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Politics : Politics for Pros- moderated
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To: D. Long who wrote (211966)7/13/2007 5:24:07 PM
From: Bill Ulrich   of 793989
 
His (Ron Paul's) weakness is confusing free trade and sovereignty concepts. One thing that really set him off was the 2004 tax bill repealing Foreign Sales Corporation (FSC) tax credits. To him, it was "a French Socialist", EU Trade Commissioner Pascal Lamy, dictating to Congress our domestic tax policies. This is where he picks up his "loss of sovereignty" rhetoric. He's confused here because it's not really EU dictating to Congress -- not a loss of sovereignty. We don't have to abide by WTO obligations if we're happier to live with the economic sanctions imposed as a consequence.

That said, it's "more fair" (and manageable) at a global level to have a set of uniform sanctions, rather than a wildly, all-over-the-map set of them imposed by individual countries (for all-over-the-map accompanying reasons), as likey would be sans WTO.
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