Jim Brown –OneNewsNow
Obama team quakes at Chinese resolve
A former Republican presidential candidate says the Obama administration,just like the Bush administration,is attempting to “soft-pedal”a concerted Chinese effort to transplant the industrial base of the United States into China.
Last week the Treasury Department claimed in a report to Congress that no major U.S. trade partner,including China,had manipulated its exchange rate to gain an unfair competitive advantage. Treasury Secretary Tim Geithner has apparently backtracked from testimony he gave in January during his Senate confirmation hearing,when he claimed China manipulated its currency.
Former Republican presidential candidate and California Congressman Duncan Hunter says the Obama administration is taking the easy way out with communist China,just as the Bush administration did.