http://www.democracynow.org/2011/1/20/has_obama_assumed_the_position_ofJanuary 20, 2011
Has Obama Assumed the Position of Salesman-in-Chief to China?What do the heads of Goldman Sachs, JPMorgan Chase, Microsoft, Motorola, General Electric, Boeing and the Carlyle Group have in common? They all attended last night’s State Dinner with President Hu Jintao. Earlier the White House announced $45 billion in new trade deals with China, including a $19 billion deal with Boeing and a package with GE expected to generate more $2 billion in U.S. exports. Some economists say the deals will hurt U.S. efforts to end the jobless Great Recession. "President Obama has assumed the position of salesman-in-chief for companies like Boeing and General Electric who are actually engaged, along with many other multinational businesses, in primarily outsourcing American jobs to China," says guest Robert Scott, senior international economist with the Economic Policy Institute.
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