Posted on 11/23/2004 10:15:33 AM PST by CDB
“That is not sustainable,” he added. “The appreciation of the RMB will not solve the problems of unemployment in the US because the cost of labour in China is only three per cent that of US labour. They should give up textiles, shoe-making and even agriculture probably."
We'll get right on it.
Then why does China continue (at great cost) to peg their currency to the dollar?
(Eddie Murphy laugh)...
The world would starve without the US agriculture. Perhaps we should just take all our jobs back.
Like hell, we're not going to give up a damn thing you chi com scumbags!
Look at any statistics lately of how many jobs and factories have already moved to China?
Yeah, America should give up agriculture. Let's out-source our food supply to China. I, for one, trust the Chinese to do what's in our best interest without regard for themselves.
How bout we start by stopping the importation of all the crappy electronics, boots, clothes, and other costoware from China to begin getting our manufacturing house back in order? Hmmm?
So what? Does that mean we force companies to abandon certain industries just because the chi coms say so?
BS, we tell the filthy communists to go to hell and nail everything they have coming in with heavy tariffs.
You may be willing to roll over and take it from them but the majority of us are not.
Perhaps we should send in a few labor organizers to make up the income deficit...
Three words: pot, kettle, black.
“They should concentrate on sectors like aerospace and then sell those things to us and we would spend billions on this. We could easily balance the trade.”
Sure, then China would get the latest technology. Clinton’s TREASONOUS acts are obsolete.
“John Snow, the US treasury secretary, repeated his commitment to work towards halving the US budget defict and to increase net US national saving, which would reduce the current account deficit.”
If the US went to a national sales tax people would buy less junk and trinkets. Saving accounts would grow quickly if they weren’t taxed.
No I'm not! I get hit from both sides in the free trade argument here.
China's currency peg is a declaration of a unilateral trade war. China is using trade for it's own best interest, we are not. Furthermore from reading the article, talk is getting us nowhere fast.
I am pretty sure we have given up textiles and shoe-making, plus 5 thousand other industries. I sure hope the Chicoms don't make us give up food too. That would really suck.
Exactly my point. We are by far the largest consumers of Chinese goods, we need to hit them where it hurts, their wallet.
NST is the answer to many problems.
Every job, every factory sent to China has assisted the country to grow into the massive, fuel-starved nation she is today. That, in turn, fuels an inflation in worldwide fuel prices which ripples through production of every other necessity of life. Cheap labor advocates will find even cheap labor doesn't come without a huge pricetag.
"We'll get right on it."
This Chinese fellow is sooo impatient.
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