Obama Op-Ed Shows He Won't Embrace Protectionism

Back to blog

Imports?

I recognize in this my youthful chess playing. I was aggressive and enamored of my own attack strategies, and failed to keep my eye on what my opponent was up to. Thus I invariably lost to good counterpunchers.

One should keep in mind what imports can do to our economy. We've shipped a net $7 trillion in wealth to China, jobs, and production capacity because we cannot compete with their low labor costs, and global competition is really just getting started.

Luther of IL @ Mar 25, 2009 03:28:49 AM

Back to blog

Add Your Thoughts
About You
Risky Business

Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!