Saturday, April 30, 2005

America Plays Paper/Scissors/Rock With China

FINANCIAL NEWS

There is much startling news about our rapidly deteriorting status in Asia today. All the forces that have been subterra are beginning to start earthquakes. This is the beginning of the Great Power Tsunami.

According to the NYT, Mr. Portman's (trade negotiator) nomination was held captive for several days by Senator Evan Bayh, Democrat of Indiana, who was demonstrating his irritation over what he and other lawmakers consider the administration's ineffective trade relations with China.

Indeed. We are awfully irritated with China for China is doing exactly what the Japanese have done with impunity for years except for the copyright violations. The Japanese were the ones worried about us violating their copyrights (ahem)! Nonetheless, America has many worries concerning China. We want to tell them how to adjust their currency.

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