Wednesday, September 24, 2008

Trade Deficit and Imports

US Freemarketeers: US crazy freemarketeers ~~> ship jobs, big trade deficits

American JOBS should stay in America and NO IMPORTS.

US should NOT import from China ~> problems solved ~~>
One of the biggest American problems is trade deficit.

China asks local lenders not to lend to U.S. banks:report
By V. Phani Kumar
Last update: 10:28 p.m. EDT Sept. 24, 2008
HONG KONG (MarketWatch) -- Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source.

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