…steeling for a fight? On NBC’s “Meet the Press” Feb. 1 Senators John Kerry (D-MA) and Kay Bailey Hutchison (R-TX) discussed the Congressional stimulus packages. Neither of the senators, nor host David Gregory, once mentioned the protectionist measures in the House and Senate bills. The “Buy American” issue also did not come up in the following round table discussion.
Then, on CNN’s “State of the Union,” the matter was equally by ignored by Senators Dianne Feinstein (D-CA) and John Ensign (R-NV), as well as by host John King. Canada and the rest of the world are going to have a hard time changing American political minds.
At least there was this op-ed in the NY Times:
If We Buy American, No One Else Will
It’s just that it mentions China, Japan and India–but not Canada. At least we do get noticed in this Washington Post “analysis” of the issue–in the thirteenth paragraph:
Out of Gaps In Treaties, First Salvos Of Trade War
Update thought: Pulling our military mission out of Afghanistan certainly won’t do much for whatever leverage we have with the new administration.
Upperdate: The EU chimes in; that may make Congress take some notice of the issue (the BBC story remarkably also gives the Canadian angle considerable space):
EU attacks ‘Buy American’ clause
The EU has increased its pressure on the US to reconsider the “Buy American” clause in the $800bn (£567bn) economic recovery package now before Congress…
Uppestdate: A nice post by Colby Cosh:
Protectionism makes no sense
When in university I wrote an essay that, amongst other things, dealt with Latin American efforts to protect “infant industries“. I still can’t see any real successes there (though Japan, South Korea and Taiwan seem to have made the strategy work–Confucianism or something). Embraer’s success, beyond good design, has been a result of subsidies, not protection–just like Bombardier.