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Note to World: Beware the Messiah February 4, 2009

Posted by neoavatara in Economy, Politics, World Politics.
Tags: , , , , , ,
Obama is loved overseas; how long that lasts, we shall see...

Obama is loved overseas; how long that lasts, we shall see...


It is amazing how little foreigners understand America, for good and for bad.  When Barack Obama was running for President, foreigners were giddy with the prospect.  An African-American, non-Republican, worldly and intelligent man running the world’s only superpower.  Of course they were excited.

But they never looked deeper than that.

It is funny, because what most foreigners didn’t understand was that Mr. Obama’s policies would directly effect them.  Sure, George Bush’s policies directly effected (in the worst way) Iraq, and one could argue Afghanistan; though I would argue against both, personally.  But I will admit an argument could be made for those countries.  But with other countries?  Bush was largely pro-trade, open market, and for more multilateral power structure in the world (despite what liberals will say).  He opened up access in power to world institutions more than any other U.S. President, and was the first to consider Brazil, India, and others for Security Council seats.

Well, the first international revolt took exactly two weeks of the Obama Presidency.  The European Union was about to launch a trade war against the United States for ‘Buy American’ plan that was built into the Obama Stimulus Package.  After the anger started, Obama quickly backed away from the pledge.  “I agree that we can’t send a protectionist message,” he said in an interview with Fox TV. “I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade.”

Clearly, Obama was not totally for this pledge to begin with.  This was a gift to unions and the hard left.  These groups don’t understand that one of the key instigators of the Great Depression was limiting of world trade.  And even the appearance of that could hurt world markets, and frankly, would not be acceptable in a world governed by the World Trade Organization.

That said, countries whose populations were so elated with Obama’s elections may soon have second thoughts.  Specifically, one country is India.  Bush was surprisingly popular in India; actually, his highest favorable rating overseas was on the subcontinent.  This was largely because of Bush’s pro-India stance from everything from military to nuclear purchases.  Bush was actually the most pro-India President ever.  However, Obama is loved there.  But what many Indians don’t realize is how the Obama Presidency may effect them.  For example, there is already a push in Congress to have companies who are receiving bailout money to promise to fire foreign hired workers first.  This is an idiotic proposal, for many reasons.  But this would disproportionately hurt India, who has more foreign temporary (legal) workers in the U.S. than any other country.  Additionally, a large source of India’s foreign capital comes from these expatriates returning money to the homeland.

So, be careful what you wish for, because you might just get it.



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