Posted on 07/26/2007 12:52:08 PM PDT by Contentions
This morning, New York Times columnist Nicholas Kristof launched a full-throated—and empty-headed—defense of free trade. Along the way he praised President Bush and attacked Senators Clinton and Obama.
Their offense? The pair of presidential hopefuls engaged in “cowboy diplomacy” by co-sponsoring legislation that targets China for manipulating the value of its currency (he was referring to the bipartisan Baucus-Grassley-Schumer-Graham bill). The proposed legislation, in Kristof’s view, will antagonize the Chinese, politicize trade disputes, and betray President Clinton’s “outstanding legacy on economic issues.”
(Excerpt) Read more at commentarymagazine.com ...
Do you recall what Chairman Greenspan said about this?
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