[Elliott Jackalope]

I was reading an article about how we are losing the art of tool and die making, and how so many people who used to supply tooling for manufacturing in this country are going out of business because they are being wiped out by the Chinese. The comment that really stood out was made by a man who had made tooling for thirty years, explaining how he bid on doing tooling for a project, and was underbid by the Chinese firm? Their bid? ZERO cost for tooling, and goods produced for less than the cost to buy the raw materials here.

Meanwhile, the Red Chinese government refuses to allow their currency to float to its real value because they, and I quote, "have too many bad loans in their banking system". Hmmmm. Could that be bad loans made to companies supplying tooling FOR FREE and finished goods for less than the cost of materials?

Our entire economy is being EVISCERATED by the RED CHINESE and their dirty, rotten sneaky underhanded trade practices. We are either going to have to impose some SERIOUS TARIFFS on their products, or we are going to see our entire industrial base completely wiped out by those scum sucking commie b*st*rds! It will be EXACTLY as Marx predicted it, we are competing amongst ourselves to sell them the rope to hang us!

[taiwansemi]

If you impose tariffs, which are really taxes, then who will pay for these new taxes? Answer: The American middle-class. Second, if China is currenty bankrupting and weakening itself with bad loans as you say, why fear it, let alone claim it's "eviscerating" the entire US economy? Third, China's currency has been pegged to the dollar continuously for the past 10 years. It was only about a year ago that the value of the dollar has started to fall (and the yuan along with it). So you can't claim that China deliberately is undervaluing its currency when, in fact, its value goes up or down the same as the dollar whichever way the dollar moves. For 9 of the past 10 years, the dollar's value rose tremendously and so did China's value right along with it, which actually went against China's interests.