Just say no to protectionism! Here's the latest on the Bush side:
On Friday, just days before the presidential election, the Bush administration agreed to consider a petition from a coalition of embattled textile manufacturers that would limit some imports from China.
American manufacturers and the labor union representing textile workers have been pressing for help in advance of the lifting of all trade quotas on textiles and apparel on Jan. 1, 2005, allowing for the free flow of goods around the globe.
Trade dislocation is sad, and we should do everything we can to help those affected. But there's just no way domestic textiles are going to stay alive without massive, counterproductive trade restrictions.
And unfortunately, this is one area where things are going to get worse no matter what happens Tuesday. Kerry has pandered like crazy on trade (more than Bush), and it's going to box him in if he wins.