us consumer debt 2009
Why is Obama starting a Trade War with China? Is this really what we need at this point in time?
These people own our debt…
From Article:
“China’s government responded quickly to the announcement, saying in a statement that it “strongly opposes” what it called “a serious act of trade protectionism.” China “reserves the right to make further response,” the Ministry of Commerce statement said.”
http://online.wsj.com/article/SB125271824237605479.html
From Article:
“Chinese tire producers have reached a consensus that we are going to raise the price on tire exports to the US by large margins,” Zhou told Guangzhou Daily. He added that the move would make American consumers feel the pain caused by the new tariff.”
http://www.chinadaily.com.cn/china/2009-09/17/content_8700670.htm
Yeah except it will cost A LOT more and they make A LOT of the tires. So, yeah it’s a problem…
0bamanomics will be the ruin of our economy
