Obama facing dilemma over protectionism in bill
Jan 31, 8:01 AM (ET)
By DESMOND BUTLER
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WASHINGTON (AP) – Less than two weeks into office, President Barack Obama faces a dilemma over protectionist provisions in a massive economic stimulus bill: Backing the measures could set off a trade war, while opposing them could trigger a backlash from his supporters.
The choice involves “buy American” provisions attached to White House-backed stimulus legislation moving through Congress. They would require major public works projects to favor U.S. steel, iron and manufacturing over imports.
Some Democratic lawmakers and interest groups allied to the president support the measures, but international allies and trading partners are warning that favoring U.S. companies would breach U.S. trade commitments and could set off tit-for-tat countermeasures around the world.
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What bunch of idiots we have in Congress.
Did anyone read about the Great Depression and Smoot Hawley?
The mere passage of that was the trigger that set off the Great Depression. That didn’t end until WW2.
How stupid are they?
Warm up the lines to the congress critters!
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