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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