My canadian business

From Canadian Business Online Blog, Apr 06, 2009

 By: Bryan Borzykowski

I haven’t read the 400 or so page American stimulus package, but I imagine it’s one dry document. So I was thoroughly amused when I heard, on my favorite podcast, NPR’s On the Media, that a New Yorker writer was actually blogging the stimulus package.

Pulitzer Prize winner and New Yorker scribe Steve Coll is reading the enormous paper and distilling all of the technical jargon into easy-to-read, and often humorous, bits of information.

Here’s how his March 23 post, which is particularly pertinent to Canadians, begins:

Canadians might wish to make use of their superior social networking skills to examine whether the stimulus bill violates their rights under the North American Free Trade Agreement. Title VI, “Department of Homeland Security,” provides the most depressing read of any chapter so far. Partly this is because the entire subject of D.H.S.—its Orwellian-nativist conception, its bloated shape, and its many inefficiencies—is discouraging.

He continues by outlining the protectionist measures in that part of the bill.

As a result of the global recession, we seem to have arrived at the cusp of an era of revived trade protectionism. Here, in the fine print, we find evidence—an array of protectionist clauses to boost the Homeland’s textile industry. Title VI requires domestic manufacture of all “clothing and materials and components thereof, other than sensors, electronics, or other items added to, and not normally associated with clothing” purchased with its funds. There may be as much stimulus in that language for trade lawyers who want to challenge where clothing ends and Bluetooth technology begins as there is for North Carolina’s benighted textile workers. The made-in-the-U.S.A. restrictions in the bill extend as well to “tents, tarpaulins, covers, textile belts, bags, protective equipment (including body armor), sleep systems, load carrying equipment, textile marine equipment, parachutes, or bandages.” Sadly, American companies have probably learned to make all of those items to order during our long, recent stretch of expeditionary war. Cotton, yarn and synthetic fibers are also protected, as is any item made with such materials.

It’s all fascinating stuff, and important material no one would ever read if it wasn’t for Coll. Even though the stimulus bill is a U.S. document, everyone interested in the global economy should learn a bit more about it.

Links:
Steve Coll’s stimulus blog
On the Media’s interview with Coll

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  1. 2 Responses to “ U.S. stimulus bill — in blog form ”

  2. This is my fear about all of these economy-cleanup measures – that few people, including journalists, members of the public and even the politicians that craft them don’t take the time to read through the proposals and really consider the impact. And how many people would even understand them if they did? (I implicate myself as a member of this willfully ignorant group).

    No matter how noble the intentions, there are going to be some unsavoury surprises down the road as a result of all these stimulus initiatives.

    By Matt on Apr 6, 2009

  3. Just to be clear on my earlier post, I’m saying kudos to Coll (and Borzykowski) for not shying away from the necessary analysis.

    By Matt on Apr 6, 2009

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