by George Leef
Yesterday I copied in an open letter from Professor Don Boudreaux to Mitt Romney, attacking him for his campaign pandering over trade. Today, he blasts Barack Obama for the same thing:
17 September 2012
Pres. Barack Obama
Campaign Trail, USA
Dear Mr. Obama:
Speaking today in Ohio, you bragged that your administration brought unfair-trade complaints against China “at nearly twice the rate” at which George W. Bush’s administration brought such complaints. In other words, your administration…
… is nearly twice as active as was that of your predecessor at raising Americans’ cost of living by badgering suppliers to hike the prices charged on products such as consumer electronics, furniture, and footwear;
… has doubled-down on the Bush administration’s efforts to raise production costs for the many American producers who buy inputs such as zinc and oil-field-drilling equipment from Chinese manufacturers;
… is two times as likely to pander to the economically ignorant in order to grant special privileges to the politically powerful, all in efforts to prevent Americans from spending their money as they see fit.
And you’re proud of this record?
Donald J. Boudreaux
Professor of Economics
George Mason University