Greg's View of Todays News - 02/19/2009

• Move towards protectionism worries Crean - ABC News

  Federal Trade Minister Simon Crean says he is increasingly worried about moves towards protectionism as a result of the global financial downturn.

  
  

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    • This is a bit like carbon trading - if we do it and the others don't, we are at an economic disadvantage.
    
    
    • With protectionism, if any government puts it's workers jobs in jeopardy, they had better expect rebellion of its workers.
      
    
    
    • Obama's move to buy American is the right thing to do by the American people - so what if other countries don't like it. Obama's job is to manage his own country.
    
    
    • Would we stand still if Kevin Rudd allowed foreign workers in to do our jobs for half the pay. Not bloody likely. - post by gnaylor
    
    
  • "If America starts closing off its markets for steel, why doesn't Korea, Japan, all of those countries start closing off markets to America?

• Posted from Diigo. The rest of my favorite links are here.