Obama has officially enacted a 35% tariff on rubber tire imports from China. Hopefully this is a last terrible move that comes from Obama's administration.
Chairman of the Federal Reserve Ben Bernanke has overseen the largest liquidity crunch in over 70 years! Bernanke has creatively expanded the Federal Reserve's balance sheet, authority, and repsect throughout his 4 year tenure. As Chairman, Bernanke will now have to oversee the withdrawal of about $1 trillion from the money supply while still maintaining economic growth. This will be a challenge that only Bernanke can be trusted with.
Kind of a random thing to be tarrifing, isn't it? Why not against all things from China or somethign along those lines?
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