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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Office Of The U.S. Trade
There is squabbling in the White House. President Obama's approval rating has dipped to unprecedented lows in the polls, and he has not a clue what to do about it. Within the president's team there are the pragmatists led by David Plouffe and William M. Daley, who favor small gestures. I mean really small gestures. They would favor free-trade agreements, possibly with Gabon, perhaps the Maldives. They also favor improved patent protections for investors, assuming they can find investors, and something about Michele's garden. At least I thought it was about Michele's garden. At any rate, it was small. Maybe they were advocating growing cherry tomatoes.
Given the damage and massive rescue efforts, it comes as no surprise that Japan's economy will be at a near standstill near term.
An Obama administration proposal aimed at preventing air shipments of lithium batteries from causing fires in flight is drawing fierce opposition from some of the United States' top trading partners, who say it would disrupt international shipping and drive up the cost of countless products.
What's more important: America's support for American innovation or short-term price breaks in chips for cell phone manufacturers? That is the decision facing the Bush administration this month.