Obama Slaps tariffs on Chinese tires

http://finance.yahoo.com/news/Obama-to-impose-tariffs-on-apf-2199438691.html?x=0&sec=topStories&pos=main&asset=&ccode= ^

[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.

[Principled]

Oh this is gonna work out real nice.

[spyone]

Absolute idiocy.

[FightThePower!]

Good. We should look out for our own. Who cares if we can borrow money to buy more Chinese money to by things we don’t make here with money we don’t have.

[airborne]

So it appears that China is the only country Obama hasn't apologized to so far.

And they're the only ones who could call in their markers and bankrupt the country.

It's clear to me that he is bound and determined to destroy this nation before his first term ends!

[Orange1998]

The tariff is steep and the Unions get their way.

[OCCASparky]

Oh, goody—yeah, let’s start a trade war in the middle of a recession! What a great idea! Hawley-Smoot all over again! Wheeeee!!!!

[Graybeard58]

but placate union supporters important to his health care push at home.

But of course!

[RushIsMyTeddyBear]

He REALLY should slap tariffs on MOshell’s ‘tires’.

[Cringing Negativism Network]

First thing Wee-wee’s done I agree with.

Let the trade war begin.

[Orange1998]

We are past the bell curve on that thought. China has us by the short hair.

[doc1019]

The dollar is at an all time low, inflation is at an all time high and Obama wants to tariff China? Obama is a buffoon extraordinaire.

[Graybeard58]

So it appears that China is the only country Obama hasn't apologized to so far.

Israel.

[EagleUSA]

And how long before China calls in our loans???

[Uriah_lost]

Smoot Hawley anyone? Second shoe incoming.....

[UCANSEE2]

The biggest problem is I need two new front tires.

[Cringing Negativism Network]

Second shoe:

HALT ALL CHINESE IMPORTS.

Just do it. Now.

[NonValueAdded]

For a study on the last time the gubermint tried to help the steelworkers, read Economic stupidity.

[dalereed]

Having been signatory to labor contracts for ovewr 40 years I do my best to never buy anything that is union made!

[webschooner]

No Free Trade for thee ... the Obamaloonatic hath spoken ...