Roger Marshall: “A deal is a deal. It is not a one-way street. We give accommodations; they agree to accommodations in exchange. They…”

“A deal is a deal. It is not a one-way street. We give accommodations; they agree to accommodations in exchange. They have got to live up to the accommodations that they have, in fact, agreed upon. If they don't, we need to take some action. But I do want to not associate myself enthusiastically with one aspect of the arguments in favor of this, and that is that somehow we have got to turn the Chinese into better consumers. No question improving consumption can lead to some of the benefits that we have already discussed. But also adding another billion heavy consumers here and another billion heavy consumers there may not necessarily be in our best interest from a global perspective, and somehow we have got to find a balance here. It is clear there is a large swath of the Chinese populace that could use some of the financial tools that we could make readily available to them and, as a result, wind up moving into the middle class. It is certainly something we should support and encourage. But, frankly, that the Chinese save a lot is not necessarily a terribly bad thing.”