Political Quotes

“today the administration is concluding its much-heralded fourth session of the strategic economic dialog with officials from the Chinese Government. Obviously, there have been three of these previous to this, when Secretary Paulson, Secretary of the Treasury, the brain of the Bush administration's economic policy, a very successful Wall Street banker who came to Washington amid all kinds of plaudits from at least Wall Street and many of the newspaper publishers and editors who side with Wall Street on most issues-- Secretary Paulson is an honorable, decent man. He went to China again to engage in these strategic economic dialogs. The big announcement today from these strategic economic dialogs, SEDs, is an agreement to begin negotiations for a bilateral investment treaty. That is all he has agreed to do with the Chinese, is to talk about how we can help American investors in China get a fair shake from the Chinese Government. Of all the pressing issues we are currently facing in our bilateral relationship with China, Secretary Paulson chose to emphasize issues, frankly, that only stand to benefit the largest investors, the largest mutual funds, the largest hedge funds, the people on Wall Street who have benefitted the most from this global economy, the largest corporations that are outsourcing jobs to China. That is who benefits from these four strategic economic dialogs.…”