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Okay, I didn't read the whole thing. But that guy is an idiot or on the Chinese payroll or both....

And given that the United States has a high-wage, capital-intensive economy that exports mainly high-end goods, our own economic advancement is contingent upon the ability of U.S. firms to connect with high-income buyers in markets around the world

WRONG! Our wealth does not depend on our exports. What we produce and consume domestically dwarfs exports. But Imports are equivalent to 16% of our GNP and that's a lot of American workers out of work.

American workers are being undercut by poor Asians lives on even as the supply of desperately poor Asians runs low "

Wrong! They still have at least 100 billion chinese working in the fields that would love to come in to a factory jobs. There is no shortage of cheap Chinese labor. There are some regions that have become highly developed where wages are increasing, but don't believe the Chinese propaganda that there's no more cheap labor and that's it no longer a threat to us.

If Beijing is guilty of manipulating its currency to make its exports cheaper, then what it has done is to artificially lower the Chinese standard of living to subsidize the American standard of living, reducing its people’s purchasing power to increase our own. "

Wrong! This is misdirection. The issue is not that reducing their standard of living and thus boosting ours. The issue is that they are taking our manufacturing processes and knowledge. They are putting Americans out of jobs. They aren't increasing our purchasing power when they take our jobs.

If we were at full employment and had labor shortages, it would make sense to use their labor for low value activities. But we have high unemployment and we are letting our manufacturing dissappear like a rum cake at an AA meeting.

We need that manufacturing to keep our own people employed. And we need it even more in times of war. It's a major mistake to become so dependent on other countries. Our founding fathers warned us about that.