APEC Leaders Rejects Protectionism

APEC leaders said no to protectionism. I heard George Bush Jr. on the television echoing thesame line. They said, no matter how hard the effect of this financial crisis be, the government should resist the protectionist policy.

The next day, I heard the US government providing financial aid to CITI GROUP. Why is the US government always in the rescue? Why not allow the market forces do its trick, if the bank falls down hard, so be it. Because the US is not favoring protectionism does it mean that they will remove the farm subsidies that many US farmers are receiving from their government?

The US is saying something and doing some other things. China, Japan, India, and ASEAN should be strong enough to force US to do what they have agreed upon. But this is difficult to achieve because of American hands dipping in almost all economic groupings. I'd love to see an grouping such as the following; EU, US and the North and South American Countries, Asian (China, Japan, Korea, India, and ASEAN countries, the Oil rich countries of the Middle East.