One's Observations

A collection of some things I observe along the way.

Retrieving...

"The Obama Administration waited until the wee hours of September 11th, 2009 to quietly inform Americans of its decision to slap new tariffs against low-end tire imports from China. Coming only days before this week's important G-20 meeting in Pittsburgh, an occasion when China will likely renew its campaign to push the world towards a post-dollar economy, the timing of the announcement seems particularly ill-advised. To be frank, it is like waving a red flag in front of a bull. It is not surprising that China instantly retaliated with their own duties on U.S. auto parts and agricultural products."

"The Administration's action could be simply explained by the president's need to mollify the trade unions that played a big role in his ascendancy to power. However, the equation may be more complicated."


"It is increasingly apparent that America and China are competing partners in a delicate and momentous power struggle, held together, temporarily, by mutual interest. America is the great consumer of the world; China, the great producer."


"But if you let your own currency go up in flames, you'll be the first to get burned. This strategy, though less suicidal than many presume, still ignores its biggest victim: average Americans. While Obama claims credit for a shrinking debt and growing exports, Americans will pay the price through rising costs for everything from tires to milk, continued joblessness, and depleted savings." (
BiiWii Article)

1 comments:

Right-Wing Libertarian said...

Well if my Cheng Shin motorcycle tires are gonna cost as much as the Dunlops, I might as well buy the high-dollar Metzelers!

Subscribe

Share and Save

Blog directory
Bloggapedia, Blog Directory - Find It!