Posts about Politics as of September 14, 2009
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09/14/2009
Sit back folks, I think we’re heading for a big time trade war with China. Obama announced that the US is going to start imposing tariffs on Chinese imported tires. The U.S. has placed a 35% tariff on the almost $1.8 billion in tire imports from China. This was not done out of sound trade policies, but to appease his buddies who work for the UAW. They claim that this measure will save 7000 UAW jobs.
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11:53 PM
“Save 7000 UAW jobs.” And how many jobs of ancillary businesses will be lost like auto retail, transportation, etc? Now other union groups will see an opening and start petitioning for all sorts of protectionist measures because they wish to escape the consequences of having to compete in the marketplace with foreign producers. Great. This is just what we need during a weak economy–a escalating trade war with less jobs and higher prices for goods.
.-= vulcanhammer´s last blog ..Nobel laureate Norman Borlaug dies at 95 =-.
9:47 AM
and we are going to lose. bad.