Why is Obama against "Buy American" in stimulus

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Wednesday February 04, 2009 · 11:48 AM PST

2009/02/04 · 11:48

Senator Dorgan and Brown introduced a "Buy American" provision into the Senate stimulus bill. Harry Reid supports it. Joe Biden supports it. But Obama and the Rubinites like Larry Summers seem to be publicly opposing it.

stumo

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Monday February 11, 2008 · 8:31 PM PST

2008/02/11 · 20:31

I happen to like Obama, despite the provocative title of this diary. But it is true that he may be more of a corporate free trader than Clinton. The pro-Obama community on the DailyKos may wish to challenge him on this to get him on the right track.

First, Obama's chief economic advisor is Austan Goolsbee, a University of Chicago free market guy. The Chicago School has been at the forefront of deregulation, letting corporations run free. Check out this post explaining Obama's economic advisors' positions on economic issues. It is not good.

Goolsbee does not believe our record $800 billion trade deficit is a problem. And he discounts job losses resulting from outsourcing. He has no interest in the causes of these problems.

stumo

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Friday September 14, 2007 · 6:34 AM PDT

2007/09/14 · 06:34

Wal-Mart used to sell us only goods made in America. Now they sell us goods primarily made in China. "Always Low Prices" they said. But now Wal-Mart has quantified their generosity, claiming to save each of us $2,500 per year. Those savings are really handy when you've lost your job, or if you actually draw a "generous" Wal-Mart wage.

Let's look at a few other statistics, after the jump.

stumo

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Monday August 13, 2007 · 4:09 PM PDT

2007/08/13 · 16:09

Free trade does not exist. You do not need 400 pages in a trade agreement to lower trade barriers. Trade is managed. The U.S. is losing. We buy $2 billion each day more than we sell overseas. Even Warren Buffett thinks this ridiculous. Free traders are working hard to prevent the U.S. from changing course.

I have not seen anyone on this site discuss the core reasons for our trade deficit with China and other countries. Currency manipulation and Chinese tax subsidies are the main causes. They have nothing to do with free trade. The cheap Chinese goods are a reality, but they are manufactured by government edict.

This is my first post. And it is long. I apologize. Sort of. If this diary gets some attention, I'll post more. More below the fold.

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Why is Obama against "Buy American" in stimulus

Is Obama a corporate free trader?

Shop Wal-Mart and save $2,500 per year

The core China trade problem - currency manipulation