February 5, 2009
SUMMONING HIS INNER GOOLSBEE:
Obama Disavows Trade War with Europe: Responding to criticism of the Buy America clause in the $900 billion stimulus package, the President said he was eager to avoid being protectionist (Andrew Willis, 2/04/09, Business Week)
After a flurry of European criticism concerning a 'Buy America' clause contained in the almost $900 billion stimulus plan, US president Barack Obama said Tuesday (3 February) that he is keen to avoid a trade conflict.
"I think we need to make sure that any provisions that are in there are not going to trigger a trade war," he told TV network ABC.
"I think it would be a mistake though, at a time when worldwide trade is declining, for us to start sending a message that somehow we're just looking after ourselves and not concerned with world trade," he told Fox News in a separate interview.
The response comes after mounting European criticism of the proposed measure that would prohibit foreign steel companies bidding for US infrastructure contracts financed by the stimulus plan.
The Judd Gregg appointment--and replacement in the Senate by a Republican--reflects a recognition that the new President's most important fights are against his own party. Posted by Orrin Judd at February 5, 2009 7:54 AM