Tuesday, September 15, 2009

Two Sides of Mouth

President Obama is for free enterprise. Quite a chat-up on Wall Street yesterday. Some phrases almost sounded like a capitalist.

Back during the Great Depression there was one action that likely prolonged our pain in the US.

Obama, buckling under the Unions, took that same debilitating step. He slapped a 35% tariff (tax) on imported tires. The action is aimed at China which has become a source of good quality and cheap treads.

Capitalist, free market -OR- tax competition.

'til later

No comments: