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Archive for June 24th, 2005

Switching Crisis II

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Looks like the republicrats are starting to steer the ship of state away from the Washington Beijing Consensus…

The bid by a state-run Chinese oil company to swallow a U.S. competitor “threw gas on the fire,” said Sen. Lindsey O. Graham (R-S.C.), who has coauthored legislation that would impose a 27.5 percent tariff on Chinese imports unless China allows its currency to rise in value.

“Fighting back is not protectionism,” Graham told Greenspan and Snow. “No more saber-rattling. We want results.”

Link.

This is a shit spot for our elected representatives, now isn’t it. After years of balls out effort to maximize profits on behalf of oil company shareholders, up to and often including imperialistic invasion, interminable landwar, whatever they need, now they have to turn on a dime and reject share price inflating international free trade…

An object lesson to pair with the free market/nationalism stuff that Reason Thunders has been working on lately…

Does force us to reexamine the old cliche, we are “run by the oil companies,” doesn’t it? What would happen if said oil companies are not just administated by the Chinese, but by the CCP?

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June 24, 2005 at 2:13 am

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