Saturday, March 21, 2009
Did "Hope and change" start a trade war over 97 Mexican trucks?
Our friends in Mexico don't like it. They tell me that Mexicans are angry with "Hope and Change" and the Dems' protectionist overreach in Washington.
I guess that change for the sake of change can be a bad thing!
We did warn our Mexican friends that "hope and change" was one gigantic "fairy tale", as Pres Clinton warned us during the primaries.
Pres Calderon doesn't like it either. He doesn't need a trade war on top of the other border war going on.
Moral of the story: This is what happens when you elect someone who owes millions of votes to the US labor unions. Also, beware of anyone who gets college students to jump and down and scream "yes we can"!
NRO has a great editorial today entitled Teamster Unilateralism:
"Obama has announced that he wants to avoid these sanctions by crafting a new trucking program that satisfies everyone; it seems to us that trying to have it both ways on trade is exactly what got Obama into this mess.
He can never satisfy the Teamsters, because their alleged safety concerns are a smokescreen for naked self-interest.
According to the conventional wisdom, Obama is not a protectionist at heart.
But unless he demonstrates an ability to rein in the protectionists in his own party, does that make any difference?"
Charles Krauthammer spoke for many of us today:
"If you thought the AIG hysteria was a display of populist cynicism directed at a relative triviality, consider this:
There are more than 6.5 million trucks in the United States.
The program Congress terminated allowed 97 Mexican trucks to roam among them.
Shutting them out not only undermines NAFTA.
It caused Mexico to retaliate with tariffs on 90 goods affecting $2.4 billion in U.S. trade coming out of 40 states.
The very last thing we need now is American protectionism.
It is guaranteed to start a world trade war.
A deeply wounded world economy needs two things to recover:
(1) vigorous U.S. government action to loosen credit by detoxifying the zombie banks and insolvent insurers, and
(2) avoidance of a trade war.
Free trade is the one area where the world indisputably turns to Washington for leadership.
What does it see?
Grandstanding, parochialism, petty payoffs to truckers and a rush to mindless populism.
Over what? Over 97 Mexican trucks....."
There you have it.
Pres Obama and the Dems have started a trade war over 97 trucks! Are these the same people who said that Pres Bush conducted a unilateral foreign policy?