The Amazing Harley-Davidson Story
Posted on 06/13/2011 12:57:31 AM PDT by 2ndDivisionVet
Palin isn’t a protectionist. Her route to balanced trade is the removal of the burdens on American industry, not some ‘shoot-yourself-in-the-foot’ tariff.
I am really not sure how any of the Bushs were any different than Clinton or Obama.
It must just be me...i guess?
They are all the same from my point of view. And they are all thieving criminals. Certainly they are all multi multi multi millioairs
every one
President Palin will fix it in 2013
Generally, you are correct. However, specific to China, you are wrong.
A LESSON:
Free trade means floating currencies. If a country imports more than it exports, its currency devalues, which drives the prices of imported goods up.
China does not let its currency float. They peg it to the dollar, which keeps their prices artificially low.
China should be penalized for this.
Other countries that do not do the same should not get penalized.
I don’t really understand why we need to penalize any country who sells goods here.
If you notice just about every company is making their products in China. There are Americans who do nothing but arrange these business relationships with the Chinese.
And why do they do this? BECAUSE IT’S CHEAPER TO MAKE THE PRODUCTS THERE IN CHINA THAN HERE.....DUH!!!!
So what would it take to make the same products here cheaper? Reduce the cost to companies. Give them tax breaks...hell have them pay next to no tax...reduce their regulations etc.
I bet you’d have jobs galore, and tons of vacant warehouses and industries thriving again.
That is false.
China does not let its currency float. They peg it to the dollar, which keeps their prices artificially low.
This is no longer true. The Yuan is not pegged to the dollar. My wife just returned from a trip to Beijing. The dollar is now worth less. Prices in dollars there have increased there by around 50%. I was expecting to get my usual $50 watch, but now they cost $75.
What is the current Yuan / Dollar rate?
How much different is that, than a year ago in percentage terms?
And what were you doing in Beijing? Arranging imports?
Prices in dollar terms in Beijing do not reflect the exchange rate, because the Yuan does not float based on market conditions - the exchange rate is set by the communist government.
10 years ago the Renminbi exchange rate was around 6.7.
Now the exchange rate is 6.5
Meanwhile the dollar / euro rate has swung back and forth almost 50%.
And no, I am not in the import business.
OK my memory of the exchange rate then is wrong, but the exchange rate does not float.
Like everything in China it is set by the communist government.
We are selling America’s future to communists. For cheap crap in Walmart.
Maybe so. But the problem is that government would've spent whatever money that 1.5 trill would have brought in to The Treasury.
And then some.
Use prison and child labor. Reduce pay to U.S. workers to make labor compete with Chinese labor...about nine dollars a day should do it.
There is almost 0 tax on capital gains now...what more could the very wealthy want? Someone living off capital gains pays less of a tax percentage then the minimum wage worker. NAFTA did just what Ross Perot said it would do. That big sucking sound you hear is generated by all the hot air blowing in Washington because there are fewer jobs left here to export.
BOHICA
How does Germany maintain a trade surplus with China without making their citizens live on a bowl of rice and work at 14 as our union folks claim we would have to?
Remember that Trump had those easy sounding solutions, without credible details it’s all just smoke.
Here’s a start, dont sue companies like Boeing for opening up new plants in the USA.
Thanks, we do need a serious debate on this but we dont need more Trump-isms that are designed just to convince voters that there is another free lunch waiting for us.
Trump-ists ignored the fact that uni-lateral trade tariff's made up by a Trump crackpot would just result in trade sanctions on us killing our exports. The devil is in the details and anything that sounds easy is a sure fraud.
I must be missing where President Palin comes into this article. Sounds more like Trump.
In fact, I believe Duncan Hunter was saying this a few years ago.
I must be missing where President Palin comes into this article. Sounds more like Trump.
In fact, I believe Duncan Hunter was saying this a few years ago.
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