Category Archives: Trade

Obama, Chrysler and the WTO

Here’s a good question for the Obamafia:

The WTO was engineered to ensure that companies whose governments subsidized them could not unfairly compete against privately-owned companies (basically so that European companies could not beat American private enterprise through government subsidies).

QUESTION:

Now that the US Administration owns a significant part of Chrysler — is that ownership a violation of the WTO accords?

(http://detnews.com/article/20090513/OPINION01/905130323/1008/Uncle-Sam-throws-wrench )

ANSWER:

Of course it is.

The government owns 80% of the company (and unconstitutionally took a majority stake to give to its favorite special interest – the UAW… your tax dollars at work subsidizing a failed […]

Posted in Domestic, Politics, Taxes & Economy, Trade | 2 Comments