I can't understand how people can be so ignorant. And I can't understand how people in positions of authority can be so. . .
Here's an example from todays (4/4/2010) Reuters news:
Reuters News story: U.S. delays China yuan ruling ahead of Hu visit, by Glenn Somerville (Additional reporting by Patricia Zengerle; Editing by Xavier Briand)
Here are the pieces that I believe are mis-information passing as news...
The U.S. Business and Industry Council, a trade group, said "for three more months, more American factories will close or cut back production and more of their employees will lose their jobs" because unilateral U.S. tariffs are needed to combat "predatory trade practices."
Instead, the U.S. Business and Industry Council should have said, "Why did all of those American companies move their factories to China in the first place. Those companies are the ones who caused these problems.... It's called cause and effect people....
"If we want the Chinese to take us seriously, we need to be willing to say so in public," Grassley said in a statement.
Finance Committee Chairman Max Baucus said Geithner should take a hard look at whether China is a currency manipulator and work with it and other trade partners to address Beijing's currency practices. "For years, Treasury has given China's currency practices a free pass, but it's time to re-evaluate," Baucus said. "For too long, the United States has pursued diplomacy at the expense of American jobs and exports. Further delay is not the answer."
I wish Republican Senator Charles Grassley would stop acting like its 1920, and that the US can just send its gunboats into China to solve their problems. If Americans want the Chinese to take them seriously, then they (US) needs to stop acting like the emperor of the world. Stop creating financial meltdowns which ruin the entire world economy, and stop with the idea that they are the only ones with answers to problems.... America is in fact NOT a part of the solution anymore, they are the problem.....
I just wish more people would think things out to their final conclusion before engaging their mouths...l.