Sunday, February 1, 2009

Obama's lethal game of beggar-thy-neighbour

The ‘Buy America' policy, proposed by the most protectionist Congress in memory, is a piece of disastrous economic folly

The talk at Davos is grimmer this year than last - grimmer, but also better focused. The causes and extent of the financial crisis are better understood, though the hunt is still on for ways to stop the rot penetrating the global economy. It helps, too, that some fancy theories have bitten the dust….

Read more Obama's lethal game

Source: times online

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