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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (16666)	11/19/2003 8:19:03 AM
From: Northern Marlin	Read Replies (1) \| Respond to of 793647

Imposing quotas on Chinese textiles may have the desired effect of getting the Chinese to stop pegging their currency to the dollar. On the other hand, it may signal the beginning of competing trade restrictions between the two countries, similar to what is being threatened as a result of U.S. steel tariffs. Use of these tactics by the current administration only adds to my growing conception that no one in that group really understands economics. The two-headed monster (U.S. current account deficit and U.S. government deficit spending) continues to wreak havoc with our currency. Who knows how long other nations will continue to accept U.S. paper money for goods? This is not to say that I think one of the Democratic candidates will do a better job. No, I think the only politician in Washington who really understands our nation's economic plight is Ron Paul, who of course has no chance.