Besides if we didn't allow the Asian merchantilists to undervalue their currencies by buying up our debt who would buy all the T-bills floating around?
Free trade with most of Asia has been an unmitigated disaster.
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Not only are we forced to compete with companies that operate cheaper and get their raw materials more cheaply than we do because of a lack of environmental regulations but our intellectual property is stolen wholesale or security features are reverse engineered inviting piracy to flourish.
Our companies are taxed to death ... Our costs are way out of whack due to environmental regs and the legal profession ... our patents are ignored , products copied and the incentive to create in software or engineering is beaten out of us with the knowledge that H1-B’s are there to put you out of work the minute you gain enough experience to merit higher pay.