Barack Obama and free trade: Economic vandalism

You can be fairly sure that when a government slips an announcement out at nine o’clock on a Friday night, it is not proud of what it is doing. That is one of the only things that makes sense about Barack Obama’s decision to break a commitment he, along with other G20 leaders, reaffirmed last April: to avoid protectionist measures at a time of great economic peril. In every other way the president’s decision to slap a 35% tariff on imported Chinese ... Full Story »

Posted by Fabrice Florin

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Leon
4.1
by Leon - Sep. 19, 2009

The only thing I would add to this article is to use the comparison of Hoover and what he did during the Great Depression. Basically, Obama is following the MISTAKES of that administration. Protectionism is NOT the way out of our economic problems, it's actually right back in to them. So why would you do this, Mr. President?

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