It's rare to see a funny line in a story about the U.S. trade deficit (which climbed to a record high for the fifth straight year, the Commerce Department reported yesterday). So congratulations to Alan Tonelson, who was quoted with this zinger in the Washington Post today: "If President Bush deserves blank-check trade negotiating authority from Congress with this record, then Paris Hilton deserves to be Girl Scout of the Year." Tonelson, a research fellow at the U.S. Business and Industry Council, wrote a perspective column that Plastics News published a few weeks ago, "U.S. losing ground, even in U.S." Both his column, and the Post story, are worth a read for anyone who wants a deeper understanding of the trade issue. Washington seems to be filled with free trade advocates, but the split between Congress and the White House probably puts trade issues on the back burner, at least until after the election. But it's likely that we'll see continued pressure on China to revalue its currency.
Humor in Washington ... no, really
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