Archive for the ‘Baack Obama’ Category

Obama Caught Between World Leaders, Congress, U.S. Voters on “Buy American”

February 4, 2009

Since he became President of the united States, what world leader gave Barack Obama real substantive advice?  Arguably, Hu Jintao of China, who cuationed the president about the “buy American” provision in the economic stimulus plan.

Buy American sounds good to many voters, as they watch jobs go away, local industries close and Wal Mart fill with foreign made good that used to be “made in America.”

But to President Hu in China and Angela Merkel in Germany and a host of other world leaders, “buy American” is protectionism, a hinderance to world trade and a violation of just about every international free trade agreement.

Nancy Pelosi and her House colleagues put buy American into the stimulus, and judging from radio call in shows most Americans buy it.

So President Obama will have yet one more challenge to ecplain why “buy American” is not good for the U.S. and the world…

Related:
Obama cuts ‘Buy American’ plan after EU trade war threat

 Dallas Federal Reserve Chief, China, Germany All Call Protectionism “Death”

 Economy Sparking Protectionism, Global Trade Disputes?

“Buy American” Sounds Good; Carries An Unbearable Down Side

 Obama Forced to Rethink “Buy American” in Stimulus After Hits from China, Germany, Others

 China, Germany Both Pressure Obama on Protectionism

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