Comments
Now, this is rich: Timothy Geithner and the rest of the G7 ministers this morning warned against the pernicious effects of protectionism and pledged not to engage in that destructive practice. This, barely hours after the United States Congress passed a stimulus bill with a protectionist “Buy America” clause that President Obama is sure to sign.
See my New Atlanticist piece “G7 Ministers Reject Protectionism While Governments Commit It” for more.
Categories
Tags
There is a minor difference, between a gov’t saying it will have a preference for buying American made products on the market, and saying it will raise the tarriffs on whatever products cross it’s borders.
One says we want Americans to work (who will then spend their money any way they see fit), the other says “We don’t want anybody else to work.”
Really James, this is not protectionist. This is about getting Americans back to work, so they can spend their money as they see fit.
