Bush blinks; Protectionist trade war averted

Bush, in yet another example of his sterling adherence to principles in the face of criticism, decides not to engage in a $2.2 billion trade war with Europe and lifts his illegal steel tariffs.

Sarcasm aside, here's a case where "caving" was a good thing, and I'm glad he's finally come to his senses, even though it required the economic version of the Cuban Missile Crisis to bring it to fruition.

[hat tip: Jane Galt]

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