..Economically, we hear again the fears of financial turmoil, and there will inevitably be financial disruptions, almost certainly manageable. Politically, there is already upheaval in Britain, with Cameron resigning as prime minister, and the Labour Party convulsed in its own leadership struggle. All of this is to be expected. It’s what happens when political revolutions occur.
Immediately, the United States should do everything we can, politically and economically, to come to the side of our strongest ally in the world. Contrary to President Obama’s threat during his recent visit to London, Washington should put a bilateral US-UK free trade agreement at the very front of our diplomatic agenda. The Federal Reserve, along with other central banks, should offer necessary liquidity to see Britain through the near-term financial turbulence.
But most of all, we should welcome Britain’s departure from the EU. Happy Independence Day!
John R. Bolton, a senior fellow at the American Enterprise Institute, was the US ambassador to the United Nations from August 2005 to December 2006
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[Boston Globe] John Bolton: Brexit victory is a true populist revolt
..Economically, we hear again the fears of financial turmoil, and there will inevitably be financial disruptions, almost certainly manageable. Politically, there is already upheaval in Britain, with Cameron resigning as prime minister, and the Labour Party convulsed in its own leadership struggle. All of this is to be expected. It’s what happens when political revolutions occur.
Immediately, the United States should do everything we can, politically and economically, to come to the side of our strongest ally in the world. Contrary to President Obama’s threat during his recent visit to London, Washington should put a bilateral US-UK free trade agreement at the very front of our diplomatic agenda. The Federal Reserve, along with other central banks, should offer necessary liquidity to see Britain through the near-term financial turbulence.
But most of all, we should welcome Britain’s departure from the EU. Happy Independence Day!
John R. Bolton, a senior fellow at the American Enterprise Institute, was the US ambassador to the United Nations from August 2005 to December 2006
Read it all