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  • Obama Leaderless on Trade

    The US’s largest trade and business groups yesterday released a letter, calling on the Obama administration to “make the case” for free trade. From the letter: “We need to revitalize our export and international trade leadership by moving forward on multilateral, regional and bilateral market-opening opportunities.” The Financial Times goes on to report:

    The letter, which is signed by the presidents of the US Chamber of Commerce, the Emergency Committee for American Trade, the Business Roundtable, the National Foreign Trade Council, the National Association of Manufacturers and the United States Council for International Business, calls on Mr Obama to explain the benefits of trade deals to the US electorate.

    “Until now the Obama administration has been entirely reactive on trade,” said Calman Cohen, head of the Emergency Committee for American Trade. “Instead of proposing trade initiatives it has ceded leadership to Congress, which has adopted market closing rather than market opening initiatives, such as the buy American provisions in the fiscal stimulus package.”

    Posted in International [slideshow_deploy]

    5 Responses to Obama Leaderless on Trade

    1. Pingback: » Financial News Update - 08/06/09 NoisyRoom.net: Where liberty dwells, there is my country…

    2. Craig Hawkins says:

      Why would anyone expect a promotion of free trade with the world, that would actually enhance the positions of our businesses here in the U.S. ? The longer Obama overlooks world trade the more chance U.S. businesses have of making some deals that could help our economy. If there's anything left for the shopkeeper to call profit when this administration is done with us THEY WOULD BE PROUD TO GIVE IT AWAY TO DEVELOPING NATIONS IN ORDER TO " rebuild our trust " and quench the fire of terrorism (go to whitehouse.gov/homeland security). "WE THE PEOPLE" already know that giving away the store to developing nations makes them hate us more than ever, but we are stupid !!

    3. jim sardis,ms says:

      obama,is only a puppet to the puppet master George Sorus.he is clueless about anything except who he has to repay for buying his presidency.a community organizer and left extremist radical is the last thing we needed to run America.

    4. John, California says:

      The White House shouldn't be a place where the President needs training wheels to learn the basics. If he can't come to Washington with the basics then he should stay home. How did Obama get in the front door?

    5. John, California says:

      After spending A billion dollars on his election Obama didn't spend a dime on becoming educated about what it takes to run the country. I would have to agree that Obama makes this country the laughing stock around the world because of his shallowness and incompetiency. When Obama opens his mouth the world laughs!

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