Paul S. Sarbanes: “It's very clear that in the recent past, we experienced 4 percent unemployment without an inflation problem.”

In my view, this is a very shortsighted approach, both as a matter of policy and negotiating tactics.

In Maryland there would actually be a $2.73 billion loss in property values related to the wealth of Maryland residents.

Do you think they made that decision in order to sustain the currency position and gain a trade advantage from it?

There has been an incredible deterioration in recent years in the U.S. trade deficit.