Keep China in Check: "What I advocate is to set a goal to balance our trade account," he says. "We can do that with series of simple tariffs. And I would urge we take on [China's] manipulation of their currency and put a 40% or 50% tariff [on Chinese goods] and bring it down as the Chinese balance out their currency and don't use it as a predatory tool."
Choate, who was Ross Perot's running mate in the 1996 Presidential election, does see silver lining in the crisis facing market-based capitalism: "The problems we have with trade and lagging infrastructure [present] a real opportunity for the U.S. to get about creating new industries" in areas like clean energy, water and waste systems and high-speed broadband.
The problem, of course, is several of the nations cited above have a head start on America, thanks largely to state-sponsored capitalism. Meanwhile, the band plays on in Washington...
发表于 2010-9-9 11:03
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