Posted on 11/09/2015 7:03:48 PM PST by MichelleWSC3
If we are to make America great again, we must do all we can to make sure that American interests are protected and that all Americans benefit from the actions of their government. Sadly, that is currently not the case. The incompetent, rudderless Obama administration’s negligence in foreign policy, trade and national security is making America less confident, less prosperous and less safe. Americans deserve better, and a Trump administration will turn us into winners again.
In late September, President Obama signed an agreement with the Chinese head of state that was intended to add a layer of protection to intellectual property in both countries. The ink was not dry before Chinese-sponsored agents began cyberattacks on private companies in the U.S. That agreement is not worth the paper it is printed on and the Obama administration is not doing a thing to fight back. Unfortunately, this has become an all-too-common pattern of behavior for President Obama.
The American people need to be told the truth about our “partner†China. China holds over $1.4 trillion in U.S. debt. The Chinese are, by far, the largest foreign debt holder. As of the end of August this year, the U.S. trade imbalance with China is already at $237 billion, on the way to an annual trade imbalance north of $350 billion. China’s economy is controlled by the government. Any notion that their economy is based on a free-market system is simply not true. If an American company wants access to the Chinese consumers, that company must share its intellectual property, a condition that violates international fair-trade standards, World Trade Organization rules and common sense.
(Excerpt) Read more at wsj.com ...
Thanks for that great and revealing link. I have several folks who need to see the crowds Trump draws.
And a stupid answer.
Some people here only think on a single level. This is what happens.
The US manufacturer base comes back to the US and much less likely are to leave. Un-pegging their currency opens up the Chinese market to US companies as oppose to the de facto tariff we get with an undervalued yuan.
Only if it strengthens against the dollar.
It may. It’s time for China plays on a level playing field.
Yeah a typical crowd for Trump. Packed in like sardines. :-)
A lot of people don’t understand finance at this level... If Trump is asked questions about this tomorrow night he needs to thrown in some explanations of terms..
Wow! Filled the place didn’t they.
At first I thought it was a Carson book signing...
Bwa ha ha ha ha...
"The American people need an administration that will tell them the truth and a president who will put America first. That's what I intend to do."
Thanks for posting this!
Did you read it?
“Again, special interests and crony capitalism have weakened the resolve of the Obama administration in confronting China over its currency ploys. Economists estimate that the yuan is undervalued anywhere from 15% to 40%. Through manipulation of the yuan, the Chinese government has been able to tip the trade balance in their direction by imposing a de facto tariff on all imported goods. Imagine the impact these practices have had on our weakened manufacturing base, our agriculture industry and every small business unable to compete internationally.”
But but I thought Trump only spoke at the 5th grade level or was it the 3rd grade level according to CNBC? Hehe.
Unfortunately the soetoro regime is not rudderless. They are accomplishing everything they set out to do.
It's been a long time since he's been on the campaign trail. His little book signings won't be enough month after month.
I can't wait for Carson to explain to us his support in depth for TPP at the debate. All 5,544 pages of it.
Trump has a great opportunity to out shine these guys tomorrow.
Hear, hear!
Trump’s the ONLY candidate talking about China’s currency
Trump’s the ONLY candidate talking about deporting the illegals and building the Trump Wall
Trump’s the ONLY candidate talking about corporate inversion (a YUGE deal!!)
Trump’s the ONLY candidate NOT owned by PACs or Special Interest groups
Trump’s the ONLY candidate who has had to make payroll (as in sign the FRONT of the checks)
China puts on loads of taxes for any US imports plus bars US companies from entire sectors. Facebook doesn’t operate in China.
China has a bigger middle class than the US now, and if the US can’t get in that market it will be damaging.
Thanks for posting this. Will read, again, in the morning :D
Nice set up, by Trump, for the debate tomorrow night, btw!!
LOL - CNBC is so lame...
I agree. If he gets any questions...
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