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Author Topic: President Obama to water down 'Buy American' plan after EU trade war threat  (Read 2752 times)

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Offline Chris_

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President Obama to water down 'Buy American' plan after EU trade war threat
« 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.”


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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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Offline JohnnyReb

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #1 on: February 04, 2009, 08:00:28 AM »
Butt....butt....but socialist Europe loves him?
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Chris_

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #2 on: February 04, 2009, 08:03:08 AM »
Quote from: JohnnyReb on February 04, 2009, 08:00:28 AM
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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Offline Karin

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #3 on: February 04, 2009, 08:03:47 AM »
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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Offline Carl

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #4 on: February 04, 2009, 08:05:57 AM »
Quote from: lug-nut on February 04, 2009, 07:55:59 AM


MORE

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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Offline JohnnyReb

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #5 on: February 04, 2009, 08:11:15 AM »
Quote from: Karin on February 04, 2009, 08:03:47 AM
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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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline crockspot

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #6 on: February 04, 2009, 08:16:14 AM »
Quote from: JohnnyReb on February 04, 2009, 08:11:15 AM
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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Offline jinxmchue

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #7 on: February 04, 2009, 08:22:34 AM »
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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Offline Chris_

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #8 on: February 04, 2009, 08:27:03 AM »
Quote from: crockspot on February 04, 2009, 08:16:14 AM
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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Offline formerlurker

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Re: President Obama to water down 'Buy American' plan after EU trade war threat
« Reply #9 on: February 04, 2009, 08:38:45 AM »
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.   


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