You know it's an election year when pols are building straw men out of foreign nations, seeking to blame economic funk on the likes of China, India, et. al. and slap the current administration for its trade policies with these guys. It was not too long ago that Ross Perot spoke of the giant sucking sound, in that case setting up Mexico as the PiƱata for election year blather. Or when America cowered in the face of a pumped-up Japanese threat when Sony bought Columbia Pictures and even Hollywood looked to be part of an Asian contagion.
There certainly is a difference between free trade and fair trade -- particualrly when it comes to labor and environmental issues. But let's not waste time with 80pt. doomsday headlines, we've been there before.
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