By Chris | November 15, 2007
According to an early October WSJ poll, 59% of Republican voters think that foreign trade is bad for the economy. These voters agreed with the statement:
“Foreign trade has been bad for the U.S. economy, because imports from abroad have reduced demand for American-made goods, cost jobs here at home, and produced potentially unsafe products.”
It seems that recent recalls from China have contributed to anti-trade sentiment. But, traditional misconceptions about trade seem to be at the root of protectionism. One excerpt from the WSJ article:
Julie Kowal, 40 years old, who works in a medical lab and is raising five children in Omaha, Neb., said she worries that Midwestern producers face obstacles selling beef and autos abroad. “We give a lot more than we get,” she said. “There’s got to be a point where we say, ‘Wait a minute.'”
This does not bode well for the likelihood that the next president, whether Republican or Democrat, will make progress towards reducing barriers to trade.