With this administration it’s hard to tell. But this story from London, on the eve of what’s already going to be a controversial and contentious visit by President Bush to our No. 1 ally, is truly amazing (if it proves to be more than a trial balloon).
Here’s the gist of it:
“George Bush's administration has called on U.S. companies in Britain to relocate jobs to America in an astonishing move that could trigger a major trade war.
“U.S.-based multinationals have been told they will receive compensation from American trade authorities if they cancel contracts in Britain and take jobs home, according to CBI [Confederation of British Industry] director-general Digby Jones. …
“Speaking at the CBI's annual conference in Birmingham, Jones said: 'Three chief executives of American companies investing in Britain have told me to my face that they have been told to close down, bring their stuff home and make it in the US.' "
Good. A shooting war isn’t enough. We need a trade war, too. You have to wonder if this is some idiotic campaign ploy by the administration to pretend it’s going to bring home the millions of jobs that have fled the country for various reasons. If so, for so-called free-marketers, these guys sure don’t seem to understand 1930s economics, much less those of the 21st century.