Wednesday, 3 February 2010

protectionist policies to be avoided says U.S. President

In speaking with Senate Democrats this Wednesday, U.S. President Obama gave clear signs that the nation intends on rebuilding its troubled manufacturing sector though will avoid protectionist policies‎.

In response to Senator Arlen Specter's question regarding job creation and trade with China, the President noted, "I would not be in favour of revoking the trade relationships that we've established with China".

The President further stated, "what I don't want to do is for us as a country, or as a party, to shy away from the prospects of international competition", later adding "that (this) will create jobs here in the United States".

Job creation is a slippery slope within challenging market conditions and likely, none more difficult in the United States where in many situations the media is protecting affiliations with political parties. It becomes a curious mix where the public, in honest hope for quality jobs in the horizon are subjected to the hidden agenda of certain factions of the media.

This particular situation illustrates one of the greatest problems with political circles and the portrayal of facts within the media. The U.S President's announcement that the nation will avoid protectionist policies‎ and build a manufacturing basis should be applauded on both sides of the aisle, but will it?

Taking a clue from nations who are jump starting their future, both sides of the aisle need to work together to push important mixes to the development of manufacturing, that mostly being light-rail transit, heavy cargo / wide rail and progressive incentives for the private sector to fund a number of these developments.