[PEN-L:5174] Re: Trade Sanctions

[dhenwood@xxxxxxxxx (Doug Henwood)]

If US Kapital is so hot to open the Japanese market, then why is most of US
big business so ambivalent at best about the Clinton sanctions? Van Doorn
Oorms (I may have inserted a superfluous 'o' there somewhere), the chief
economist for the Committee for Economic Develoipment, a ruling class think
tank par excellence, was quoted in the NY Times the other day as being
opposed to the administration's move.

Don't underestimate domestic political considerations. The bite of the
sanctions, if they hit at all, will be mainly on upper middle class voters
who hate Clinton anyway, but it could gain votes among white male workers
in the upper midwest, who are absolutely critical to BC's re-election.

Doug

--

Doug Henwood
[dhenwood@xxxxxxxxx]
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax