Comments on: G7 Ministers Warn Against Protectionism

By: Web Smith

Web Smith — Sun, 15 Feb 2009 21:18:42 +0000

Do you really want these guys who have proven beyond a doubt that they can't manage money managing your money?

By: markm

markm — Sun, 15 Feb 2009 03:36:10 +0000

I understand that the "buy American" part was greatly diluted after the Europeans protested and threatened a trade war.

Heh, I thought it was slashed completely after the Euro's/Canada protested...though I read a piece yesterday about the Canadians promoting a "buy Canadian" bill of some sorts.

By: Franklin

Franklin — Sun, 15 Feb 2009 03:25:41 +0000

Yup, it was weakened from a requirement to a suggestion, thankfully. I'd prefer nothing as well, but the unions gotta get something for their vote.

By: tom p

tom p — Sun, 15 Feb 2009 02:14:16 +0000

There is a minor difference, between a gov't saying it will have a preference for buying American made products on the market, and saying it will raise the tarriffs on whatever products cross it's borders.

One says we want Americans to work (who will then spend their money any way they see fit), the other says "We don't want anybody else to work."

Really James, this is not protectionist. This is about getting Americans back to work, so they can spend their money as they see fit.

By: Choey

Choey — Sat, 14 Feb 2009 23:31:40 +0000

I understand that the "buy American" part was greatly diluted after the Europeans protested and threatened a trade war.

By: yetanotherjohn

yetanotherjohn — Sat, 14 Feb 2009 18:18:54 +0000

I suspect that Tim's answer to his tax problems will be applied here and fully satisfy the others in the G7 ... "I forgot".

By: Dave Schuler

Dave Schuler — Sat, 14 Feb 2009 17:09:30 +0000

You beat me to it, James. I was going to post on the close of the G7. I may yet.