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Barack Obama has always been a protectionist double-dealer.
During the campaign season, he attacked John McCain for driving foreign cars. Never mind that among the 18 members of Obama’s auto task force and their staff, only two own American vehicles.
He also unveiled a “Buy American” logo to attack McCain as a hypocrite for embracing Harley Davison motorcycle riders’ support simply because he opposed a federal mandate that the government buy American-made vehicles. As I pointed out last summer, “there’s nothing hypocritical about opposing coercion in taxpayer-funded purchases. Hypocrisy is dissing America First voters while nibbling on Brie at private San Francisco fund-raisers and proclaiming to be embarrassed that Americans don’t speak Spanish –and then plastering the campaign with ‘Buy American’ stickers in the hopes of winning over a demographic you hold in utter contempt.”
As a result of “Buy American” provisions in Obama’s porkulus law, Canadian companies have “retaliated with measures effectively barring U.S. companies from their municipal contracts — the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.”
Free trade has cost us millions of jobs, most of our domestic industry, and while other countries will kick and scream when we start reversing that, I really don't care. Our long term survival depends on us reversing what free trade has done.
Regardless of what it is, or the intent of such policy, this is not going to lead to anything good. We do not want to start a trade war with China. They are just ramping up their industrial revolution and can easily crush us in the near future. Also, it seems stupid to try to push around our debtor. If we make them mad enough, they can call in our debt immediately making our dollar about as useful as a peso. Whatever, we have a lot of bad things that are coming home to roost in the near future as a result of our foolish decisions regarding fiscal and social policy at home.
We do not want to start a trade war with China. They are just ramping up their industrial revolution and can easily crush us in the near future. Also, it seems stupid to try to push around our debtor. If we make them mad enough, they can call in our debt immediately making our dollar about as useful as a peso.
So true, never fight with the hand that feeds you!
We owe our whole economic stability to China right now. If they decide to start dumping T-bills, how is Obama gonna keep up his economic policies? Seems like he is shooting himself (and all citizens) in the foot at this point in history. Playing chicken ain't so smart right now.
Regardless of what it is, or the intent of such policy, this is not going to lead to anything good. We do not want to start a trade war with China. They are just ramping up their industrial revolution and can easily crush us in the near future. Also, it seems stupid to try to push around our debtor. If we make them mad enough, they can call in our debt immediately making our dollar about as useful as a peso. Whatever, we have a lot of bad things that are coming home to roost in the near future as a result of our foolish decisions regarding fiscal and social policy at home.
china has the power is has now because we placed them there. Now, we can lie blame etc. as to who, when and how all day but that doesn't matter at this point. It is high time that someone gain the testicular fortitude to do what is right for this country.
Regardless of what it is, or the intent of such policy, this is not going to lead to anything good. We do not want to start a trade war with China. They are just ramping up their industrial revolution and can easily crush us in the near future. Also, it seems stupid to try to push around our debtor. If we make them mad enough, they can call in our debt immediately making our dollar about as useful as a peso. Whatever, we have a lot of bad things that are coming home to roost in the near future as a result of our foolish decisions regarding fiscal and social policy at home.
We're already losing the trade war, one job at a time (or rather, hundreds and even thousands at a time everytime a factory shuts down here).
They have already dumped many of their dollar holdings so while it could lead to inflation if they dump the rest, inflating our dollar will lead to them losing their ability to compete. That is why they keep their currency manipulated low.
Maybe you can explain what you mean, or is that too hard!
why be condescending?
No, it isn't hard....
I have made my point time and time again on threads such as this. You can read my post below. It is more than obvious that what has been done in the past is NOT working. It is past time to get protectionist. Canada does not offer anything to this country that we could not do for ourselves if the wheels are set into motion.
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