Locke ambassadorship draws mixed steel views
Mar 10, 2011 | 09:56 AM
| Maria Guzzo
PITTSBURGH Industry reaction is mixed to President Obamas nomination of Commerce Secretary Gary Locke as the new ambassador to China.
Perhaps best summing things up, Peter Morici, a professor at the University of Marylands Robert H. Smith School of Business, said the ambassaorship post gives Locke a chance to bark but without much bite.
"Hes (Locke) certainly a good choice to be ambassador," Morici told AMM. "But I dont know that whoever is ambassador makes much difference if the president is not going to show more moxie in regard to China. Until we get some teeth in the currency policy, I dont know if it matters who is ambassador."
Daniel R. DiMicco, chairman and chief executive officer of Nucor Corp., Charlotte, N.C., chairman of the American Iron and Steel Institute, and a member of the U.S. Manufacturing Council, said Locke will be missed at Commerce.....
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