Government traders or traitors?

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What our government allows some countries to get away with in the name of free trade is demented, it is criminal.
Do we have traders or traitors running our foreign trade policy?

Time to get tough with China on trade

The Bush administration has abysmally mismanaged U.S. trade policy. We hope that the next administration learns from its mistakes. President Bush’s solution to the worsening U.S. trade deficit with China was (drum roll please) talk. That’s right. His strategy was talk, talk, talk; journalists call it “jawboning.” In December 2006, President Bush sent our government’s top five financial leaders to China to convince the Chinese to mend their ways and allow the yuan to
appreciate against the dollar. But, in 2007 our trade deficit with China worsened yet again to $252 billion from $229 billion the previous year. Talking loudly while carrying no stick doesn’t work.

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Date posted: Friday, May 9th, 2008 9:14 am | Under category: The greedy, demented, economy, irrational
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