Impending Obama Victory Already Trashing US Trade, Economy
Hot Air flagged this issue all the way back in May. And yet somehow all the press reports about global adoration for Obama miss the crucial part where they're not going to trade with us any more:
Our No. 1 trading partner, Canada, isn't stupid. When Obama threatened last February to rewrite the North American Free Trade Agreement on his own terms, our northern ally started looking abroad to other markets. They found a big one in Europe, which seems to have few hang-ups about increasing exports and signing free-trade treaties. Last Friday, Canada and the European Union held the first talks toward an eventual free trade agreement between the two... Colombia is also preparing to sign a free-trade deal with Europe, as its own free-trade accord with the U.S. languishes after House Speaker Nancy Pelosi blocked it in Congress last April... Canada and Colombia are effectively defending themselves from the anti-trade vortex in the U.S. by turning to other markets.
The only thing populist Democrats like better than not understanding global economics? Taxing to death the few businesses that will be left behind:
I was going to close this post with some kind of heavy-handed joke about wanting to go into an induced coma for 4-8 years. But I'm not sure that's a procedure that my government-controlled insurance will approve, and I'm certainly not going to be able to afford it after our Democratic President and his Congressional supermajority get done with their tax plan.
References:
* Isolationism you can’t afford [Hot Air]
* Starting To Pay Price For Our Protectionism [IBD]
* Barney Frank: Spend More, Tax More [Ace]
Previously:
* Top Obama Adviser Explains Iraq War: Turns Out, It's The Jews' Fault. Again. (Plus: Ha'aretz Political Correspondent’s Pro-Obama Apologism Getting Increasingly Desperate)
* Textbooks About Obama's "Life Of Service" To The People Already Being Used To Indoctrinate Youth
* Obama: We Need To Start Sucking Up To Iran Right Now So We Can Get Out Of Iraq (Plus: Liberal American Jews Torn Between Old Anti-Israel Democrat And New Anti-Israel Democrat)
