Trade Follies

by Pejman Yousefzadeh on March 11, 2010


More people should be outraged over the fact that the Obama Administration has settled into a default protectionist stance on the issue of trade. Restricting trade will do nothing whatsoever to improve our economy; if anything, protectionism only increases the chances that we will experience a double-dip recession. And yet, the Obama Administration does not seem to be willing to do anything in order to further the process of trade liberalization.

Building an economic Fortress America has never brought us prosperity in the past. It is impossible to see how it will bring us anything resembling prosperity in the future. And it is impossible to see how an administration that says it is committed to improving the economy could be taken seriously when it allows protectionism to run rampant in U.S. trade policy.

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