Protectionism

Investors.com – Skewed Priorities

Service Employees International Union boss Andy Stern, who told the Wall Street Journal that if the power of persuasion didn’t work, then the persuasion of power would have to do. The records show Stern had 22 meetings, many face-to-face with the president, more than anyone else known so far. Stern might as well borrow a White House bedroom.

And that may be why the president has been so solicitous of union demands at the expense of the economy. As the jobless rate hits 9.8%, unions have managed to persuade the president to impose tire tariffs, violate the NAFTA treaty with Mexican truck restrictions, place protectionist “Buy American” limitations on federal contracts, and ice Colombian, Panamanian and Korean free trade treaties. Stern’s union has also harassed banks that took bailouts, making one wonder if a sort of Cuban or Venezuelan revolutionary mob activity against business has the White House imprimatur.

While Stern gets what he wants from the White House, the released visitors list shows no record of huddling with U.S. Trade Representative Ron Kirk, whose trade pacts could create 600,000 jobs if ratified, according to the U.S. Chamber of Commerce.

read the rest here… Investors.com – Skewed Priorities.

Europe Thumps U.S., Again – WSJ.com

On present trends, most of Europe will soon have lower income tax rates than most of America. And now the European Union is stealing another competitive march on Washington, this time on a free trade deal with the world’s 13th largest economy, fast-growing South Korea.

Last week Brussels and Seoul finished the outline of a new trade agreement, and the two sides will now write up the technical language to codify it. As for the pending U.S.-Korea trade agreement, Congress has done . . . nothing.

via Europe Thumps U.S., Again – WSJ.com.

Obama’s curiously close labor friendship – Los Angeles Times

No wonder Barry won. With hundreds of groups with thousands on the streets and the conservative side working to feed their families and those of the Barry volunteers, no wonder Barry marketing machine won. Curious thing I always like to point out… He won by

The SEIU spent $60 million to help elect Obama, according to the union. Stern said the group deployed 100,000 volunteers during the campaign, including 3,000 who worked on the election full time.

via Obama’s curiously close labor friendship – Los Angeles Times.

George F. Will – The Toxic Assets We Elected

George F. Will – The Toxic Assets We Elected.

“The Obama administration yesterday invited private-sector investors to become business partners with the capricious and increasingly anti-constitutional government.”