Posted on 09/11/2009 7:17:37 PM PDT by Orange1998
President Barack Obama on Friday slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home.
Obama had until Sept. 17 -- next week -- to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. A powerful union, United Steelworkers, blames the increase for the loss of thousands of American jobs.
(Excerpt) Read more at finance.yahoo.com ...
Well, it will take some time before the tariffs kick in go for it. LOL!
Yeah, that’ll show them! We’ll completely crash our economy, drive unemployment beyond 30%, and THEN where will they be? They’ll have to sell their tires to the rest of the world... HAH!
I suppose for a follow-up act we could commit mass suicide and really teach them a lesson...
You forget that this is how the recession of 1929 that became the Great Depression began.
What an ass clown. This idiot does not understand one thing. Either that, or he is intentionally trying to push us into a depression.
Should be interesting next week. Don’t hold any dollar postions and sell Tyson Chicken.
Smoot-Hawley redux!
The Great Depression began with protectionist tariffs during a recession. However, China can’t really respond in kind because the import very little for public consumption.
Open your eyes.
We’re already destroying our economy, by sending everything of value; our jobs, our knowledge, our factories, and 200 years of national treasure.
To China.
Well. So stop. At the current rate we’re heading for oblivion anyway. Might as well take a stand.
BUY AMERICAN.
Outsourcing = treason.
Exactly.
WE are the ones doing all the importing.
So. Stop.
The great trade war begins.
" Israel."
You are correct. And Honduras.
Bozo plus One!!!
Soaring Chinese imports of American chicken meat already have been mentioned by Chinese state media as a possible target. Beijing also could sell some of its extensive holdings of U.S. Treasury debt, which could unsettle markets.
Hmmm...will China target imports of American chicken meat or will they dump more U.S. Treasury debt which could "unsettle markets" just a wee bit....?
Totus is really playing with fire here. He knows damn well it won't be just chicken...
First ... Increase SPENDING
Second .. RAISE TAXES
Third ... Impose TARIFFS
Stir together and what do you get?? DEPRESSION!!
Hmpf...well I’d be willing to pay MORE for Chinese tires then, just to spite the Obommunist and the unions...
Instead of selling them the fish we taught them how to fish. The genie is out of the bottle.
While you’re at it being “principled”, quit your job and have your boss send it overseas.
Oh. And close your bank account, and give away all your money.
Because that’s exactly what we’re doing now.
ya we all have tire making jobs and we know how nice protectionism works. but its really not about anything but money and power
Who do you think is buying our debt?
If they cut off the gravy train, we won’t have cash to buy anything, yet alone American made goods.
What do you propose?
We do more of the stupidity which got us here?
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