February 16, 2009
CHICOMS TO THE RIGHT OF HIM...:
China editorial slams 'Buy American' provision (AP, 2/16/09)
"History and economics have told us, facing a global financial crisis, trade protectionism is not a solution, but a poison to the solution," the editorial said.
U.S. labor groups that pushed hard for inclusion of the measures have argued that their main purpose is to ensure that U.S. Treasury dollars are used to the fullest extent to support domestic job creation.
China has promised to avoid "Buy China" protectionist measures in its own multibillion-dollar stimulus effort, and appealed to other governments to support free trade. Deputy Commerce Minister Jiang Zengwei said in early February that China would "treat domestic and foreign goods equally so long as we need them."
It's not often that a communist dictatorship lectures a US President about our own values and has it right. Posted by Orrin Judd at February 16, 2009 10:17 PM