The Conservative Cave
Current Events => Breaking News => Topic started by: Chris_ on February 04, 2009, 07:55:59 AM
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President Obama to water down 'Buy American' plan after EU trade war threat
The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American†policy, intensifying fears of a trade war.
The EU threatened to retaliate if the US Congress went ahead with sweeping measures in its $800 billion (£554 billion) stimulus plan to restrict spending to American goods and services.
Gordon Brown was caught in the crossfire as John Bruton, the EU Ambassador to Washington, said that “history has shown us†where the closing of markets leads — a clear reference to the Depression of the 1930s, triggered by US protectionist laws.
Last night Mr Obama gave a strong signal that he would remove the most provocative passages from the Bill.
“I agree that we can’t send a protectionist message,†he said in an interview with Fox TV. “I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade.â€
MORE (http://www.timesonline.co.uk/tol/news/world/europe/article5655115.ece)
Ah. The Europeans hand the Rookie his a$$. Then the Rookie apologizes for it. Better get used to it, because this will be repeated often for the next 4 years.
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Butt....butt....but socialist Europe loves him?
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Butt....butt....but socialist Europe loves him?
I'm really surprised he didn't offer to just send them a cargo ship full of cash to make up for it. :banghead:
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If zero had bothered to stay awake during history class, he would have known that the Smoot Hawley Tariff Act was one of the major contributors to the GD. This is the brilliant genius who went to Harvard? When these lefties fall all over themselves with "he went to Harvard!" I just roll my eyes. I worked with a guy who got a masters from Harvard. He was no smarter than me (and didn't pretend to be).
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MORE (http://www.timesonline.co.uk/tol/news/world/europe/article5655115.ece)
Ah. The Europeans hand the Rookie his a$$. Then the Rookie apologizes for it. Better get used to it, because this will be repeated often for the next 4 years.
Yep,4 years of arrogant naivete stumbling and bumbling about in a world of adults and unpleasant realities that political idealism can`t control.
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If zero had bothered to stay awake during history class, he would have known that the Smoot Hawley Tariff Act was one of the major contributors to the GD. This is the brilliant genius who went to Harvard? When these lefties fall all over themselves with "he went to Harvard!" I just roll my eyes. I worked with a guy who got a masters from Harvard. He was no smarter than me (and didn't pretend to be).
Harvard: Americas premier school for the mentally retarded. :loser:
Yeah, yeah, I know who else went there.
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Harvard: Americas premier school for the mentally retarded. :loser:
Yeah, yeah, I know who else went there.
You can always tell a Harvard man, but you can't tell him much.
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What a friggin' wuss! A little backlash from non-Americans over something innocuous and he collapses like a house of cards.
No, wait. That's not strong enough.
...and he bends over like the new prison bitch.
That's better.
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You can always tell a Harvard man, but you can't tell him much.
The REAL problem is they have all these "enlightened" ideas that they cannot understand simple facts.
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See, this is where those coffee shop theories meet actual practice and disaster ensues. He spent his life discussing dreams with the nuanced, and after a while they started to really believe the nonsense dialogue they spew.
Reality will kick your ass every single time. Obama has been president for two weeks and if he keeps this up, he will initiate a lame duck administration by the end of the year....
Pelosi has to be on a tear over this stuff. The DNC will pay dearly for not grooming him properly before setting him loose.