February 4th, 2010

OMG it's an elephant! in the room! that might actually get some attention

Finally.


http://www.calculatedriskblog.com/2010/02/obama-vows-to-address-yuan-exchange.html

Nice summary. Maybe we'll finally see some action on this.

I does seem a _tad_ mean to blame it all on China, however. The US has consciously pursued a strong currency policy since Reagan, as a way to buy off the workers with cheap goods to make up for the increasing sketchiness and general crapitude of their jobs. Gosh, that sounds familiar. Where did I hear about that happening before...