The Real Economic Lesson China Could Teach Us
January 19, 2011 at 15:56 PM EST
Highlighting today’s summit between Chinese President Hu Jintao and President Obama is China’s agreement to buy $45 billion of American exports. The President says this will create more American jobs. That’s not exactly right. It will create more profits for American companies but relatively few new jobs. Nearly half of the deal is for two [...]
