PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (357033)	2/10/2003 3:56:46 PM
From: Skywatcher	Read Replies (1) of 769670

http://hsgfx:reciprocal@www.hussman.com/hussman/members/updates/latest.htm ...One of the disturbing features of the current economic and political climate is the willingness of our Administration to plunge the U.S. into international isolationism. Beyond the predictable political consequences (radicalizing first-tier enemies, amplifying anti-American sentiment, and proliferating exactly those weapons we seek to contain), there is one particularly acute economic risk to this, which is the ease with which U.S. isolationism could trip the economy into a depression... By pursuing a stance that isolates the U.S. internationally... we pursue a stance that threatens the continued inflow of foreign capital at a time when it is central to our economic stability. The potential effect of a chill on foreign capital inflows could mirror the consequences of our retreat into protectionism during the Depression.

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