Actually, FDR is the father of our current Free Trader Globalism. It was FDR who organized Bretton Woods....it was FDR that started GATT (now called the WTO) as a agency under the United Nations....all the current Free Trade nonsense all goes back to FDR
Free Trader Globalists are so busy trashing Herbert Hoover...because they cannot admit that their economic theory goes lock step with FDR. Free Traders are our modern New Dealers
Where do you think Ronald Reagan fits in all this? He started and negotiated the Uruguay Round.
“Actually, FDR is the father of our current Free Trader Globalism. It was FDR who organized Bretton Woods....”
One thing that Hoover/FDR didn’t have to contend with was an astronomic trade deficit and a multi-trillion dollar debt owned by a Communist Country that, in a whim, could implode our economy in a debt dump.
If any of our “lien” holders decide it is no longer prudent to hold the monstrous debt of our country and consequently no longer deems the dollar as having any value as a standard of security, then we are history.
Obama’s desire to placate the unions and other special interests by placing arbitrary tariffs on “friendly” trading partners is pretty stupid. I guess we should of thought of that when we pushed for Favored Nation treatment of China and the consequent support of their entry into the WTO.
It is kind of ironic that most of the big tire manufacturers’ factories are sitting in China. You can’t change the rules in the middle of the game...especially when you are no longer holding the cards.
The WTO will settle this against the USA and Obama will be off the hook with the unions because..well, shoot he tried to protect them<<<<sarc