On CNBC above, Sen. Marco Rubio explains the twisted political logic of trade protectionism, and why he voted last week to protect domestic sugar growers from more efficient foreign competitors, and maintain our current system of crony capitalism and agricultural welfare for U.S. sugar farmers (paraphrased below):
We'll stop damaging our economy with higher sugar prices for U.S. consumers and industries using sugar as an input that burden them annually with billions of dollars in higher costs, and destroy thousands of American jobs in the process, just as soon as other countries stop damaging their consumers and economies with net job-destroying trade protectionism for their sugar farmers.
HT: Sallie James via Don Boudreaux
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