Wednesday, January 31, 2007

Paulson: China must speed money reform

Actually, the best line is not the subject line but this one:

Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.

But clearly it's not. The administration could label China a currency manipulator, which it clearly is.

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