Currency and or Clueless

http://www.foxnews.com/politics/2010/11/12/obama-global-economy-path-recovery/

Taken from the article: Obama failure to get a free-trade agreement with South Korea and lackluster international support for his get-tough policy with China on trade and currency dispute. Plus criticism from other countries about a decision by the U.S. central bank to pump $600 billion into the U.S. economy, something China, Germany and others believe could weaken the dollar and lead to inflation.

Yesterday, to give you a sense of reality, some numbers were released:
• US exports to China $ 7 billion
• China exports to US $34 billion
I would call that point of order for perspective on this escalating China dominance.

For more light reading and you economist here is a good article:

http://www.economist.com/node/17460954


Bottom line is Obama is out of his league and his Administration is running in circle. Their action and reaction are counter productive to everything they attempt. I don’t have answers nor can I add much to search for answers but my feeling is that the Obama Administration is a failure in the World of Economists. agree or disagree

What will be the effect of this failure on America?????

WOW ! Obama failures continues to blossom world wide ....reject by G-20

http://www.foxnews.com/world/2010/11/12/g-refuses-push-chinas-currency/


Please America can we just lock this guy in the White House for the next two years, cut all travel expenses of the Public Servant so the whole world does not see what incompetency really looks like…

Trade deal with South Korea was a lay up ...a gimmie from Bush ....but Obama with the influence of the Unions was rejected.... go figure!


http://www.cnsnews.com/news/article/obama-fails-secure-free-trade-deal-south

Blame Blame Blame ....everyone but your own incompetency and failure

http://online.wsj.com/article/SB10001424052748704462704575609770024501384.html


Come on Democrats and Liberal another failure you can’t defend. This was a lay-up give to Obama by Bush …..but no Obama rejected. Why because he and his administration and the union influences screwed up the deal….

From this point forward Obama will be (if not already) a joke to other world leaders.

Add one more failure to Obama long list of failures …..

WOW! I can't believe no one is coming to the Obama support on this ..... has the Democrat and cowardly Liberal seeing the reality of Obama failure. Many of you would be all over this and my comments and the denial that the Public Servant drop the ball, missed the lay-up, chocked the slam dunk and walked away with his tail between his leg….. Obama had nothing (screwed up Bush’s work) and was unprepared ….
The world leaders are now seeming Obama for what he is …… failure, incompetent, fraud Oh my!

This thread is almost as bad as Darby's play-by-play of the Yankee game a few years back.

ernest_t_bass;559451 wrote:This thread is almost as bad as Darby's play-by-play of the Yankee game a few years back.

BL ..... belly laugh

Yes, the South Korean Free Trade Agreement was a setback. But, I'm guessing it has more to do with Beef imports and the continued RoK resistance to US Beef. I'm guessing the administration played a tough line, and the South Koreans did not budge on their resistance to beef. Just a guess.

Another guess is that the RoK is trying to leverage the Free Trade agreement with the Nuclear Reprocessing agreement that is up in 2014 and talks just started. South Korea wants to reprocess their spent fuel-a costly and very proliferation prone technique that the U.S. is against given North Korea next door.


I must also add the administration has done really well in terms of South Korea-in the security realm. It has continued the U.S.-South Korea defense agreements, moved South Korea to a leadership position in the Proliferation Security Initiative, and has continued consultations on "extended deterrence" and the "nuclear umbrella" after the release of the U.S. Nuclear Posture Review in April.

Administration finished the RoK Free Trade Agreement yesterday.

As I guessed the sticking was South Korean resistance to the US Beef market.

In a concession to South Korea's internal politics, a U.S. demand for unfettered access to the South Korean beef market was set aside for now, leaving in place that country's ban on the import of older U.S. meat. Linked to an earlier scare over mad-cow disease, the beef restrictions are emotionally charged in South Korea, but the existing limits are of little economic importance to a U.S. cattle industry fighting to regain a market largely lost to Australian producers in recent years.

The changes, coupled with the promised elimination of stiff South Korean tariffs on U.S. farm products and the prospect of a more open market for U.S. financial, engineering and other service companies, was enough for Obama to decide to try to win congressional approval of the South Korea agreement next year.

Now, hopefully, Congress can give it a look next year.
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/03/AR2010120306898.html