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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, columnist and policy adviser for the Future of Freedom Foundation, and a columnist, blogger, and book reviewer at LewRockwell.com. He is also the author of Gun Control and the Second AmendmentThe War on Drugs Is a War on Freedom, and War, Empire and the Military: Essays on the Follies of War and U.S. Foreign Policy. His newest books are Free Trade or Protectionism? and The Free Society. Visit his website: www.vancepublications.com.

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