While facing the economic downturn, should U.S. continue to remove restrictions on free trade or should it pass protectionist trade policies?

Introduction

As the headlines in today 's newss all around the world show , there is a global economic slowdown . Economies all over the world are being plunged into what is tentatively being called Recession ' While there are those who believe that this is simply an expected trend given the rapid growth of the global economy , it still does not detract from the fact that it is an urgent and pressing problem . In to address this problem , several governments have issued massive bail-outs and laws designed to manage the system . In line with

the principles of Keynesian Economics , it seems that the government is the only player capable of solving this problem . It is this government intervention through the Federal Reserve , led by Ben Bernanke , that is touted as the solution to the country 's , if not the world 's , economic problems

According to most economists , the current bailout scenarios that have been presented are nothing more than prime examples of throwing good money after bad . Instead of tackling the problem head on by implementing sound fiscal and monetary policies , the United States government is bent on revitalizing the economy by allowing massive losers such as the AIG group to continue accumulating losses and patronizing its already proven bad habits . The main strategy here , as employed by Chairman Bernanke , is to pump prime the economy through a mixed strategy of monetary and fiscal policies . It is posited that increasing funding to these black hole institutions ' will be the key to...