http://malcolmpollack.com/2008/02/28/a-patriot-act-for-business/ I go many places Tue, 22 May 2012 03:12:36 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://malcolmpollack.com/2008/02/28/a-patriot-act-for-business/comment-page-1/#comment-78097 Malcolm Fri, 29 Feb 2008 17:09:07 +0000 http://malcolmpollack.com/2008/02/28/a-patriot-act-for-business/#comment-78097 My sentiments too, Peter. Glad we agree. My sentiments too, Peter. Glad we agree.

]]> http://malcolmpollack.com/2008/02/28/a-patriot-act-for-business/comment-page-1/#comment-78096 the one eyed man Fri, 29 Feb 2008 17:01:33 +0000 http://malcolmpollack.com/2008/02/28/a-patriot-act-for-business/#comment-78096 In my view: an awful idea. Government ought not to meddle in the economy or try to pick winners and losers. The proposal is likely to be counter-productive, as other countries are incented to protect their own domestic industries. The economy grows as Citibank opens offices in Japan, Pfizer sells drugs in Europe, and Wal-Mart opens stores in Mexico. Those who are hurt by global trade are very visible -- they're standing on an unemployment line -- while those who benefit are largely invisible. I like Obama, but this is political opportunism which will doubtless be quickly forgotten if he gets to the Oval Office. In my view: an awful idea. Government ought not to meddle in the economy or try to pick winners and losers. The proposal is likely to be counter-productive, as other countries are incented to protect their own domestic industries. The economy grows as Citibank opens offices in Japan, Pfizer sells drugs in Europe, and Wal-Mart opens stores in Mexico. Those who are hurt by global trade are very visible — they’re standing on an unemployment line — while those who benefit are largely invisible. I like Obama, but this is political opportunism which will doubtless be quickly forgotten if he gets to the Oval Office.

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