Monday, September 21, 2009

Obama shows ugly roots on trade

It is beginning to look as if the Obama of the campaign -- I will renegotiate NAFTA -- rather than the more pragmatic Obama is coming the the fore. I know the International Trade Commission (which wouldn't exist if I had my druthers, even though a close friend worked there a long time) makes recommendations, and has a bias toward recommending sanctions against other countries -- that's the reason it exists. But the president doesn't have to take its advice. In deciding to slap a tariff on Chinese tires, I'm afraid he showed his true anti-trade (actually utter ignorance on economics period, based on the rest of his record) colors. Only one party, the United Steelworkers, wanted those tariffs. The domestic tire industry didn't. But Obama preferred to throw a bone to the union.

Even though the U.S. and China are remarkably intertwined economically and have no reason to upset one another in potentially harmful ways, this could set of a trade war. Perhaps more significant, as this Register editorial notes, it sends a message to the other G-20 countries, meeting in Pittsburgh this weekend, that a few little tariffs here and there are just fine with the U.S. I think most countries understand the benefits of trade, but a bit of proetctionism here and there always seems to play well with the rubes, always the majority in any country.


Anonymous said...

Good day !.
might , probably curious to know how one can make real money .
There is no initial capital needed You may commense earning with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates around the world.
Do you want to become a happy investor?
That`s your chance That`s what you really need!

I feel good, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion utilizes your money in a right way - that`s the AimTrust!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link
and go! Let`s take this option together to get rid of nastiness of the life

Anonymous said...

Hi there!
I would like to burn a theme at this forum. There is such a nicey, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I make money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I get now up to 2G a day , and I started with funny 500 bucks.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Turn to my blog to get additional info. [url=]Online Investment Blog[/url]