Barack Obama and free trade: Economic vandalism

Economist | Sep. 19, 2009 (News Analysis)

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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by Laer Haider - Sep. 19, 2009

This article presents a very right-wing, wrong-headed view of geopolitics and how the global economy functions. As other nations continually increase tariffs while the US keeps reducing or eliminating them, we continue to force industry off our lands and into foreign pockets. Well-paying manufacturing jobs continue to vanish, eroding the ability of our economic foundation--We the People--to purchase goods and services. Supply-side economics is now a proven failure. Demand-side economics is a long-proven success. It's about time we begin returning to it.