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EU warns Obama on protectionism in stimulus bill

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posted on Feb, 3 2009 @ 07:21 AM
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EU warns Obama on protectionism in stimulus bill


www.kvoa.com

His concern centers on "buy American" provisions that are in the not-yet-approved bill.

Those provisions would require major public works projects to favor U.S. steel, iron and manufactured goods over imports.

The EU says that could start a trade war at a delicate time for the world economy, and also lead to retaliatory measures that only end up undermining the stimulus package.

(visit the link for the full news article)




posted on Feb, 3 2009 @ 07:21 AM
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get out of the UN, tell the EU to KMA, and keep the holster safety unlocked.

If the EU thinks it has the right to dictate US legislation, I say draw a line in the dirt with our spurs, and get ready for a gun fight.

They, the feiners of special olympians across the pond are so pompus to have the gall to warn "threaten" us?

I say talks cheap, (as we know from Congress and the Executive branch)

Come get some.

www.kvoa.com
(visit the link for the full news article)



posted on Feb, 3 2009 @ 06:16 PM
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Originally posted by imd12c4funn


get out of the UN, tell the EU to KMA, and keep the holster safety unlocked.

If the EU thinks it has the right to dictate US legislation, I say draw a line in the dirt with our spurs, and get ready for a gun fight.

They, the feiners of special olympians across the pond are so pompus to have the gall to warn "threaten" us?

I say talks cheap, (as we know from Congress and the Executive branch)

Come get some.

www.kvoa.com
(visit the link for the full news article)


Maybe you don't realise it yet, or maybe you are just blinded by your nationalist fervour, but you live in a country with a government that has been extolling the virtues of 100% "free and open markets" for decades now, and has vehemently criticised every nation that has adopted protectionist measures. In fact it routinely criticises China for such things and did so during the negotations with Australia for a "free trade agreement" which ended up causing damage to sectors of Australian business and life as it was forced to make concessions, concessions which the US did not make. In fact it made clear from the start of those negotiations that entire sectors of the US economy would be "off limits" from trading yet it criticised the Australians for attempting to protect some of its own sectors, like agriculture.

You should open your eyes! This isn't the EU "warning" or "threatening" the US, it is the EU promoting the very same standards the US government has promoted for decades.

The fact that it isn't living up to its own standards shows the hypocrisy of the ideology that is prominent in the United States. The fact that citizens of the US behave in such a strong nationalistic and negative way upon hearing about shows their ignorance of the economic system that their government has been building! This is YOUR "free market"! The one that YOU built! Stop violating the system that you built and other powerful economies won't have reason to punish your hypocrisy (as it should be)!

I think its especially ridiculous that you are making statements promoting war, and warlike actions, over the EU's well-justified stance on this. They are protecting the system that you created and now seek to violate. The US loves to negotiate concession-laden "free trade" agreements with small nations so they can exploit the economies of nations that could not exploit theirs, but it will not do so with an economy (the Eurozone) that actually COULD see growth from such a trade agreement.



posted on Feb, 3 2009 @ 06:20 PM
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I find it hilarious that Europe is having a problem with people here in the USA wanting to buy American goods.

Why would we NOT want to buy goods from the people that work here?



posted on Feb, 4 2009 @ 02:00 AM
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europe is warning us that is rich. let fifty american school kjids get out there slingshots and bb guns and france would surrender in 5 minutes. germany has no trason to be fearful because like italy they make some of the best cars in the world. and when he being obama was talking about buying american he didn't mean that as a slight on europe but on china and mexico. cut the man some slack he just got into office and is trying to save us from clinton bush mess.



posted on Feb, 4 2009 @ 02:14 AM
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Well, here's a big test to see if change has actually made an appearance in Washington. So far, since the inauguration, every time someone has stepped up to the lectern to introduce the next guest, change has fidgeted in its seat, expected to be called upon, and then slumped back into its chair as some other, more familliar name was called up on stage. If change has actually come to Washington DC, now is the time to show it by Barack Obama giving not just his right middle finger, but both his right and left middle fingers and possibly following it up with a very appropriate swift upward gesture with his middle finger while bringing his left arm down into the crook of his right elbow, all directed at the EU, UN, and anyone else who presumes the right to say jack squat to us on issues of US sovreignity. Otherwise, he continues to represent no change whatsoever.



posted on Feb, 4 2009 @ 02:36 AM
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Thread on this already located here:

www.abovetopsecret.com...

And I think it's a bloody disgrace that the American's caused this global mess and now want to close ranks and screw the rest of the world.



posted on Feb, 4 2009 @ 03:54 AM
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Originally posted by Frankidealist35
I find it hilarious that Europe is having a problem with people here in the USA wanting to buy American goods.

Why would we NOT want to buy goods from the people that work here?

Read what Yazman said, that's why


Well what goes around comes around, America is feeling the taste of it's own wrath.



posted on Feb, 4 2009 @ 03:54 AM
link   

Originally posted by Frankidealist35
I find it hilarious that Europe is having a problem with people here in the USA wanting to buy American goods.

Why would we NOT want to buy goods from the people that work here?

Read what Yazman said, that's why


Well what goes around comes around, America is feeling the taste of it's own wrath.



posted on Feb, 4 2009 @ 03:58 AM
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Originally posted by Frankidealist35
I find it hilarious that Europe is having a problem with people here in the USA wanting to buy American goods.

Why would we NOT want to buy goods from the people that work here?



Sure, go ahead, I am sure you wouldn't mind if the EU would do the same, or rather, forbid imports from the US at all?


Most economists agree the Depression began with the U.S. stock market crash of 1929, but it took Reed Smoot and Willis Hawley to really make it "Great."

The two U.S. politicians sought to protect U.S. workers from cheaper European imports and in July 1930 wrote a bill that hiked tariffs on 20,000 imported goods.

In one sense, it worked great.

The U.S. State Department says the Smoot-Hawley Tariff was responsible for imports from Europe declining from a 1929 high of $1.3 billion to just $390 million in 1932.

As for protecting the American worker, unemployment was at 7.8 per cent in 1930 when the bill was passed, but jumped to 25.1 per cent by 1933. U.S. exports to Europe fell from $2.3 billion in 1929 to $784 million in 1932.

Canada didn’t even wait for the Smoot-Hawley to pass before it retaliated. In their book International Economics In the Age of Globalization, authors Wilson Brown and Jan Hogendorn say Canada put new duties on 16 U.S. imports to Canada, affecting about 30 per cent of cross-border trade. A month after the bill was passed, 125 products were hit with new or higher tariffs, and Canada looked to Britain and the Empire for new markets.

Now Smoot and Hawley are back.

On Monday, International Trade Minister Stockwell Day compared the provisions in the new U.S. stimulus bill to the pair.

As written, the bill would require major public works projects to favour U.S. steel, iron and manufactured goods over imported ones.

Canada sells about $11-billion worth of steel to the U.S. every year, and Day worries other U.S. industries will lobby for similar protections. Although he says he’s “cautiously optimistic” the U.S. will back down.

"Their awareness of our concern, and wanting to do something, appears genuine at this point. And we'll just keep working closely with them," Day said.

"The last thing we need now is a retaliatory trade war."

It’s an issue that forces politicians to a tough place. Whatever benefits they see to their own economies from freer trade, they must be responsive to the voters who don’t necessarily appreciate the exquisite market forces that move their jobs overseas or flood their markets with cheap foreign grain.

British Prime Minister Gordon Brown may champion "British jobs for British workers" at a Labour party conference, but he was in a tough position this week when thousands of British workers went on wildcat strikes, protesting the use of cheaper Italian and Portuguese workers by British contractors.

Still, the laws of the European Union seem quite clear: they allow for free movement of labour.

Source



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