Word: protectionists
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...become an advocate of Government intervention in the marketplace. "I'm not very popular with the people around the White House anymore. I told them (on trade policy), 'Let's make sure we don't get hosed.' They don't like that. This Administration sees you either as a protectionist or a free-trader, with no shades in between. And we're going to lose, as a country, for it." Given the protectionism and market intervention practiced by Japan and other foreign governments, Iacocca would have Washington intervene in the market too, setting up import tariffs and quotas to keep...
Although Reagan's steel-import restriction plan does not involve direct Government expenditures, it will be costly: consumers will pay billions more for everything from automobiles to canned goods. Moreover, it may be a significant Administration nod toward protectionist trade policy (see ECONOMY & BUSINESS...
...join the Third World's labor force, while industrialized countries will add only 20 million young workers. As a result, Third World wages will probably remain at their low levels. That may encourage the flow of manufacturing jobs from industrialized countries to developing nations, but it could also provoke protectionist threats to the international free-trade system...
Labor. As does Mondale, she supports the protectionist "domestic content" bill requiring that all autos sold in the U.S. be produced with a certain amount of American-made parts and U.S. labor. She voted for the federal subsidies that helped ailing Chrysler Corp. avoid bankruptcy...
...often approaches great national issues not with overarching vision, but like a train conductor punching tickets. On education, he heeded the teachers' union opposition to merit pay, and promised instead more pay for all teachers. On foreign trade, he rejected warnings of a trade war and endorsed a protectionist bill backed by the autoworkers' union that would save their jobs but raise prices for consumers. The huge federal deficit-Reagan's federal deficit-has limited Mondale's generosity somewhat, but Mondale has been unwilling to suggest major cuts in entitlement programs...