Thursday, September 24, 2009

Obama sold out frugal consumers for his union bosses financiers

At almost midnight, Friday, September 11, 2009, timed while the country was sleeping, President Obama signed a prohibitive 35% tariff on low-cost Chinese tires. The result will be jobs lost, and prices greatly increased on tires. This directly punishes the middle class and those lower on the economic ladder: frugal consumers. And it rewards the union bosses who financed his election. When push came to shove, the President of the United States of America supported those few union bosses who paid for his election with workers' union dues and turned his back on the many who are financially struggling in part as a result of his policies. It shows what kind of a man the president is....And China is threatening retaliation against U. S. chickens and auto parts. Mr. Obama is continuing to make America mediocre -- the country that championed free international trade that brought millions of human beings out of abject poverty.

A Web posting somewhere by Doug Palmer, Reuters:

Obama is hampering trade with policies like his embargo on Chinese tires

Trade policies pursued by President Barack Obama and the Democratic-controlled Congress since the start of the year could lead to the loss of 585,800 U.S. jobs, a study said on Tuesday (September 15,2009). The study done for the U.S. Chamber of Commerce attributed almost two-thirds of the potential job losses, or 383,400, to Congress’ failure to approve free trade agreements with Colombia and South Korea. Passing the two agreements and a third pact with Panama should be part of a national plan to double U.S. exports over the next five years, U.S. Chamber of Commerce President Tom Donohue told reporters in a conference call. "A major surge in exports is our best path out of a recession, out of double-digit unemployment and the exploding deficits we’re now experiencing," Donohue said.

And: China on Tuesday invoked defense of its "public morals" in appealing a World Trade Organization ruling against restrictions on distribution of Hollywood movies and other Western media, according to a copy of the appeal reviewed by The Wall Street Journal (September 22, 2009).  The move reflects escalating trade tensions between the two major trade partners ahead of the Group of 20 summit in Pittsburgh this week.

And on September 24, the United Steelworkers union in conjunction with three paper companies leveraging its success with its beholden President of the United States, filed another antidumping case against China and Indonesia, this time with shiny, coated paper.  Obama is supporting the kind of trade wars that caused the Great Depression.  Have at it Mr. President you sold out frugal tire consumers, now sell out the United States, for union bosses cash.

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