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Here’s a letter to National Review Online:
Meant as a threat rather than as a slice of sensible advice, Pres. Obama – as reported by Deroy Murdock – warned on his recent trip to Asia that “No nation should assume that their path to prosperity is paved simply with exports to the United States” (“Stop Slamming China [2],” Nov. 19).
Translation of the President’s attempt to intimidate: “The American government will not stand idly by as other governments enrich America with subsidized goods and services. No! We will burden with additional taxes and regulations the millions of Americans who insist on stretching their incomes further by buying low-priced imports that we – using conveniently elastic criteria – determine to be subsidized by foreign governments.”
Sincerely,
Donald J. Boudreaux