When will he stop? When will he realize that every fiscal move he's made since his inauguration has hurt this country? That instead of healing the global economic crisis, he's rubbing salt on it's wounds?
This new tariff not only harms China, but ourselves as well. By percentage, we're increasing the tax on Chinese imports almost 900%. So not only is he risking damaging the already fragile relationship we have, but he's also dropping a bomb on the Chinese economy. We might as well have just placed a sanction on them. It probably would have yielded less confusion.
It's like he can't help himself lately. He claims that he wants to mediate between the two sides and find common ground, but his actions speak entirely different tales. For instance, he hasn't invited Republicans to the White House to discuss health care reform since the Spring. What a great mediator!
I wouldn't be surprised if the Chinese do indeed retaliate financially. They'd be entirely justified, and maybe the slap would teach Obama a lesson about respect and cooperation.
2 years ago
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