'Most Favored Nation' status suggested – for U.S.

[Omaha Steve]

http://www.wnd.com/2014/06/most-favored-nation-status-suggested-for-u-s/?cat_orig=world

Roger Simmermaker explains how Congress could give economy a boost
Published: 06/10/2014 at 7:46 PM

ROGER SIMMERMAKER About: Roger Simmermaker is the author of "How Americans Can Buy American: The Power of Consumer Patriotism." He also writes "Buy American Mention of the Week" articles for his website, and is a member of the Machinists Union and National Writers Union. Roger has been a frequent guest on Fox News, CNN and MSNBC and has been quoted in the USA Today, Wall Street Journal and US News & World Report, among many other publications.



One of the most tiring and untrue refrains in American politics today is the old-as-the-hills claim that if we were to grant our own country “Most Favored Nation” status when it comes to producing and supplying our own needs through enactment of “Buy American” laws, other countries would simply retaliate and we would end up the loser by being denied overseas markets for American companies.

If free trade, free market zealots aren’t engaging in intellectual dishonesty distorting potential future benefits of “Buy American” laws, they’re incessantly warning us about a repeat of the supposedly disastrous and retaliation-inviting Smoot Hawley Act of the Depression era (more comments on that historic bill later).

The latest ironclad evidence that Buy American laws do not automatically attract similar buy-domestic laws in other countries can be found within the borders of our immediate neighbors to the north – Canada.

Canadians are lamenting recent multi-billion-dollar Buy American restrictions passed by the U.S. Congress and even more proposed by President Obama as evidence that Buy American is “back with a vengeance.”

FULL story at link.

Read more at http://www.wnd.com/2014/06/most-favored-nation-status-suggested-for-u-s/#8yrMHlKZ6LpSEvz4.99

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