Trump And Sanders Are Spreading Bull About China

Investor's Business Daily ^ | 03/17/2016 | John Merline

[IBD editorial writer]

Leading GOP presidential candidate Donald Trump has made it clear that, when it comes to China, he’s very much in sync with socialist Democrat Bernie Sanders. [snip]

But no matter, since they’re both wrong, as an in-depth piece in the New Yorker makes pretty clear.

[VitacoreVision]

Donald Trump is Correct About TPP and China
http://www.thenewamerican.com/usnews/politics/item/21945-trump-correct-about-tpp-and-china

Donald Trump Calls Drop in Chinese Currency “Devastating”
http://www.thenewamerican.com/world-news/asia/item/21393-trump-calls-drop-in-chinese-currency-devastating

[VitacoreVision]

How the Free Trade Agenda Is Knocking Down America
-- The New American (PDF) Special Report
http://www.thenewamerican.com/files/TNA2917.pdf

The Special Report includes the following articles:

- The "Free Trade" Agenda Threatens Our Rights
- Global Merger: Piece by Piece
- The EU: Regionalization Trumps Sovereignty
- Trade Promises... and Trade Reality
- North American Union: From NAFTA to the NAU
- Fast-track: Enabler of the "Free Trade" Agenda
- Regional Scheme for the Pacific Rim
- EU/U.S. -- Transatlantic Convergence

[PIF]

From the Article:
“... rising wages in China, the growing need for manufacturing speed and flexibility, and the quality of the American workforce are contributing to this ‘reshoring’ of U.S. jobs.

“... many of the jobs lost in manufacturing haven’t been lost to a rapacious China or bad trade deals, as Trump and Sanders insist, but are largely the result of technological advances here at home.

“Modern factories depend less on assembly-line workers and more on ‘workers who are adept at programming and overseeing high-tech equipment; able to handle multiple jobs … (and to) recommend plant improvements, large and small, on their own.’ People displaced by technology need retraining, he says, not attacks on China.”

[central_va]

The Chinese didn’t go from dung burning rice pickers to car driving vacationers in 30 years without a lot of shenanigans at the expense of Americas middle class.

[central_va]

The issues of automation and off shoring are not related at all. Mixing the two together is a gloBULList tactic of obfuscation.

[HarleyD]

Former editor-in-chief of the International Business Times Jeffrey Rothfeder explains that — despite all the rhetoric about how China is killing us — factory jobs have been increasing in the U.S.

Sure. And we're suppose to believe this administration has created hundreds of thousands of new jobs. The article also states:

“In the past five years,” he writes, “about 100,000 manufacturing jobs have returned to the U.S. from overseas, 60% of them from China.” Another 50,000 were saved when companies that had planned to move jobs offshore changed their minds.

So that equals about 20,000 jobs per year (what type we don't know) that came back and another 10,000 that were "saved".

Who is "spreading bull" is in the eye of the beholder.

[11th Commandment]

Unfortunately, comments will come in from those who won't read the article and immediately defend Trump and by default Sanders.

FACT- Companies are leaving China- China Uncensored Video

Fact- the problem with China's currency is not they are devaluing it, but they are propping it up. Meaning, China's economy is structurally flawed that if the Renminbi was floated, it would collapse

FACT- China's GDP has been propped up with Ghost Cities and Zombie Companies

FACT- China has not been successful transforming its economy from trade to consumer based.

[anton]

This is simple. After they steal borrow or buy or product designs, we make products, they make products. They manipulate their currency so that their workers get paid less and we buy more of their stuff and they buy less of our stuff. They don’t care how little their workers earn. What is their alternative.

[SueRae]

Thanks for those links. I haven’t read them yet!

[central_va]

The USA lost 12 million factory jobs in the last 15 years. During that time 55,000 factories closed to be reopened in the turd world. A 100,000 is nothing.

[Lumper20]

“Fast Track and all this BS with countries who have cheap labor and no EPA, OSHA, plus lower tax rates puts our businesses and people OUT OF WORK.”

How come Cruz uses the Pentecostal Church symbol for his Campaign?

http://tse4.mm.bing.net/th?id=OIP.Mc154e1467aa65f091292b28bc90fca62H0&w=78&h=78&c=7&pid=1.1

[Mr Ramsbotham]

Trump/Sanders/Cruz in 2016!!!!!!!!!

[Sooth2222]

"But no matter, since they’re both wrong, as an in-depth piece in the New Yorker makes pretty clear."

Wait -- Investor's Business Daily is deferring to the economic expertise of the New Yorker? My iPhone is nice but all the young adults still living in mom's basement and the 50-60 somethings who are ending their careers as stay-at-home husbands is frankly not worth the price.

(Anytime the Republican and Democrat leaders agree on anything, beware!)

[central_va]

The whole Chinese economic “miracle” was a contrived cold war policy that got out of control.

[Jhadur]

“as an in-depth piece in the New Yorker...”
Ya almost had me...until I saw New Yawker. I doubt I’d trust a liberal rag like that to tell me the sky was blue or water was wet.

[Nifster]

Meh

[11th Commandment]

a lot of shenanigans at the expense of Americas middle class

Well that is a loaded statement, but how about the shenanigans of the US Fed? China sent billions of dollars of products to the US and all we gave them was green pape and T-bills- What a deal, all we had to do was print paper and we got products. People worry about China having so much US Debt and dollars, but even TRUMP states that China would never sell of the debt and dump dollars- why, because they need USD to propped up its currency! China's currency would collapse without the backing of USD in its current accounts. It is fun being the WORLD currency reserve and Congress knows this.

If you subscribe to China hurting the middle class, blame congress for spending so much money which requires foreign debt holders, thus taking capital out of domestic markets which is utterly necessary for investment which creates JOBS!

[FourtySeven]

The New Yorker editorial raises some interesting points about a shift in the new century to higher skilled jobs, and a lack of skilled workers here (although wrongly, laughably suggests somehow raising the minimum wage should be part of the solution) but it misses an even bigger point for the cause in Chinese downturn. Their economy has taken a hit in recent years especially last year. Mostly because of their artificial devaluation of their currency. And this is Trump’s main point.

They are manipulating their currency to be artificially competitive with ours and that needs to stop. That’s what Trump is saying has been saying even before he started running for Presidnent. And he’s right the Chinese need to be stopped in their currency manipulations.

He’s right in that they are laughing at us for either not catching on to this or not doing anything about it. I think he will do something about it. It’s not rhetoric it’s real.

[PIF]

I think his point is that, to be blunt, the average US worker lacks education to compete - which, given the very poor grades earned in comparison with the rest of the world, makes sense to me at least.

That is something which will not change for the better no matter who is President.

None of this will change until the social justice, feminine studies, transgender activist crowds are removed from the educational system; and then the curriculum must be returned to the sort that was presented prior to the 70s or earlier; and the parents have the will to push their kids to achieve excellence as is common in China, Japan, and India.

Only then can the US achieve a workforce educated enough to compete without massive importation of H1Bs from other countries.

If there is no political will - and right now there is none - to actually fix the educational system, nothing will change, and the US will continue to fall further behind in every field except fast food ...