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Such bottom line mentality on the part of banks and business will result in another FDR being elected to office if it pushed to an extreme.

Not to mention what will happen when China decides not to play nice with us anymore.

Free Trade???

or...

How our Corporations conspire with communists to destroy our Country and way of life, while some conservatives cheer our emasculation.

http://www.tradereform.org/2011/01/chinas-reagan-esque-trap-for-obama/

China Threatens to Use ‘Financial Weapon’ Against America

On Monday, People’s Daily, China’s leading newspaper, stated it was time for Beijing to consider using its “financial weapon” against the United States.

The Communist Party’s flagship publication suggested that the Chinese government “directly link” its purchases of US Treasury debt to Taiwan arms sales and “require” ratings agencies to downgrade the United States in order to force up interest paid to China. China should also “launch limited trade sanctions” against states whose representatives in Congress supportTaiwan. “China-US relations will always be constrained by these people and will continue along a roller coaster pattern if China does not beat them until they feel the pain,” the paper said.

The context for the stinging piece in the party’s self-described mouthpiece may be proposed arms sales to Taiwan, but the general message is clear: China should use its holdings of American obligations to accomplish its many geopolitical aims. “In fact, China has never wanted to use its holdings of US debt as a weapon,” the paper noted. “It is the United States that is forcing it to do so”.

http://visiontoamerica.org/3521/china-threatens-to-use-financial-weapon-against-america/

Cheer leaders for the type of “free trade” being practiced today need to remove their heads from their greedy...asset sheets.