Saturday, May 14, 2005
 
White House Thinks Your Clothes Are Too Cheap
In a move undoubtedly designed to stimulate the economy, the White House has determined that you should pay more for your clothes:
    The Bush administration is re-imposing quotas on three categories of clothing imports from China, responding to complaints from domestic producers that a surge of Chinese imports was threatening thousands of U.S. jobs.

    The administration action will impose limits on the amount of cotton trousers, cotton knit shirts and underwear that China can ship to this country. American retailers say that will drive up prices for U.S. consumers.
Higher prices and diminished sales always benefit consumers, retailers, and the economy. Or so this administration thinks when it starts slapping around the tariffs. Perhaps the Bush administration can only replicate the success of Smoot-Hawley in the twenty-first century.


- posted by Brian J. @ 11:57 AM
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