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To: frposty
Of course unions support causing the dollar fall relative to China’s currency, but it’s a good idea anyway. It might solve our imbalance of trade without having to resort to tariffs.

Another suggestion...

       ...become more competitive.

7 posted on 07/09/2010 11:32:44 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Gondring

With the Chinese government undervaluing their currency by 40%, it is as if every manufacturer in the US was TAXED an EXTRA 40%!

You try to run a manufacturing business with an additional tax of 40%! Fat chance you would survive, and only if you were very efficient. Manufacturers that exist in the US today are rare and super competent and efficient companies to survive at all.

The Chinese bought off our government to sit back and allow this for years, but now that the American economy is dying, the Chinese may not be able to continue buying them off.


16 posted on 07/09/2010 2:03:02 PM PDT by helpfulresearcher (Bipartisanship: The PC Term for Collaboration with the Enemy)
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