As Chinese President Hu Jintao visits the United States, Lou Dobbs hammers the Bush administration effectively on its failed economic and trade policies.
Dobbs says, "The fault lies entirely with the U.S. government, our lack of strategy and our failed policies. This administration and U.S. multinational corporations have lost sight of the national interest. This administration and the Republican-led Congress have permitted the dismantling of America's manufacturing base and created a dependency on China....
He adds, "Our leaders are the fools, and China's leaders are not to be blamed for taking advantage of this administration's commitment to faith-based economic theories and so-called free trade that permits the Chinese access to the world's richest consumer market while China denies our businesses access to its emerging market."
Dobbs slams "ourselves and our business leaders" for offshoring production, the transfer of our knowledge base in technology, and for shipping middle-class jobs to China in search of lower labor costs.
The entire piece can be found at http://www.cnn.com/...