"Before the meeting began, concerns were raised informally by participants worried that the Ohio Democratic Party primary had prompted both Barack Obama and Hillary Clinton to talk of renegotiating NAFTA.
Participants at the State Department meeting pointed out U.S. political candidates could be expected to argue "protectionist themes opposed to global economic integration" as a tactic, without necessarily being committed to taking aggressive steps once in office.
"The political dialogue misses the point of economic reality," one participant argued. "There is a J-curve correlation between when a currency like the U.S. dollar depreciates and when exports kick in to increase. We should accelerate the J-curve and our discussion about it, to help the local politics catch up with the international reality." "
I just loved this part!!!! Basically the candidates are lying for votes, and they need to get people to get with the program because our currency is toast. Take your medicine like a good little voter...Next thing we will hear is the media drone on about how this is the greatest thing since sliced bread. First things first, get the cost of living so high we will accept it as the answer to inflation....
Mary