I hate it when I agree with the New York Times
September 19, 2009 02:44 PM UTC
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Comments: 11
Protectionism has been an ugly undercurrent in this Administration for some time. Look at the free trade deals with Korea and Columbia it has sat on. When you allow unions to have as much say so in your trade policies as Obama does, it was inevitable. Remember his Mexican trucking ban and tariff increases on some Mexican fruits? Mexico retaliates and it costs us billions.
Now China will start up. Wonder who blinks first? They sure sell more than they buy. Like the economy needs this hit too.
The "Mexican Truck Ban" is a continuation of policy under both Clinton and Bush. The original agreement to allow Mexican Trucks and drivers on US highways was a (stupid) part of NAFTA. Neither Mexican trucks or Truckers are trained, screened or maintained to US standards. I've driven extensively in Mexico and have the gray hair to show for it.
I would not like to be the one to get the call from that union brother, or sister.
Unions are doomed.
Hey maybe we can do what they did before income tax and use tariffs instead of tax to run the government.
Much more than the money issues, it concerns me how many essential manufactured goods (like tires) we are importing from China. I noticed this down at the hardware store. Nails, nuts, bolts, hinges ... basic hardware. Almost all from China. Do we even have American producers of these fundamental goods? Like food, domestic production of certain goods is a matter of national security.
China, in particular, is in a strange socio-political space between old-school Maoism and whatever they are evolving into. The chances of major unrest and disruption in China in the next 10 years are non-trivial.
I personally been on a low-intensity boycott of China since the Tienanmen Square Massacre back in '89. (You almost can't live without buying some Chinese-made goods, but I dodge them as much as I can.)