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The "Crude Tool" vs. the "Impotent Tool" |
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Written by Stumo
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Friday, 14 December 2007 |
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Not good headlines for Hank's SED®:
Boston Globe: US, China trade talks produce little
Washington Post: U.S.-China Talks Build Trust, but No Major Deals
NY Times: U.S.-China Trade Talks Conclude With Modest Deals and Mutual Wariness
Washington Times: China's currency defiance
Peter Morici: China's dragon does not flinch
Susan Schwab tells Congress to stay out of the way because the administration is working on it, and that legislation was a "crude tool". Better, I think, than no tool at all.
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We are simply morons in dealing with China on trade. The dont let our products in charge taxes on whtat is impiorted into China. They give substantial incentives to expost to the US. They do what ever they want on labot and envirnmental enforcement. They encorage technology to develop in thier country. We do NOTHING. We let manufacturing slip away, we let out youth be satisfied with carreers as waiters. We tellt eh public that we are a service soceity.
The Schumer Graham tarrif bill gets better looking all the time. If we do not like what a tading partner is doing THEN WE SHOULD DO SOMETHING NOW. letting the status quo continue demonstrates who is in control.