Even Europe gets nervous over Obama, Hillary - by - by Ed Morrissey
After several years of openly pushing Americans for a change in Washington, Europe may have second thoughts, especially on trade. The EU’s trade commissioner has kept watch on the campaign rhetoric from Hillary Clinton and Barack Obama and sees disaster on the horizon. Peter Mandelson told the BBC that the protectionist policies of both campaigns would be a disaster for the global economy. Both Democrats have raced to the populist Left after John Edwards flamed out of the race, and their rhetoric centers on a new isolationism. Democrats accuse the Bush administration of being the incarnation of Herbert Hoover on economics, but ironically champion the same kind of blindness that led Hoover to turn a possibly containable financial collapse into the Great Depression. His protectionist policies, intended to protect American jobs, instead melted down the entire global economy as nations quickly erected their own barriers of tariffs in response.
No comments:
Post a Comment