The Miami Herald | 12/14/2008 12:00:00 AM
Obama augurs better regional relations
Fernando Henrique Cardoso, a former president of Brazil, once quipped that the U.S. presidency carries so much importance globally that everyone should have the right to cast a ballot. He was not proposing a radical change of national sovereignty so much as reflecting the stake the world has in the U.S. elections, and now in President-elect Barack Obama. Nowhere is this felt more closely than in Latin America.
Initial concern over Obama's position on free trade fade each day with the naming of his economic team.
The appointment of moderate, capable economists and public servants -- such as Tim Geithner at Treasury, Larry Summers at the National Economic Council and Bill Richardson at Commerce (who closed his press conference promising to promote closer relations in the hemisphere -- in Spanish!) -- indicate that an Obama administration will be more free trade than he indicated on the campaign trail.
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