Obama on protectionism
Submitted by Smitty on Sat, 01/31/2009 - 9:23pm
Because of some of the "American Made" provisions in the new stimulous bill being considered currently by the Senate, there is a controversy over the "American Made" provisions in that bill. An example is buying military uniforms made from U.S. textile products rather than China, which is what is happening in large part currently. In addition, there are questions about American made steel. Japan is a big supplier of steel to us, currently.
Europe and Canada are really nervous about this and they are threatening a quid pro quo against the U.S. on it.
This will be interesting on how Obama and the demos handle this.
I know there are a lot of dynamics involved in this...but my initial feeling is...screw them. We have to watch out for our own country (for a change). But, I do know there are a lot things to be considered.
Here's the link:
http://www.roadrunner.com/home/home/article/9000/6727352/Obama_facing_di...
The Chinese and Japanese hold most of our debt.
On the other hand, their own economies aren't so good and the US dollar is still better than their own. So, Yeah, let's do a little looking out for ourselves. I think they'll get over it.
Stan Bozarth
well, I wouldn't say
"screw them!!" That's a little ugly, imo.
However, in my own life, I try to buy local products if possible. It would be a good practice for all of us, at every level, including the national one.
Hmmmm...
I did say "screw them"...but it was an initial feeling and didn't have exclaimation points. Maybe someone else said that.
The best thinking is independent thinking.
I read the exclamation points in your post.
Sorry. Are we really going to quibble over punctuation now?
Nah...
It's just that my posts seem to get "changed around" a bit here sometimes...not by everyone...so I'm "testy" on that issue right now.
I'll quibble with ya when the game's over tonight.
:>)
The best thinking is independent thinking.