Expect this to be a major topic in the next election. Stupid. Fix our own house. http://burndownthefreakingmission.com
Republicans
and Democrats, liberals as well as conservatives, have bought into
anti-Chinese trade demagoguery. Former House Speaker Nancy Pelosi
suggested that tariffs against China are a "key part of our 'Make
It in America' agenda." During his 2010 campaign, Senate Majority
Leader Harry Reid, D-Nev., called his tea party-backed Republican
challenger, Sharron Angle, "a foreign worker's best friend." In
a recent news conference, President Barack Obama gave his support
to the anti-China campaign, declaring that China "has been very
aggressive in gaming the trading system to its advantage," adding
that "we can and should take action against countries that are keeping
their currencies undervalued ... (and) that, above all, means China."
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