Dominic Lawson: If you want to see a display of pure political courage, then John McCain is your man
The most extraordinary thing is that Obama has actually been pandering to the “bitterness” he identified – the “anti-trade sentiment”. In the rust belts of Ohio and Pennsylvania the Senator from Illinois has lost no opportunity to blame America’s economic woes on the free-trade treaty with Canada and Mexico (Nafta) – which had been enacted by President Clinton.
Obama is one of three Congressional sponsors of “The Patriot Employer Act”, which seeks to give preferential tax status to American companies that choose not to invest overseas. His anti-globalisation rhetoric goes far beyond criticism of free-trade deals such as Nafta. Obama told voters in New Hampshire:”I would stop the import of all toys from China”. China supplies 80 per cent of the toys sold in the US, so that’s one heck of a pile of embargoed fluffy bunnies.
Obama’s electoral calculations, at least, are rational: recent polls suggest that three quarters of voters believe that international trade has “made things worse for Americans”. So as not to appear “protectionist” – perish the thought – Obama graciously concedes that “not every American job lost is due to trade”. Not every job? The true figure – according to the apolitical US Council of Economic Advisors – is that only 3 per cent of US job losses can be attributed to “outsourcing”.
Other figures which are never discussed are those measuring the “insourcing” of jobs, when companies from foreign countries have invested in the US. The value of those investments has been staggering – the biggest secret in a debate conducted (at least in the Democrat primaries) at a shocking level of ignorance.