Obama's 'Buy American' Plan May Meet China's Export-Led Growth in 2009 [View article]
We're seeing a general breakdown of the last couple decades of "free trade." Reneging trade agreements, and providing MASSIVE subsidies to domestic industry (TARP and trillions in other bailouts) can only be met with animosity abroad. This is not the broad multilateral cooperation we were promised and will only get worse. Consider the new found influence of the labor lobby and its collusion with domestic industry in search of handouts and we see there is only one inevitable outcome...
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We're seeing a general breakdown of the last couple decades of "free trade." Reneging trade agreements, and providing MASSIVE subsidies to domestic industry (TARP and trillions in other bailouts) can only be met with animosity abroad. This is not the broad multilateral cooperation we were promised and will only get worse. Consider the new found influence of the labor lobby and its collusion with domestic industry in search of handouts and we see there is only one inevitable outcome...
Jan 14 11:33 am
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All Comments by Rob Viglione »Obama's 'Buy American' Plan May Meet China's Export-Led Growth in 2009 [View article]