CNBC's Erin Burnett is defending comments she made recently on Hardball, related to China's manufacturing woes: (ie. lead-based Barbie):
"I think people should be careful what they wish for on China. If China were to revalue its currency, or China is to start making, say, toys that don't have lead in them or food that isn't poisonous, their costs of production are going to go up, and that means prices at Wal-Mart here in the United States are going to go up too."
This morning MSNBC's Joe Scarborough said to Burnett "...some people have gotten upset by some things you've said." Burnett responded:
"I'm glad you're giving me this chance to talk about it...I've been trying to explain this throughout the week...if you wanted increased safety and quality from China...that might mean you had to pay a little more for it. Of course we want to have safe toys and safe food but nonetheless, I just wanted to make everyone aware about how cheap China is as a production center."
And Jon Stewart had some fun with the story last night:
Burnett seemed to be trying to temper her bizarre words on Hardball today also.
God forbid the prices at Wal-Mart go up.