Identifier
Created
Classification
Origin
09SEOUL182
2009-02-05 05:15:00
UNCLASSIFIED
Embassy Seoul
Cable title:
MEDIA REACTION IN SEOUL
how-toVZCZCXYZ0000 RR RUEHWEB DE RUEHUL #0182 0360515 ZNR UUUUU ZZH R 050515Z FEB 09 FM AMEMBASSY SEOUL TO RUEHC/SECSTATE WASHDC 3148 RUCPDOC/USDOC WASHDC 8078 RUEATRS/DEPT OF TREASURY WASHDC RUEHKO/AMEMBASSY TOKYO 5330 RUEHMO/AMEMBASSY MOSCOW 9200 RUEHBJ/AMEMBASSY BEIJING 5224 RUEAIIA/CIA WASHINGTON DC RUEKJCS/SECDEF WASHINGTON DC RHHMUNA/USCINCPAC HONOLULU HI
UNCLAS SEOUL 000182
SIPDIS
STATE FOR EAP/PD FOR SWALKER, EAP/P, EAP/K
STATE PASS USDA ELECTRONICALLY FOR FAX/ITP SCHEIKH
STATE PASS USTR FOR RCASSIDY
USDOC FOR 4430/IEP/OPB/EAP/JDONIUS
TREASURY FOR OASIA/MGREWE
CINCPAC FOR J-74
E.O. 12958: N/A
TAGS: PGOV PREL MARR ECON KS US KPAO KMDR
SUBJECT: MEDIA REACTION IN SEOUL
Subject: Media Reaction
Global Economy
"Obama Should Change His Dangerous View of Economy"
Right-of-center JoongAng Ilbo editorialized (02/05): "It is
fortunate that President Obama has put the brakes on the U.S.
Congress' move to expand the 'Buy America" clause. However, the
provision has not been fully withdrawn. Trade protectionism and
extreme confrontation between the U.S and China would do no good,
only leading to collective suicide. The exchange rate issue or
trade friction should be resolved through dialogue and negotiation
within the framework of the World Trade Organization (WTO),instead
of threats and retaliation. It is very dangerous to take a look at
the world economy from the perspective of U.S. workers. The U.S
should return to free trade and international coordination. This is
the right path for the U.S and the world as a whole."
Stephens