Showing posts with label Free Trade. Show all posts
Showing posts with label Free Trade. Show all posts

Friday, May 29, 2009

Free Tade And Government Bailouts

Where is the World Trade Organization? I read yesterday that the government will soon own 75% of GM. Yet no one is talking about government subsidies (low interest loans, direct payments, bailouts, etc) distorting "free trade". I wonder why? Just a few years ago the WTO was ranting about how the US government 'supports' Boeing through R&D payments. Yet not a peep on the massive US and European bailouts.

Maybe they're figuring it all works out in the end if GM exports jobs along with their vehicles.