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Americans Already Suffering from the Left's Protectionism
Posted By Conn Carroll On November 26, 2008 @ 11:33 am In International | Comments Disabled
Throughout the presidential campaign Barak Obama apologists like Fareed Zakaria  hoped that Obama was just lying to the American people about his protectionist stances on trade, and that if elected Obama would prove to be every bit the free trader that Presidents Bill Clinton and George Bush have been. We still hold out hope that Zakaria is right on that count.
The same cannot be said of Speaker Nancy Pelosi. This summer Pelosi single handily destroyed over three decades of U.S. credibility on trade by gutting the “fast track” guarantee key to U.S. Trade Promotion Authority.  Since Pelosi killed the U.S. – Colombia FTA, Colombia has since signed free trade deals with both Canada  and China . Now those countries goods will automatically be less expensive then similar American goods. As the Wall Street Journal notes: ” If the United Auto Workers thought their Caterpillar exports were losing global ground before, wait until they compete on this not-so-level playing field.”
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/11/26/americans-already-suffering-from-the-lefts-protectionism/
URLs in this post:
 Fareed Zakaria: http://www.newsweek.com/id/117841
 This summer Pelosi single handily destroyed over three decades of U.S. credibility on trade by gutting the “fast track” guarantee key to U.S. Trade Promotion Authority.: http://www.foundry.org/2008/04/18/american-leadership-on-free-trade-rip-april-10-2008/
 Canada: http://www.canada.com/ottawacitizen/news/story.html?id=9389e63a-138a-40ba-be8b-d8ba84b23543
 China: http://www.bloomberg.com/apps/news?pid=20601086&sid=aUPlYCKZQlOs&refer=news
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