The Election Choice: Trade

Opinion Journal (WSJ) by Mary Anastasia O'Grady | Oct. 29, 2008 (Opinion)
Obama has distanced himself from the post-Hoover consensus.

The U.S. hasn't elected a genuinely protectionist president since Herbert Hoover, and for most of the last 80 years a rough bipartisan consensus has held that free trade is in the American national interest. The erosion of that consensus is reflected in the gulf between John McCain and Barack Obama on trade, which is probably the widest division at the presidential level since the 1920s. Full Story »

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Roland F. Hirsch
4.1
 by Roland F. Hirsch - Oct. 31, 2008

This opinion piece has considerable journalistic merit. It points out the dangers that the protectionist positions of Obama will have for the U.S. and world economies. The authors could have added that the Democratic Mayor of New Orleans pleaded with Congress to pass the Free Trade Agreement with Columbia as it would increase the flow of goods through his port to that country by $800 million. The authors accurately point out the fallacies in Obama's arguments about NAFTA.

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Roland's Rating

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3.0
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4.0
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4.0
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4.5
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4.0
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