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Austan Goolsbee BusinessWeek Hypes Downside of Free Trade, Ignores Positives By Jeff Poor \| February 1, 2008 - 17:26 ♪♫ ♪ Say, say, one, nine, three, zero, party over, oops, out of time! So tonight I'm gonna party like it's 1929! ♪♫ ♪ It's the kind of rhetoric legislators in Congress were probably hearing following the economic downturn that occurred in 1929, which instigated the infamous Smoot-Hawley Tariff Act of 1930 that sent U.S. tariff rates sky high. That is, the February 11 issue of BusinessWeek, showing all the disadvantages of free trade for the United States and ignoring the advantages. An article, "Economists Rethink Free Trade," by BusinessWeek Washington Bureau Chief Jane Sasseen ignored the benefits of free trade and the consequences of enacting anti-free trade policies. Jeff Poor's blog 3 comments Read more	Most Popular Today: Might Sutherland's Conspiracy Theory Revive 'Operation Chaos'? WaPo: Lara Logan's 'Tabloid' Tales Are True Actor Donald Sutherland: Obama's Being 'Gutted' for Hillary Obama Still Using Variation on Presidential Seal Barbara Walters: Syrian Dictator 'Charming,' 'Intelligent' Recent Comments Not Theorized but Documented - Plants love CO2 3 min 7 sec ago Nitrogen is an asphyxiant 9 min 25 sec ago Grieving for a "Principled" GOP Savaged by RINO's 11 min 17 sec ago CO2 Propaganda - Get you facts straight! 12 min 20 sec ago → You're right 17 min 36 sec ago The idea that plants tend 22 min 20 sec ago wrong O there unCool one who can't understand 25 min 59 sec ago → Thanks, Dee 32 min 59 sec ago I think you're right 39 min 48 sec ago R1... It was the way you 43 min 28 sec ago <a href="http://harvest.AdGardener.com/noscript.aspx?s=16&c=a055725b-e081-2c1c-3bbf-f7f786307fb4" target="_blank"><img src="http://harvest.AdGardener.com/noscript.aspx?s=16&w=160&h=600&c=a055725b-e081-2c1c-3bbf-f7f786307fb4" width="160" height="600" border="0" /></a> Blogs Ace of Spades American Thinker Anchoress Online Betsy Newmark Biased BBC Bill Roggio Black Five Bluey Blog Classical Values Conservative Grapevine Ed Driscoll FreeRepublic Gateway Pundit Hot Air Inhofe EPW Blog Instapundit Jewish World Review Jim Romenesko Junkscience.com La Shawn Barber Little Green Footballs Lucianne.com Media Bloggers Association Media Shift Mickey Kaus Michael Yon Michelle Malkin Next Right NRO Corner Olbermann Watch Outside the Beltway Patterico Power Line Protein Wisdom Radio Equalizer Reason Hit & Run Red State RightBias Right Wing News Sister Toldjah Small Dead Animals Townhall.com TVNewser Villainous Company Organizations Accuracy In Media America Supports You American Conservative Union Capital Research Center Cato Institute Heritage Foundation Minding the Campus Pew Research Center Young America's Foundation Talk Radio Neal Boortz Tammy Bruce Sean Hannity Laura Ingraham Rush Limbaugh Steve Malzberg Michael Reagan User Account RSS Feed About NB Contact Us Archive Jobs Advertise on NB Editors’ Picks Economy, not war looms as #1 issue in '08 elections (TWT) A dopey Obama gaffe missed by media (LGF) Michael Vick files for bankruptcy (AJC) For-profit microlender saving poor in Mexico (Fausta) Independence Day reenlistments in Baghdad (Blue Star) Obama met with Code Pink co-founder (BlondeSagacity) Blog linking less important (OTB) Earn $32k/year? You're rich to Obama (Townhall) US ships cigarettes, bras to Iran (AP) Poll Your Take on NB Redesign: Really like it Like it but it'll take getting used to Fine either way Don't like it Masthead Editor Matthew Sheffield Editor at Large Brent Baker Senior Editors Tim Graham Rich Noyes Managing Editor Ken Shepherd Associate Editor Noel Sheppard Contributing Editors Tom Blumer Geoffrey Dickens Mark Finkelstein Dan Gainor David Limbaugh April Mickelson Seton Motley Mithridate Ombud Clay Waters Contributing Writers Matthew Balan Michael M. Bates Robin Boyd Lynn Davidson Paul Detrick Kyle Drennen P. J. Gladnick Greyhawk Stacy L. Harp D. S. Hube Sharon Hughes Michelle Humphrey Warner Todd Huston Stuart James Tom Johnson Kristine Lawrence Vivian Lee Justin McCarthy Kathleen McKinley Richard Newcomb Jeff Poor Dave Pierre Amy Ridenour Dan Riehl Julia A. Seymour Jason Smith John Stephenson Terry Trippany Scott Whitlock Brad Wilmouth Publisher Brent Bozell <br /> <a href="http://harvest.AdGardener.com/noscript.aspx?s=16&c=94cd871e-30b8-4a4e-a7a3-eb3d7376a2a0" target="_blank"><img src="http://harvest.AdGardener.com/noscript.aspx?s=16&w=160&h=600&c=94cd871e-30b8-4a4e-a7a3-eb3d7376a2a0" width="160" height="600" border="0" /></a><br />
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