Saturday, January 31, 2009

Obama's difficult decisions begin.


Package of economic incentives in Washington - "Buy American provisions now before the Senate, Barack Obama toxic young administration, a major test for the currency". Finally, tariff protection for workers and their own country's economy would suffer in order to avoid the fall; Mr. Obama said the U.S. recovery and reinvestment act infected bar protectionist clause must find a way. But politically, it may be impossible. Mr. Obama's vote, workers in manufacturing in the Midwest, but many of those working in the recession of the president has to give out.

"Buy American", but in violation of the North American Free Trade Agreement, Mr. Obama has threatened to renegotiate, or to tear NAFTA, to protect it does not have a quota. Related Articles and the protectionist provisions in the bill by the Democratic party will put the rector. President time to take the difficult decision that's been said. "This is one of them. The motivation for the package, which we strongly support protectionist measures economists were disappointed by the lies. "It is a very bad in the bill seems", economist Brad Delong, the Clinton administration on trade issues in the work and the University of California, Berkeley to teach. Government of Canada to say "pressure", they really want to do this? Is important."

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