know " but being forced out of your traditional lifestyle by purposefully created poverty and forced to work in a slave labor camp is a great opportunity. We're doing them a favor."
For more commentary on this from a more sound editorial perspective Stimulus Spending will be outsourced
Last edited by Hermes Thoth; 02-01-2009 at 05:19 AM.
Protectionism of any kind is very bad policy. To those who favor protectionism: name ONE renowned economist who favors protectionism. I don't believe there are any, because protectionism accomplishes the very opposite of what it is intended to do.
NOt just the MIC, regular "investor" and corporate greed does the same thing.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
"Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34
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