[JNB]

Let me guess, you will use that quote in your little anti Paleo-Con quote list, in a game of gotya that high schoolers resort to. As for Tariffs, ye sthey will work, and higher level of trade resitictions will force China to float the Yuan like it forced the Japanese to float the Yen in the 80s when the Reagan admin was sucesssful in getting the dollar knocked doan against the Yen by more than 50%.

The neo-cons who hero worship Reagan forget that the currency agreements that the US had with other industrialised nations that devalued the Dollar 50% against the Yen and 35% against the Mark were de-facto tariffs, and the dollar devaluation helped give US industry time to recove untill Rubin put the strong dollar policy back in place in late 94.

[Poohbah]

As for Tariffs, ye sthey will work, and higher level of trade resitictions will force China to float the Yuan like it forced the Japanese to float the Yen in the 80s when the Reagan admin was sucesssful in getting the dollar knocked doan against the Yen by more than 50%.

Gosh, that's odd...

Reagan didn't enact any trade restrictions on the Japanese. Hell, folks like you were complaining that he was giving the store away.