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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (44697)	9/27/2003 4:25:30 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Stephen Roach thinks that the Bush Administration is about to make another huge economic policy mistake: Morgan Stanley: A day in Washington has seriously dampened my newfound optimism. Cries of protectionism can be heard loud and clear in the hallowed halls of the US Congress. America's jobless recovery has finally reached a breaking point. Republicans and Democrats, alike, are up in arms over the steady attrition of employment in this so-called economic recovery. Job-related distress is bad enough. But unrelenting layoffs, together with record and ever-widening US trade deficits, are a toxic combination in this highly charged political season. For Congress, the agenda is clear: It is now time for action against those deemed responsible for the distress of the American worker. China is the target... Posted by DeLong at 09:23 AM