Tuesday, April 28, 2009

Wall Street Journal Editorial-4/24/09

It was reported with glee that President Obama announced quietly on Monday that he was repudiating a campaign promise and would not press for new labor and environmental regulations in the NAFTA agreement.
Supposedly he was rebuked at the Summit of the Americas last weekend. Then the report went on to question his willingness to spend political capital to defeat protectionists in Congress.
In my mind this is a betrayal of his pledge to the American workers who only want a level playing field. I can remember Obama lauding the American worker during his campaign. When it comes time to put up or shut up he does that latter.
He can give billions to the capitalistic fat cats but cannot or will not take a stand to improve the lot of working people. The word ‘protectionist” is inflammatory. It implies a mind set of closing our borders to trade. I could state over again the unfair trade practices that have driven factories outside our country as the only way they can make a profit, but I won’t in this letter, except to say that with our trade imbalance so far out of whack anyone with a brain can see that we cannot continue down this road to bankruptcy. We already owe trillions to foreign governments to where they can dictate policy.
One last point, the issues that should be revised would improve the lives of workers and their families in Latin America, so it would be win, win. The only ones to lose would be the fat cats referred to previously. Once again they win while we all lose. Where is the “CHANGE” promised? Guess we will have to wait for the next candidate. Hope we are still a viable country at that time. I don’t think we will be. The clock is running out of sand.

Jack B. Walters
3961 N. Hillwood Circle
Tucson, AZ 85750
(520) 722-2958
April 28, 2009

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