Friday, February 15, 2008

Democrats Hone Anti-Capitalist Attacks

Clarity burns ever brighter on the Democratic agenda, as greater media attention is paid to what we might expect under a left-wing adminisration next year.

This Wall Street Journal report indicates that Hillary Clinton and Barack Obama are sharpening their attacks on business as the primary election campaign draws towards it denouement (and the stakes grow in attracting the protectionist vote):

As the Democratic presidential contest moves to the distressed industrial Midwest, Hillary Clinton and Barack Obama have ratcheted up their antitrade, anticorporate rhetoric.

The candidates have made broad attacks on corporate wealth and tax cuts they say tilt toward the rich, along with more specific attacks against health insurers and oil companies, among other industries. On Friday, Mrs. Clinton began airing a TV spot in Wisconsin in which she says, "The oil companies, the drug companies, have had seven years of a president who stands up for them.... It's time we had a president who stands up for all of you."

Both candidates increasingly sound like former North Carolina Sen. John Edwards as they pursue his endorsement and the voters -- particularly union members -- who were drawn to the populist candidate before he dropped out last month. Illinois Sen. Obama got a boost toward that goal Friday with the backing of the Service Employees International Union, one of the most politically powerful labor organizations.

SEIU long was too divided to make a national endorsement, but Mr. Edwards's withdrawal and Mr. Obama's momentum made a choice easier. Now the union has organizers on the ground working for the Obama campaign in Wisconsin, which holds the next primary Tuesday. "It has now become clear the members of our union and the leaders of our union think that it is time to become part of an effort to make Barack Obama the next president of the United States," said Andy Stern, the union's president, during a phone conference with reporters.
I've expressed my views on trade and interdependence on occasion.

Free trade
is good for the U.S. and good for the international economy. A Democratic shift to increased trade protection, combined with tax increases and redistributive economic policies, will slow the economy and foster beggar-thy-neighbor policies within the global system of trade.