Friday, May 15, 2009

Trade Wars Launched

... With Ruses, End Runs

Outrage in Canada as U.S. Firms Sever Ties To Obey Stimulus Rules

by Anthony Faiola and Lori Montgomery - May 15th, 2009 - Washington Post

Rather than merely raising taxes on imported goods -- acts that are subject to international treaties -- nations including the United States are finding creative ways to engage in protectionism through domestic policy decisions that are largely not governed by international law. Unlike a classic trade war, there is little chance of containment through, for example, arbitration at the World Trade Organization in Geneva. Additionally, such moves are more likely to have unintended consequences or even backfire on the stated desire to create domestic jobs.

Barack Obama is going to destroy America with his amateurish attempts to control global trade. The world wide economic boom that has occurred in the last 20 years has certain problems but overall it has been good for America and good for the world. The simplistic socialist solutions of Barack Obama have inherent in them the ability to destroy global wealth as well as free enterprise here in America.

The consequences are going to be catastrophic.


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