« Obama returns Churchill bust, requests one of Chamberlain | Main | Hey Everybody, I have an Idea. Since Geitner Did Such a Great Job Fixing The Financial Crisis Let's Put Him In Charge Of Fixing The Auto Industry. (chad) »
February 15, 2009

Warning Shot in the Coming Trade War? (chad)

BEIJING —

Measures in a $789 billion U.S. stimulus package that favor American goods are a "poison" that will hurt efforts solve the financial crisis, an editorial by China's official news agency said.

...

"History and economics have told us, facing a global financial crisis, trade protectionism is not a solution, but a poison to the solution," the editorial said.

...

Protectionism was a key concern of weekend meetings of the Group of Seven industrialized nations in Rome. U.S. Treasury Secretary Timothy Geithner assured G-7 finance ministers on Saturday that the stimulus package would not violate the United States' commitment to free trade.

Xinhua's editorial said protectionist measures taken during the Great Depression of the 1930s caused trade wars, hurting international trade.

source

It's a sad day when the commies know more about free markets than the Congress and President of the United States.


digg this
posted by xgenghisx at 06:50 PM

| Access Comments




Recent Comments
5/8 Mex: "Posted by: Bertram Cabot, Jr. at December 16, 2017 ..."

JQ: "KT, saw your reply re: turnips/ greens-- thanks so ..."

Bear with Assymetrical Balls: "A good future movie thread might be movies that we ..."

blake: "Sigh. How about a complementary compliment? ..."

The Inexplicable Dr. Julius Strangepork: "Hi, is anyone still here? I used to raise dwarf r ..."

Stringer Davis [/i]]/b]: "But Hitchcock DID make a Titanic movie. He did the ..."

Northernlurker : "I thought In Cold Blood was a very good movie. ..."

blake: "Posted by: KT at December 16, 2017 08:54 PM (BVQ+1 ..."

Bertram Cabot, Jr.: " [i]Emperor of the North .. anyone ? Posted by: ..."

Hands: ""The Right Stuff" is very good. It can't be easy t ..."

troyriser: "I've seen 'The Passion of Joan of Arc' twice now. ..."

Harvey Weinstein: "Ain't nothing to phrenology neither. Posted b ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64