Hooray for common sense!

Obama opposes protectionist “Buy American” provisions in the stimulus bill

The current Buy American language in the stimulus bill requires only that the government spend funds in ways that do not violate U.S. trade agreements.

Initially, the House bill restricted spending to American-made iron and steel, while the Senate version went even further, mandating that “all manufactured goods” in construction projects come from U.S. producers.

But in interviews last week, Obama came out against provisions that “signal protectionism.”

“I think that would be a mistake right now,” he told ABC News. “That is a potential source of trade wars that we can’t afford at a time when trade is sinking all across the globe.”

[link thanks to Alarming News]

Advertisements

About marypmadigan

Writer/photographer (profession), foreign policy wonk (hobby).
This entry was posted in domestic politics. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s