The Telegraph reports that President Obama’s ‘rescue package’ is well and truly dedicated to protecting jobs in the USA – and only the USA. And good luck to them.
This after all is in line with his policy during both his nomination and election campaigns. It does of course beg the question: Why were the Euro Left so besotted with him?
As the Telegraph points out …
Now however we learn that the bill passed in the house of representatives late on Wednesday included a ban on most purchases of foreign steel and iron used in infrastructure projects.
The senate’s version of the legislation … goes even further, requiring that any projects related to the stimulus use only American-made equipment and goods.
The EU is spitting feathers, but coyly ignores its own trade barriers and restrictive practices. Indeed why should the USA pour billions, trillions, into its economy with the avowed purpose of propping up American jobs, only to see the money spent abroad? This after all is the perverse logic of Browns VAT cut and Obama, ‘The One’, does not walk on water for nothing.
But where one must ask does this leave the Prime Minister’s claims that the USA is following his lead. His assertion that this ‘global’ crisis demands a united ‘global’ response?