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Campaign Tactic: Blame Foreigners and Ignore the Trade Deficit
By FLOYD NORRIS
Published: August 20, 2004
BLAME the foreigners.(NYTimes) That is a time-tested political tactic in America, and this year is no exception.
With the job outlook uncertain, protectionist winds are blowing. President Bush this week blasted European subsidies for Airbus, which has replaced Boeing as No. 1 in commercial jets.
“According to the report, the real cost to lease and purchase
tankers will be $5.7 billion more than the advertised price.”
“This current lease defies logic -- no fiscally responsible
person would enter a deal that would end up costing far more
to lease than to buy.”