Obama protectionist plans for US

There was a lot of hope among American people and people worldwide, when Obama took over as the 44th US president. As, he took incharge of the most powerful job in the World people were hoping they were relieve them.But, as soon as Obama took up the incharge, he laid out policies, which are totally protectionist in nature.

The first protectionist policies is curbing on outsourcing strategies, and taxing industries and companies which are still supporting offshoring and outsourcing policies.

Obama together with this administration team wants to unveil program which will keep eye on financial and capital markets and check on the financial products which are offered to Consumers.

But one thing Obama and his team should realise that World follow America because of its openess and its anti-protectionist trade policy,and the deep recession and high rate of unemployment exist in US just because of improper regulations of its Financial.

So, instead of making its economy protectionist, it should try to make it more regulated.

Thanks&Regards,
Mohit