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Obama’s Five Year Plan

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President Obama wants US exports to double within five years. Indeed, “raising exports is a national priority.” Sounds like a Soviet Five Year Plan.

More exports are good, of course, but don’t think for a minute that Obama believes in free trade. He has created an Export Council to centrally plan his trade goal, increased tariffs on Chinese tires, doubled loans to support exports, and fought for “fair trade” at the WTO.

Laurence M. Vance is an Associated Scholar of the Mises Institute, founder of the Francis Wayland Institute, and a columnist for LewRockwell.com and the Future of Freedom Foundation. He is the author of The War on Drugs is a War on FreedomWar, Christianity, and the State: Essays on the Follies of Christian Militarism, and War, Empire, and the Military: Essays on the Follies of War and U.S. Foreign Policy.

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