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Byline: Michael Freedman
Barack Obama may turn out to be the most anti-big-business president in decades. His gentle bank bailouts are obscuring a get-tough stand on corporations, particularly abroad. Obama's choice for U.S. trade representative was the mayor of Dallas, with scant trade experience, suggesting the administration has little real interest in pushing the corporate case for free trade. The Justice Department has vowed to aggressively prosecute companies for bribing foreign officials, even though global money flows are falling and few other nations go after foreign bribery with anywhere near the zeal of the United States. Obama trumpets his ability to prioritize, but personally announced a crackdown on corporate abuse of overseas tax havens like the Cayman Islands. In doing so, he was making good on a campaign promise to rein ...