Obama's "Rickety and One-Sided Trade Policy"


Writing at Forbes, New York University law professor Richard Epstein has some sharp words for the president:  

Fresh from his major political defeat in the mid-term elections, President Barack Obama has decided to go on the political offensive by acting presidential, albeit in the worst possible way.  One object lesson was apparent in his Saturday op-ed in The New York Times, "Exporting Our Way to Stability." His cascade of political and economic blunders begins with his first word: "exporting."

According to Obama, a new emphasis on domestic jobs starts with yet another pointless world tour.  Instead of deregulating at home, he will seek to persuade the plenipotentiaries of India, Indonesia and Japan and South Korea to accept our new, muscular trade export policy.

Read the rest here.


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  1. I must say that Obama’s trip to India has certainly given the media a great chance to exhibit just how economically illiterate they are.

    It is jaw-dropping entertainment every day.

  2. Epstein left Chicago? Wow, I missed that.

  3. These lefty statist thugs just cannot comprehend anything that doesn’t involve ratcheting up the bullying. Epstein nails it. If you want to increase the competitiveness of American exports, lower their cost structure by deregulating (and, theoretically, cutting taxes, but that’s probably a non-starter given the deficit).

    Instead the Lefty Statist Thug-in-Chief, having run out of Americans to bully, heads overseas to bully foreign countries into sacrificing their exports to the US by accepting the new dollar devaluation policy. Nice.

    1. Once upon a time, American trade policy was well and truly free trade. It definitely never ever rested on force, implied or otherwise, no sir. It definitely never rested on defrauding the world by having the de facto world currency, which in turn was never ever backed by force or its threat. Oh no indeed. And then that cheater Obama showed up and ruined our precious, coercion-free, gentle lamb free market trade policy.

      1. Defrauding the world with our currency? Did you take a double dose of melodrama pills this morning?

        The dollar has been fiat currency during the entire time it has been the default world currency. They knew what they were getting into.

  4. It’s a Cargo Cult – money for nothing and chicks for free. Like selling debt and printing money. Isn’t trade like that?

  5. If you want to increase the competitiveness of American exports, lower their cost structure by deregulating

    You slay me.

  6. Right now, with China running a mercantilist trade policy, it is hard to persuade people that the US should not imitate that.

    1. Yeah, it’s not like Adam Smith had to argue for free markets in a world dominated by mercantilism.

    2. If it works for China (and Japan and Korea before) then why not?

  7. Exporting means manufacturing which means polluting the air, defiling the water and killing all kinds of furry creatures. Until we abolish environmental protections we will continue being the MC Hammer nation, throwing the last epic parties before the inevitable sets in.

  8. OBAMA goes about his business by speaking the lie. That he comes “with all deceivableness of unrighteousness and he spoke as a dragon and tells us that he was a false prophet, a prophet being one whose calling it is to speak and to teach. The armies of the world may have guns and tanks and bombs to bring people into submission; but the power of speech and ideas is a mighty power. In his initial attempts to destroy the cause of God, the devil used a serpent to deceive the woman with crooked speech: “You will be like God.” Now he uses a “dragon” who speaks crafty, lying words. His speeches will be heard by millions who will hang on his persuasive rhetoric. The content as well as the form of his speech will attract. Like most false prophets, he will even be sincere and passionate. But he is a liar. He adds dashes of truth to the mix, so that his lie tastes like truth. He will use all the right catchwords, using the language of the church, even throwing in a Bible text or two. But he is the ultimate Liar, and will deceive many.
    OBAMA will use every tool available: school teachers, politicians, news broadcasters, artists, musicians, scientists and doctors, lawyers and businessmen. All will be pressed into the service of OBAMA to deceive men. But especially he will use those whose calling it is to persuade and to teach — men who claim to be preachers of the gospel of Jesus Christ.

  9. TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT?..TO ALL THE COMMUNIST IN THE IG,FBI,CIA,AND U.S. Senators and the left wing media outlets?..Wake up america!!!! This goverment is the most corrupt we have had in years. The good old boy network is very much in charge.Mr. obama and pelosi are the puppet masters.How many of their good friends benefited by the agreement ” what a farce. All of the u.sSenators voted for this. I am ashamed to say I voted for the these corupted self serving politicians.With good reason they picked an out of towner to be president.All u.s departments need an overhaul. We need to rid ourselves of the puppet masters and the dept heads that bow down to obama and pelosi.I am sick of the lip service I have been getting from these dummies over violations, their friends are getting away the goverment . Barack Hussein Obama , threatens friends and bows to Mmslim.
    INPEACH OBAMA ,GOD OPEN YOUR EYES.===For us there are only two possiblities: either we remain american or we come under the thumb of the communist Mmslim Barack Hussein OBAMA. This latter must not occur.===I love communist obama.will you ,thank you,the aka red ink obama.=== Repost this if you agree, IS communist obama ONE , Because of its secrecy and refusal to issue news releases, the Bilderberg group is frequently accused of political conspiracies. This outlook has been popular on both extremes of the ideological spectrum, even if they disagree on what the group wants to do. Left-wingers accuse the Bilderberg group of conspiring to impose capitalist domination,[21] while some right-wing groups such as the John Birch Society have accused the group of conspiring to impose a world government and planned economy.Obama’s India trip really an Emergency Bilderberger Meeting ?THE COMMADER === .Is Barack Obama pushing forward dangerous policies that are bringing the United States closer to a socialist dictatorship. Are you even aware?

    2. What is the major proof of the Bilderberger influence over many of the world events in the last decade!

    3. Is it really true that the recent global financial collapse was engineered by the Bilderberg Group. Why was their 2010 annual meeting held in Greece?
    4. Bilderberger influence,president George W. Bush says he was “blindsided” by the financial crisis that shadowed his final months in office, but adds that the Democratic-controlled Congress shares some of the blame. –

    Now that the agenda for global government and a centralized world economic system is public and out in the open, the importance of the Bilderberg Group’s annual conference rests on grooming political candidates. The lion’s share of Bilderberg’s 2010 agenda has already been announced by its members weeks before ? it will revolve around a potential military strike on Iran as well as the future collapse of the euro.The Bilderberger group, whose policies would pave the way for global communist conquest.

    —– Bilderberg group in United States——-
    George W. Ball (1954, 1993),[13] Under Secretary of State 1961-1968, Ambassador to U.N. 1968
    Sandy Berger (1999),[14] National Security Advisor, 1997?2001
    Timothy Geithner(2009),[15] Treasury Secretary
    Lee H. Hamilton (1997),[1] former US Congressman
    Christian Herter,[16] (1961, 1963, 1964, 1966), 53rd United States Secretary of State
    Charles Douglas Jackson (1957, 1958, 1960),[17] Special Assistant to the President
    Joseph E. Johnson[18] (1954), President Carnegie Endowment for International Peace
    Henry Kissinger[19] (1957, 1964, 1966, 1971, 1973, 1974, 1977, 2008),[20] 56th United States Secretary of State
    Colin Powell (1997),[1] 65th United States Secretary of State
    Lawrence Summers,[15] Director of the National Economic Council
    Paul Volcker,[15] Chair of the President’s Economic Recovery Advisory Board and Chairman of the Federal Reserve from 1979?1987
    Roger Altman (2009),[15] Deputy Treasury Secretary from 1993?1994, Founder and Chairman of Evercore Partners
    [edit] Presidents
    Bill Clinton (1991),[21][22] President 1993-2001
    Gerald Ford (1964, 1966),[4][23] President 1974-1977
    [edit] Senators
    John Edwards (2004),[24][25] Senator from North Carolina 1999-2005
    Chuck Hagel (1999, 2000),[26] Senator from Nebraska 1997-2009
    Sam Nunn (1996, 1997),[1] Senator from Georgia 1972-1997
    [edit] Governors
    Rick Perry (2007),[27] Governor of Texas 2000-current
    Mark Sanford (2008),[28] Governor of South Carolina , === The United States closer to a socialist dictatorship. Are you even aware? === The Bilderberg Group, Bilderberg conference, or Bilderberg Club is an annual, unofficial, invitation-only conference of around 130 guests, most of whom are people of influence in the fields of politics, banking, business, the military and media. The conferences are closed to the public.== The Bilderberg Group in which he accuses them of manipulating the public “to install a world government that knows no borders and is not accountable to anyone but its own self.”

    Repost this if you agree, THE END OF AMERICA.

  10. Mmslim Barack Hussein Obama people have no idea of the extent to which they have to be gulled in order to be led.” “The size of the lie is a definite factor in causing it to be believed, for the vast masses of the nation are in the depths of their hearts more easily deceived than they are consciously and intentionally bad. The primitive simplicity of their minds renders them a more easy prey to a big lie than a small one, for they themselves often tell little lies but would be ashamed to tell a big one.” “All propaganda must be so popular and on such an intellectual level, that even the most stupid of those towards whom it is directed will understand it. Therefore, the intellectual level of the propaganda must be lower the larger the number of people who are to be influenced by it.” “Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way around, to consider the most wretched sort of life as paradise.===”pelosi don’t see much future for the Americans … it’s a decayed country. And they have their racial problem, and the problem of social hate …obama feelings against Americanism are feelings of hatred and deep repugnance … everything about the behaviour of American society reveals that it’s half LIES, and the other half RACIAL. How can one expect THE USA to hold TOGTHER.They include the angry left wing bloggers who spread vicious lies and half-truths about their political adversaries… Those lies are then repeated by the duplicitous left wing media outlets who “discuss” the nonsense on air as if it has merit? The media’s justification is apparently “because it’s out there”, truth be damned., THE COMMANDER

  11. TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT?..TO ALL THE COMMUNIST IN THE IG,FBI,CIA,AND U.S. Senators and the left wing media outlets////////07 Sept. 2008 11:48:04 EST, Televised “Meet the Press” THEN Senator //Mmslim Barack Hussein Obama, was asked about his stance on the
    American Flag.

    General Bill Ginn USAF (ret.) asked //Mmslim Barack Hussein Obama, to explain WHY he doesn’t follow protocol when the National Anthem is played. The General stated to Obama that according to the United States Code, Title 36, Chapter 10, Sec. 171 “?During rendition of the national anthem, when the flag is displayed, all present (except those in uniform) are expected to stand at attention facing the flag with the right hand over the heart. Or, at the very least, ‘Stand and Face It’.”

    NOW GET THIS!! ? – ? – –
    ‘Senator’ //Mmslim Barack Hussein Obama, replied:

    “As I’ve said about the flag pin, I don’t want to be perceived as taking sides”.
    “There are a lot of people in the world to whom the American flag is a symbol of oppression..”
    “The anthem itself conveys a war-like message. You know, the bombs bursting in air and all that sort of thing.”


    //Mmslim Barack Hussein Obama, continued: “The National Anthem should be ‘swapped’ for something less parochial and less bellicose. I like the song ‘I’d Like To Teach the World To Sing’. If that were our anthem, then, I might salute it. In my opinion, we should consider reinventing our National Anthem as well as ‘redesign’ our Flag to better offer our enemies hope and love. It’s my intention, if elected, to disarm America to the level of acceptance to our Middle East Brethren. If we, as a Nation of warring people, conduct ourselves like the nations of Islam, where peace prevails ? – ? perhaps a state or period of mutual accord could exist between our governments.”

    “When I become President, I will seek a pact of agreement to end hostilities between those who have been at war or in a state of enmity, and a freedom from disquieting oppressive thoughts. We as a Nation, have placed upon the nations of Islam, an unfair injustice which is WHY my wife disrespects the Flag and she and I have attended several flag burning ceremonies in the past”.

    “Of course now, I have found myself about to become the President of the United States and I have put my hatred aside. I will use my power to bring CHANGE to this Nation, and offer the people a new path? My wife and I look forward to becoming our Country’s First black Family. Indeed, CHANGE is about to overwhelm the United States of America “INPEACH OBAMA THE COMMUNIST ,GOD OPEN YOUR EYES.//////For us there are only two possiblities: either we remain american or we come under the thumb of the communist Mmslim Barack Hussein OBAMA. This latter must not occur.THE COMMANDER, ((THINK ))

  12. I will use my power to bring CHANGE to this Nation, and offer the people a new path

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