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Obama ignites trade war with China

September 13, 2009

  On Friday evening the Obama administration announced that the United States would impose a new 35% duty on tires made in China. He announced this new policy in order to appease the unions that he owes his election to.

  This has infuriated China, they are now accusing the president of “rampant protectionism” and are threatening to take actions on United States’ imports into their country.

  Considering that the United States has borrowed billions of dollars from China in order to send out tax rebate checks and various other stimulus programs this seems like a very dangerous proposition to me.

  If China ever decides to call in on its debt the game is over.

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5 Comments leave one →
  1. September 13, 2009 9:11 pm

    I sent this to a gentleman that advise me and handles our investments, he needs to see this in the AM if he hasn’t already seen it…

    Like

  2. Deb permalink
    September 14, 2009 8:57 am

    Uh, huhuh, what? I really am loathe to have to ask this question about the POTUS, but is he stupid or just plain crazy??????

    Like

  3. vincent permalink
    September 14, 2009 1:43 pm

    That’s the plan, bankrupt America and destroy our way of life so that we can be more easily enslaved.

    Like

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