I'll Make This Short And Sweet
By Pejman Yousefzadeh Posted in Barack Obama | Economic Antediluvianism | Economy | Free Trade | Hillary Clinton | Protectionism — Comments (2) / Email this page » / Leave a comment »
Hillary Clinton accuses Barack Obama of being excessively pro-free trade.
Meanwhile, Barack Obama accuses Hillary Clinton of being excessively pro-free trade.
And while all of this goes on, world trade growth suffers:
World trade growth declined sharply in 2007 and is expected to slow further this year as financial turmoil and rising commodity prices further depress global economic activity, the World Trade Organisation said on Thursday.
Preliminary estimates suggest the volume of world trade rose 5.5 per cent in 2007, down from a robust 8.5 per cent in 2006.
Based on the latest gloomy global output forecasts by the International Monetary Fund, the WTO says trade growth this year could slip to 4.5 per cent, the lowest since 2002.
The candidate who can work to reinvigorate world trade will be the one who helps implement policies designed to bring about greater prosperity. Too bad that Clinton and Obama are too busy trying to define themselves as the anti-prosperity candidate.
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I'll Make This Short And Sweet 2 Comments (0 topical, 2 editorial, 0 hidden) Post a comment »
that NAFTA came about under President Clinton, and was only possible because their hero Al Gore destroyed Ross Perot on TV over it? As I recall, Gore compared NAFTA to the Louisiana Purchase in terms of significance to the future of the country.
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....breaking trade agreements with our allies in the general election? Even lefty papers like the WaPo and the NY Times have editorialized against that position.
“.....women and minorities hardest hit”