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Morici: "Governor Romney is right. The United States must get tough with China"
University of Maryland business school economist Peter Morici had another great blog posting on CNBC yesterday (Romney Is Right—US Must Get Tough With China: Morici). He begins:
He dismisses Obama's token efforts, such as his latest WTO complaint that China is dumping autoparts and cars on the U.S. market. According to Morici:
One need look no further than the following graph that we put together in order to see President Obama's total failure:
Morici argues that it will be impossible to bring back American prosperity and jobs without switching presidents. He concludes:
Every part of Morici's commentary is worth reading. It includes a clear and concise summary of our trade relationship with China, both the benefits and the costs.
Journal of Economic Literature:
Atlantic Economic Journal: