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Category Archives: Trade
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).
Now that the US Administration owns a significant part of Chrysler — is that ownership a violation of the WTO accords?
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 […]