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To: Stephen O who wrote (22657)	11/5/1998 8:12:00 PM
From: Wizzer	Respond to of 116756

If Canada can throw some of the old party bums out so can the US of A. Stephen, I am also a fellow Canadian. It has been interesting of late. Nobody ever knows for sure who is going to be elected. Hopefully, that will keep 'em honest, but I don't think so. I sense a lot of unrest in North America in general. How this will weigh on the finances of our respective countries will be something to watch. Regards, Wisam

To: Stephen O who wrote (22657)	11/6/1998 1:36:00 AM
From: Alex	Respond to of 116756

ANALYSIS: Clinton at crossroards of protectionism and liberalism By KAZUHIKO YAMASE Asahi Shimbun WASHINGTON--The remaining two years of President Bill Clinton's administration are expected to be marked by trade policy that sways toward either protectionism or liberalism depending on how the U.S. economy performs. The results of the mid-term elections were something of an endorsement for Clinton's policies. There is now a growing possibility that the push to impeach the president will lose some of its steam. But the global financial crisis and deflationary pressures have created opposition within the United States to the government's economic and trade policies. Although the U.S. economy is buoyed by fairly moderate consumption, the index of manufacturing activity has recently remained below the boom-bust line for five months in a row. The announcement of such figures prompted certain U.S. experts and businesses to call for protecting U.S. market from an onslaught of exports from Japan and elsewhere. The steel industry has already brought a dumping law suit against Japanese, Brazilian and Russian exporters The U.S. semiconductor maker Micron Technology also cited dumping claims against a Taiwanese manufacturer. Trade policy experts say similar moves may follow in the auto parts and machinery tools manufacturing sectors. U.S. business people have also started questioning the strong dollar policy pursued vigorously by Treasury Secretary Robert Rubin, saying it makes it harder to sell U.S. goods overseas. The chairman of a leading U.S. steel maker recently said that as long as the U.S. economy keeps expanding there is no objection to the U.S. market absorbing goods from overseas. But if the economy cools down, then the problem will become a political issue. A source close to the U.S. Commerce Department said that the department, which represents the interests of industry, and the Treasury Department will confront each other on how to deal with the issue of the growing U.S. trade deficit. Commenting on rumors that Rubin might resign, Clinton said on Tuesday that he has played an important role in making the U.S. economy thrive, and that the Treasury secretary wants to stay at his job for as long as possible. By making the statement, Clinton demonstrated his support for Rubin's economic policies. Rubin has promoted the inflow of international funds into the United States through his strong dollar policy. The strong stock and bond market that has been achieved as a result brought the growth and low inflation which the U.S. economy has recently displayed. But House Democratic leader Richard Gephardt, who is expected to become a strong contender to Vice President Al Gore for the presidential nomination in two years, has the firm backing of labor unions, which advocate a protectionist trade policy. Clinton may possibly adopt some measures to try to lower the U.S. trade deficit in order to win favor with unionists.