Economic Policy FAIL

by Pejman Yousefzadeh on November 24, 2009

I recognize that some contentions in the world are controversial, but some contentions should be accepted without much resistance, if any. For example, one hopes that it isn’t too much to argue that an American-imposed international tax on financial transactions–courtesy of the Democratic party–will simply ensure that international financial activity will migrate to jurisdictions that are friendlier and less punitive in their tax policies.

One also hopes that it isn’t too much to argue that preventing American companies from having access to Colombian markets–another idea courtesy of the Democratic party–will only serve to help us lose the Latin American market in the long run, and will do nothing to bring about prosperity in the United States.

The only real question in my mind is why the majority party in Congress–the same one that holds the White House–insists on shooting the United States in the foot economically. I am sure these folks mean well. But they are plainly in over their heads.

Previous post:

Next post: