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Old 02-14-2009, 03:25 PM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,282,975 times
Reputation: 871

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Congress Approves Protectionist Measure That Could Spark Trade War

Major partners, including the European Union and Canada, say the legislation favoring U.S. steel, iron and manufactured goods for government projects could undermine pledges by the leaders of major economies not to resort to protectionism during the world economic downturn.

"In several television interviews last week, he [Obama] said the stimulus package should not include protectionist language that could trigger a trade war. But now that it does, he is likely to sign it anyway. The measures appear, however, to give the administration discretion about how to implement spending decisions, given the requirement of meeting trade obligations."

Congress Approves Protectionist Measure That Could Spark Trade War - Presidential Politics | Political News - FOXNews.com (http://www.foxnews.com/politics/elections/2009/02/13/congress-approves-protectionist-measure-spark-trade-war/ - broken link)
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Old 02-14-2009, 09:26 PM
 
1,020 posts, read 2,524,676 times
Reputation: 553
Oh my ****ing God, these politicians are TRULY stupid. It proves my point: just because you have an Ivy degree doesn't mean you're not an idiot. Did they sleep through history class, or just not go? Everyone (who is decently versed in history) knows that protectionist measures made things worse during the depression. They just love repeating mistakes....
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Old 02-14-2009, 09:38 PM
 
Location: Denver
690 posts, read 2,102,314 times
Reputation: 356
Hmm...I wonder. Maybe they're just protecting the industries that their Ivy League classmates work in right now?
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Old 02-14-2009, 09:47 PM
 
1,552 posts, read 3,157,284 times
Reputation: 1268
Quote:
Originally Posted by runningncircles1 View Post
Oh my ****ing God, these politicians are TRULY stupid. It proves my point: just because you have an Ivy degree doesn't mean you're not an idiot. Did they sleep through history class, or just not go? Everyone (who is decently versed in history) knows that protectionist measures made things worse during the depression. They just love repeating mistakes....

i used to think they were stupid, then i realized that many were intelligent and complete theives
we make the mistake of thinking that they act in our best interests which is rarely the case
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Old 02-14-2009, 11:33 PM
 
20,568 posts, read 19,222,852 times
Reputation: 8164
Quote:
Originally Posted by bxlefty23 View Post
i used to think they were stupid, then i realized that many were intelligent and complete theives
we make the mistake of thinking that they act in our best interests which is rarely the case

Hi bxlefty23,

I believe this is absolutely the case. The depression makes it easier to steal because they have a cover. They are not trying to help us.
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