Tuesday, August 19, 2008

Obama's Protectionist Pandering

The Obama campaign is taking Mc'Cain to task for not voting to exempt American companies from competition:



"But when it comes to his record, American-made motorcycles like Harleys don’t matter to
John McCain," a somber announcer says. "Back in Washington, McCain opposed a
requirement that the government buy American -- made motorcycles."
The ad
takes it a step further... "And he said all Buy American provisions were quote
'disgraceful.' Surprised? You shouldn't’t be. This is the same John McCain who
supported billions in tax breaks for companies who ship American jobs
overseas."


I don't want my tax dollars to be earmarked for American companies regardless of price or quality. If they can't compete in a global free trade economy, then they shouldn't get the business. Besides, the worst thing you could do for American business is to remove incentives to be more efficient.

No country has ever gone broke from free trade but plenty have from protectionist inefficiency (see: Soviet Union)

Once again, Obama shows that he is an economic simpleton.

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