President Obama was wrong to say at the Asia-Pacific economic summit that America has gotten “lazy” in the past few decades at attracting foreign investment.
What he should have said, in the light of his administration’s handling of the proposed Keystone XL pipeline, is that America has become quite adept at blocking foreign investment. To delay the project for more than three years and then, after giving every indication that it would go through, announce that the ultimate decision will be kicked past the 2012 election takes hard work and brio.
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