Word: projectionist
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...erosion. In fact, politicians have already started on this road, instituting barriers to trade such as higher tariffs and measures like the domestic content bill. If the U.S. does not begin to work out a coherent industrial and trade policy, Reich envisions, the country will head down the projectionist path to world economic ruin...
...doubt eyeing the prospects of AFL-CIO endorsement before the Democratic primaries--has been proclaiming in union halls recently, "when we should be running up the American flag." With Senate tough guys John Glenn, Fritz Hollings, and Alan Crimson, he is backing the Domestic Content Bill--a disastrous projectionist measure design to shut foreign-made cars out of the American market...
...protectionism will guarantee tomorrow's free trade. Excluding cheap imports, he claims, will allow us to develop "fully competitive auto and steel industries in the 1990s" and prevent unemployment in the interim. Once American auto and steel industries become competitive with those of other countries, the need for projectionist trade barriers will simply fade away. Until then, though, moderate protectionism is the only way to prevent "irresistible demands for harsh and damaging legislation." In addition, by waving the club of American trade barriers over the heads of our allies, Mondale believes we will intimidate them into reducing their own trade...
...Right, while liberals argued for free trade and rational recognition of the interdependence of world trade. But responsibly formulating solutions to our real economic problems doesn't win votes as easily as rattling sabers at nefarious foreigners. In the face of brawny, Republican militarism, Mondale and the other projectionist Democrats have had to scrounge up something equally macho to wave around. In embracing protectionism, they have cravenly abandoned the true principles of liberalism...
...since the unwritten rule of international trade seems to be that "Any advantage you try to impose, we impose more of," such policies would probably fail to achieve any lasting improvement in the U.S. trade balance, would not create jobs, and would risk creating an international environment conducive to projectionist paranoia...