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Morici: What to look for in Thursday's GDP and Friday's Jobs Reports

AAM released a report today detailing how the U.S. went wrong in setting up its trading relationship with China.  The AAM bullet point summary is below the fold.  Full report is here.

Wacko free traders are in a tailspin.  The world will now end.  It will end... I say.

“It is a massive blow to confidence in the global economy,” said Peter Power, a spokesman for the European Commission, based in Brussels. “The confidence shot in the arm that we needed badly will not now happen.”

The Doha round moved its caravan to Geneva.  The U.S. blames China and India. 

Phil Gramm says we are a "nation of whiners."  Look out for a steaming pile of... editorials tomorrow whining about the collapse of the Doha round of WTO talks.