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I think its clear that Obama has two problems: (1) He got jobs wandering out of the country. Regardless whether its Mexico or China. The educational level of these countries is rising fast and the lack in know-ho of them will last at best another 5 minutes.
(2) the other problem is that certain goods will not be produced anymore in the US. The car industry was close to hazard, but I guess there will be other products where a dependency on foreign products will exist. That's bad for competion. In other words the US could be dependent on foreign monopolies. Now, braindead Republican lunatics like Bush dont care for such cases. The rest of the population can rott in misery. Obama instead as a leftie may care for such cases. Now, he does. Well, its of cuz a bit nervy because Bush did nothing diffrent in the past 8 years but to decry protectionism and the change in politics is 180 degrees so the EU criticism is of cuz totally permitted as to say one could call this trespaassing what Obama does. But I think Obama has no other choice.
Tuesday, 3 February 2009
Obama intends to raise protectionism - EU criticism
Labels:
Democratic party,
economy,
eu,
GOP,
Obama administration,
protectionism,
US,
wto
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