From the Wall Street Journal today, we learn that Sander Levin (D-MI) has been nominated to the chair of the House Ways and Means Committee, which is like the Senate Finance Committee, ans is very powerful in shaping the policy direction of the house. Levin, being a
n idiot staunch Michigan liberal, is very forcefully anti-free trade. Even worse, he is rabidly pro-fair trade.
Mr. Levin’s strategy of withholding support for trade agreements unless trading partners agreed to tough labor and environmental protections has been criticized by business interests, but applauded by U.S. labor unions.
He has also misidentified the causes of the crisis, is distrustful of large corporations, and eagerly fosters class warfare. Okay, I made the last one up.
Sad day, indeed.
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Addendum: Just an FYI: While I’m generally able to reach a compromise with people in the name of pragmatism on a lot of issues, I will not compromise on, or entertain any alternative to multi-lateral free trade; which, in a perfect world, means dropping all tariff barriers everywhere in the world. However, advocacy does not need to be so radical. If another country engages in protectionism or petty mercantilism, that is not a reason for the US to retaliate with similar measures. Those countries are only hurting themselves.