Investigative Journalism
Both parties are winking and nodding and giggling behind your back that the way to save jobs is to change the value of China’s money. It’s a brilliant cover for the bi-partisan banging the American worker received with the one-two punch of NAFTA and ‘Most Favored Nation’ trade status for China. There are 700 Wal-Mart plants in China — zero in the USA. Hillary Clinton was on the board of Wal-Mart when that shift went into full swing. No wonder she’s joining George Bush in talking about baloney like “exchange rates.”
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This whole interview is interesting.
1 comment:
There is also the other issue of money expansion/credit expansion which has allowed Americans to overconsume. The lack of U.S. savings has fueled the Chinese expanison. The whole trade imbalance occurs for two real reasons: oil and excessive consumerism.
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