Looming cloud

New York times EDITORIAL: It Isn’t Working for Anyone Else

is a call to "War on Free Trade", which is supposed to be the core value of the corporate USA.

This one-dimensional accusation reflected the frustration of the "left" in this country. Their simple logic was always like this: if you cannot compete, complain about the rules, even though they are made by you.

Contrary to what they say, China and other developing countries' rise bring more good than bad. The economy is recovering and the price is rising again. But they are running out of patience because the speed of job recovery is not catching up with the waning of their political careers. So they want to use the usual populist scheme to shake off their own wrong-doings. Why not blaming China, for all the tainted toys, lost jobs and deficits. Why not create an even bigger enemy so that more government spending and regulations can be justified?

If they succeed, their pork-barrels, war-wastes, wall street ties, health care irresponsibilities, bone-cutting tax policies could all be wiped aside and start anew.

Whoever is writing the editorial is part of the coordinated attack against China recently. They are "exposing" Chinese companied dealings with Iran, calling Google and other companies to threat China(because they have failed miserably in competition in China), putting up tariff on Chinese steel, and basically trying to start an economic cold war to boost American domestic production. After all, it was war that dragged America out of the last Great Depression.

One thing exposed the editorial completely: these are the people speaking for the European and Japanese interests really, not American ones. Think about it, if dollar and Yuan sink together, who hurts the most? So I guess if that's the NY times editorial, the newspaper had better change its name to Trilateral Commission report.