And the world went, “ Wooho … wait, he wants to do what?”
While I’m not an expert on international affairs, my various travels and living experiences have brought me into contact with a lot of people. The thing that amazes me about those who live outside of the US, but follow US politics or have a vested interest in US foreign policy (face it, most people do), is how poorly they think through the actions of those living in the US, or those they support or hate.
The world wanted Obama because he seemed like a pretty good guy and a reasonable leader. Frankly, I don’t blame them and feel pretty similar. But, they didn’t really think about his politics and his constituents. The Democratic party is the party of labor and is the kindred spirit of the Labour parties in the UK and Australia.
These parties are the parties of blue collar workers who most often can not travel or change careers quickly. When all the welding leaves an area, or a country these folks are often screwed. Or feel they are screwed. The Dems and Labour folks
pander cater focus their message and policies toward this group. Jobs for America. Universal Healthcare. The conservative parties of the world tend to take a more top down approach similar to ensuring the soil of a vegetable garden is tilled and ready for the vegetables. They believe that if they create an environment that business can flourish, more people can get jobs, etc, etc.
I’ve always been in the latter camp, with caveats such as ensuring good information exists in the market and businesses don’t think too short term (say you’re a i-bank and decide to take the risk of getting overly leveraged because house prices are rising and the party is raging – and if you, yourself, keep most of your personal money out of the game, even if things collapse it won’t hurt you … but that’s another point on another day).
Now that you have the basic 30,000 foot view of the parties, let the excerpt from the IHT article sink in for a moment, and realize that this was more than predictable during the election, it should have been expected.
It’s extremely preoccupying that one of the first acts of the new Obama administration could be a measure that is clearly protectionist and a distortion of competition," said Anne-Marie Idrac, the French trade minister.
Obama and the Dems constituents – blue collar labor – , who have been screwed over time and time again by big business (circa 1800s) and labor bosses (circa today) will reward
isolationism protectionist policies because they see it as in their best interest. Is it … really? No, probably not but democratic politics is about today, not tomorrow.
I still think our new leader is a reasonable guy and hopefully will promote a profitability platform (my own concept, max revenues into the US gov; min costs of the US gov while creating an environment everyone can obtain great rewards with hard work and diligence). Only time will tell.
But, during that wait period – could those following along in other parts of the world please do a quick review of Economics 101? People, Politicians and Countries (no, not mutually exclusive) act in their own best interests for their people, careers, and constituents.
We’re all hoping for a good for us and a good for them (the world) solution. Considering the interdependency of world economies it seems likely. But, like the policies themselves, we’ll have to wait and see.