“Today, the world sees the U.S. and its profligate policies of easy credit and lax regulation as precipitating the global economic catastrophe. Should Buy American expand into a broader, beggar-thy-neighbor attitude, then the $800 billion bailout now before Congress may be only the first installment of a colossal price tag needed to spend our way back to expansion and prosperity.” David Andelman
I have attached a link to a great article by David Andelman on the perils of protectionism and what could happen if protectionism goes too far.
