Competitor or Enemy
I heard Obama get asked a question at the AFL-CIO yesterday whether he thought China was a competitor or an enemy. I am not very good at parsing politician-speak, but he seemed to answer "both."
How about neither? Let's try "partner in the worldwide division of labor" or maybe "home of a billion people who would like to trade with us 300 million individuals to our mutual self interest." Or maybe "One reason we have full employment AND low prices."
Our trade with Canada is 60% higher than with China. Does that make them an enemy? Yes, for some of the Democratic candidates.
David:
I just saw this and was wondering if you could comment on it. Hope just the link is ok.
China threatens to selloff dollar reserves
August 8, 2007, 8:28 am