When it comes to free trade issues. The United States talks a good free trade game, but only when it benefits us; the recent political flak over a Chinese bid for a U.S. oil company put our true colors on display for the world to see. It's not enough that we slapped China in the face over that situation. We barely passed CAFTA, revealing our fear of the Caribbean sugar industry. Never mind the fact that our consumers (and theirs) will benefit greatly from the arrangement.
I recently read in the Wall Street Journal that the U.S. has repeatedly ignored several NAFTA rulings against us regarding restrictions on the importation of cheaper Canadian lumber. These restrictions add approximately $1000 to the cost of an average new home. Over a 30 year loan, that adds up. The administration is not only screwing the home-building consumer, but also one of our best trading partners.
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