Trade is supposed to be about trading. It is not supposed to just be a scheme to drive wages and living standards down by packing up factories and moving them across borders.
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China's Central Bank has said that it will begin to allow its currency, the yuan, to follow a more flexible exchange rate. So, can we all celebrate now? The fight is just beginning.
Over the past year, Brown held a series of hearings examining ways to rebuild U.S. manufacturing and is also fighting to ensure that our nation's trade laws work for domestic manufacturing and American workers.
Leave it to David Letterman to make the most critical economic point this year in one of his Top Ten lists.
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