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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10454)	3/19/2004 11:52:03 AM
From: CalculatedRisk	Read Replies (2) \| Respond to of 110194

"When goods are not allowed to cross borders, armies will." Frederic Bastiat A couple more for you: Conservative commentator Bruce Bartlett wrote this about Bush: “From the point of view of trade, it (Bush) is the worst administration since Herbert Hoover helped bring on the Great Depression by signing the Smoot-Hawley tariff in 1930.” nationalreview.com Centrist economist (strong free trade advocate) and liberal commentator Paul Krugman wrote this about Bush: "Free traders should be more worried by the prospect that the policies of the current administration will continue than by the possibility of a Democratic replacement." query.nytimes.com It is strange how the media has it backwards: Kerry is for Free Trade, and Bush is the Protectionist (not jobs, but corporate profits!) From the above article: Addressing those fears isn't protectionist. On the contrary, it's an essential part of any realistic political strategy in support of world trade. That's why the Nelson Report, a strongly free-trade newsletter on international affairs, recently had kind words for John Kerry. It suggested that he is basically a free trader who understands that "without some kind of political safety valve, Congress may yet be stampeded into protectionism, which benefits no one."