June 23rd, 2010

bswing

Protectionist Shipping Law Hinders Gulf Clean Up

Oil continues to spew into the Gulf of Mexico from the site of the BP oil rig, yet the Obama administration refuses to relax a protectionist U.S. shipping law known as the Jones Act that makes it more difficult for foreign-owned ships to help contain the damage.

According to an article in the Daily Caller this week by our former Cato colleague Chris Moody, foreign-owned ships have offered to assist the American-owned fleet in skimming oil and other tasks. But some of the foreign ships have hesitated to enter U.S. waters because of the 1920 law that reserves inter-coastal shipping to vessels that are built, owned, and crewed by Americans.

Although cloaked in terms of national security, the act is really a protectionist measure designed to insulate U.S.-based shipbuilders, ship operators, and their unionized crews from global competition.

Three GOP senators representing Gulf states have introduced legislation to temporarily suspend the Jones Act in the region of the spill. So far, President Obama has refused to act, despite his assurances that he is doing all he can to contain the damage.

Posted via email from crasch's posterous

bswing

QUOTE: "Democracy is the political regime in which the citizen entrusts the public interests to thos

“Democracy is the political regime in which the citizen entrusts the public interests to those men to whom he would never entrust his private interests.” -- Nicolás Gómez Dávila

“Dying societies accumulate laws like dying men accumulate remedies.” -- Nicolás Gómez Dávila

“Universal suffrage in the end does not recognize any of the individual’s rights except the ‘right’ to be alternately oppressor or oppressed.” -- Nicolás Gómez Dávila

Posted via email from crasch's posterous