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Is Obama's trip to China just another Presidential junket to China and another one of China's lectures, decrying our "profligate ways".
Today’s Wall Street Journal reports:, “China’s top banking regulator issued a sharp critique of U.S. financial management only hours before President Barack Obama commenced his first visit to the Asian giant, highlighting economic and trade tensions that threaten to overshadow the trip.”
Another Presidential junket to Asia and another one of the usual lectures from China, decrying our "profligate ways".
Most RecentMost Recommended Comments (2)
at 09:45 on November 17th, 2009
China and the American Jobs Machine China's export policy is really a social policy, designed to maintain order.
While this may be true, it doesn't help the US labor force, a substantial portion of
which is rapidly becoming unemployed.
at 15:17 on November 17th, 2009
After living in China for a couple of years now, it's obvious that their policy is looking out for their best interests and needs. The government does a good job on focusing on its own people and making sure that there are employment opportunities for them. If you walk around some of China's biggest cities, you will only see a handful of homeless and the majority of them have some sort of disability. If you go into a grocery store, you will be assisted by more people than is necessary. While their policies are not helping the US labor force, you have to give them credit for finding ways to employ the massive amount of people that they have.