The World Readies For A Protectionist America
The Wall Street Journal's "Political Diary" (sub.req.) has a pretty good piece up today by Joseph Sternberg on what the rest of the world is doing to prepare for the Democrats' protectionist plans for America:
HONG KONG -- Look no further than this week's meeting between South Korean President Lee Myung-bak and Chinese leader Hu Jintao. The international trading order is reshaping itself in ways that seem to anticipate a Democratic victory in November's U.S. presidential election.
As difficult as the China-Korea relationship has been, China is already Korea's largest trading partner, and now both have placed a possible free-trade agreement on their to-do lists. South Korea is considering moving forward with such a deal (and, for that matter, a similar pact with the European Union) even as its free-trade deal with the U.S. languishes unratified in Washington. The message to the Democratic Congress is clear: The world will move on while American politicians stall.
Barack Obama, who has been all over the map on trade, should take note. He recently pledged to "maintain strong ties" with South Korea, yet has adopted the Democratic litmus stance of opposing free-trade deals. The Europeans and China's Mr. Hu understand why this won't fly in today's world even if Mr. Obama apparently doesn't.
It looks like we are going to become a second class nation - and the Democrats are going to lead us there. We are so screwed...



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