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Obama causes crash in Chinese market!

                A billionaire once told me that you can get more sweet things with honey than with sourness.  He was referring to when making deals sound nice and paint a nice picture, but the decisions however doesn’t have to be nice.  Obama surely practice this method and his actions are nearly always opposite to what he preaches.

                Recent events demonstrate Obama ability to double talk.  I remember on Feb 3 during a fox news interview, Obama said, “I agree that we can’t send a protectionist message”.  He then went on to say, “I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade.” 

                Those were really sweet words that the world needed to hear.  Yet Obama’s actions on behave of the steelworkers union a few days ago was a 180 degree of his “agreement” of message on trade.  Obama increased taxes on imported tires buy 35%!  The result of his action was that the Shanghai rubber futures tumbled by the daily trading limit today and was halted.

                Personally, I’m not sure what of Obama’s actions has left the sourest takes in my mouth.  The tariff itself that will result in other countries creating their own policies that restrict open trade or the fact that I’m forced to spend more money on a US made tire that falls apart when driving.  It’s not that the Chinese tires were significantly cheaper, they were also better quality.

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