Fed chairman voices concern about a tide toward trade protectionism

[Judi Lynn]

Fed chairman voices concern about a tide toward trade protectionism

Associated Press
Jan. 13, 2004 09:20 AM


WASHINGTON - Federal Reserve Chairman Alan Greenspan renewed a warning Tuesday that "creeping protectionism" could hurt the flexibility of the global economy, something that has played an important role in helping the United States and other countries weather economic hard times.

"Some clouds of emerging protectionism have become increasingly visible on today's horizon," Greenspan said in a speech delivered in Berlin at an event sponsored by Germany's central bank.

A copy of his remarks was distributed in Washington.

"The costs of any new protectionist initiatives .... could significantly erode the flexibility of the global economy," Greenspan added. "Consequently, it is imperative that creeping protectionism be thwarted and reversed."
(snip/...)

http://www.azcentral.com/news/articles/0113GreenspanTrade13-ON.html

[xray s]

1. heaven forbid!

Horror of horrors should anything get in the way of our headlong dive into the cheap labor swamp!

Profits uber alles!

[el_gato]

2. he's a corporatist with more concern for Exxon than America

fuck greenspan

[lcordero]

3. "creeping protectionism" my ass

The United States should be able to be completely self-sufficient in every aspect. This is nothing more than centralizing the whole world...which does nothing but help hurt ordinary citizens.