Wal-Mart welfare

The “Seattle Post Intelligencer(link to the P.I. editorial page)”:http://seattlepi.nwsource.com/opinion/144008_traded.html asks the right questions about the US trade imbalance with China. bq. Ten of China’s top 40 exporters are U.S. companies with local factories. Many of these make things that stretch U.S. paychecks because they’re sold at the always low prices at Wal-Mart. Does the president really want to add a 10 percent or 20 percent tax increase onto everything from towels to televisions?

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