A Chequer-Board of Nights and Days: It Cannot Be Stressed Enough

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It Cannot Be Stressed Enough

Posted by Pejman Yousefzadeh on Thu May 08, 2008 at 01:20:35 AM EST

Both Hillary Clinton and Barack Obama are the most protectionist major Presidential candidates to come down the pike in recent memory. I say "recent" because, of course there is one particular President who was in the same league with both Clinton and Obama when it came to promulgating lousy trade policy and making the country suffer for it. I know that Charlie Black works for the McCain campaign and gets paid to throw elbows, but he is right to go where he goes verbally:

The growing shopping list of promises has also served further to sharpen the contrast with John McCain, the Republican nominee, who has staked out a robustly free-trade stance for the general election.
"The last time we had a protectionist president was Herbert Hoover [in office from 1929 to 1933] and look how that worked out," says Charlie Black, a senior adviser to Mr McCain. "We think we can win this debate in a general election."

The ghost of Hoover may be smiling now. The ghosts of Hawley and Smoot most certainly are. The rest of us have every reason to feel grim.

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