Article

2009-02-18 Great White North

Obama wants to reopen NAFTA but keep trade flowing

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Posted by Steve White 2009-02-18 00:00|| || Front Page|| [2 views ] Top

#1 A bigger worry is Canadian natural gas, which can't be replaced from other sources.

Posted by phil_b 2009-02-18 00:50|| 2009-02-18 00:50|| Front Page Top

#2 Isn't it great how Bambi is winning friends all around the world for us?

Soon the whole world will love him just like less than half of us already do.

Posted by SteveS 2009-02-18 09:02|| 2009-02-18 09:02|| Front Page Top

#3 President Barack Obama said on Tuesday he still wants to reopen the North American Free Trade Agreement, despite a warning from Canada that this would be a mistake

If NAFTA is such a good trade deal then why does Canada warn that it would be a mistake to reopen NAFTA. I have never thought these trade agreements were good--just Clintonian politics that gave away jobs. NAFTA is not free trade.

Posted by JohnQC 2009-02-18 09:08|| 2009-02-18 09:08|| Front Page Top

#4 He badly needs Japanese and Chinese Kissenger and Associates coordinated bond dollars in order to finance his bailout schemes. If they think for a moment he's going to shut down their offshore Walmart operations, he's doomed. No tickie, no ride. Their unemployed people come first. His "Made in America" slogans are only a ruse for the little people. He knows better, so does Rahm, Manderin speaking Giethner, Paulson and the other scoundrels.

Posted by Besoeker 2009-02-18 09:14|| 2009-02-18 09:14|| Front Page Top

#5 He knows better...

Just like the scorpion who still stabs the frog in the middle of the crossing, because it's the scorpion's nature.

Posted by Procopius2k 2009-02-18 12:44|| 2009-02-18 12:44|| Front Page Top

#6 If NAFTA is such a good trade deal then why does Canada warn that it would be a mistake to reopen NAFTA.

Because renegotiation would mean every special interest trying to get (more) special provisions and exemptions. And that's doubly true in a recession.

There are enough stupid provisions in the current agreement. Renegotiation would add yet more.

Obama could well trigger rounds of retaliatory protectionist measures, just like in the Great Depression.

Posted by phil_b 2009-02-18 19:27|| 2009-02-18 19:27|| Front Page Top

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