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Paulson's Task: China's Currency, U.S. Opinions
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Paulson's Task: China's Currency, U.S. Opinions

Analysis

Paulson's Task: China's Currency, U.S. Opinions

Paulson's Task: China's Currency, U.S. Opinions
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The United States is hoping to get China to address currency and trade issues between the two countries. As Treasury Secretary Henry Paulson takes a trip to Asia to pursue those aims, he is also seeking to ease domestic concerns that U.S. workers could be hurt by such moves.

Paulson says that his job is to fight hard for U.S. workers. And the best way to do that, he says, is to open up markets overseas, where more products made by Americans can be sold.

In contrast, the secretary referred to job losses as "short term problems" that America should not allow to derail its efforts to promote free trade.

Overall, Paulson has a very rosy picture about the future of the economy. In a week when former Fed chairman Alan Greenspan made waves by talking about the possibility of recession, the secretary insisted the U.S. economy is moving toward sustainable growth.

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