Saturday, September 12, 2009

Obama institutes tariffs

Obama approves tariffs against Chinese Tires.

Smoot-Hawley, anyone?

If we've learned anything about economics this century, it's that tariffs to protect jobs don't protect jobs. He again shows that he is far more the politician than the economist.

(protecting labor conditions, protecting the environment, those are different, because you're willing to sacrifice some jobs for those)

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