Tariff sucks. Tariff sucks. Tariff sucks.
In case, you didn’t get the point… tariff sucks.
Obama and the business Mafia labor unions managed to screw up once again:
As China and some American companies denounce President Obama’s decision to impose tariffs on Chinese tires, the Obama administration can take solace that at least one important Democratic constituency is enthusiastically applauding the move.
At the A.F.L.-C.I.O. convention in this city haunted by the ghosts of shuttered steel mills, Thea Lee, the labor federation’s chief economist, praised Mr. Obama’s decision, saying it would help preserve American manufacturing. She said a surge in Chinese tire exports had contributed to the shutdown of several American tire factories and the loss of thousands of jobs.
Yes, Mr. Obama. Please, tax the shit out of middle class. Maybe one day they’ll cheer and vote for you in upcoming elections.
Who pays for the tariff? The MIIDDLE class. Who’s getting the benefit here? The aging US manufacturing business that cannot compete with China? The employees of these tire companies? Tax the rest so that the few, againg, industrial companies (that think innovation is changing a sticker on their product or changing an ad slogan) can live?
Why are you protecting these businesses that should close shop? They cannot compete globally for a reason: that they SUCK at innovating and keeping prices competitive. Let these companies die so that the Chinese (or whoever) can make them cheaper and faster, thereby HELPING US. The industrial era employees need to be trained and employed into the modern information world. Help them help themselves. Let market forces do their natural thing… and one of the things that things in nature do is COMPETE. Don’t punish the rest of the people to protect this dying tree.
Here’s the irony of all this: these US manufacturing industries died BECAUSE of gov’t intervention and unions that demand higher pay and blah blah for their workers. First give them the reason to die and to move away to overseass, then now give them the reason to barely maintain status quo by taxing the rest of us consumers. US gov’t (in its meddling with the natural economy) and the labor union are like crack dealers: they get the innocent person addicted… then when the dude’s about to die, give them some temporary remedy so he can live longer and keep using the crack.
Damn, this post is too filled with negative energy. Ok, here’s a positive note: gold is up. Yay.