Tuesday, August 26, 2003

Republicans are finally figuring out what's wrong with the American economy:

With unemployment high and American manufacturers reeling from three years of misery, politicians and businesspeople around the country have found a villain to blame for these troubles: China, or more specifically its currency.

In South Carolina, the Republican governor, Mark Sanford, cites the currency, the yuan, as posing a major threat to his state's struggling textile industry by making Chinese exports unreasonably cheap.

And in Washington, the Bush administration is gearing up to put direct political pressure on China next week when Treasury Secretary John W. Snow makes a highly publicized trip through Asia. The subject was near the top of the agenda when President Bush met with his economic team two weeks ago in Crawford, Tex.

Good to know it's got nothing to do with them...


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