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China June trade surplus swells five-fold
Reuters ^ | Reuters

Posted on 07/11/2005 7:27:02 AM PDT by jpsb

BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a year earlier as exports grew much faster than imports, offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion and towering above the $1.8 billion surplus recorded for June 2004.


TOPICS: News/Current Events
KEYWORDS: anticonsumer; businesshating; chicoms; chinatrade; cowardlynamecalling; economicignorance; fairtrade; fearmongering; freetraitors; isolationism; robbingusblind; suckers; tradewar
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To: Puddleglum
I don't think it's right to expect American workers or businesses to compete against what amounts to slave labor.

Our machines and computers work for less than "slave" laborers. Maybe they should call for us to abolish the use of them.

81 posted on 07/11/2005 9:19:34 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Paul Ross

So you can't answer?


82 posted on 07/11/2005 9:19:58 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
"I know of no such proclamation."

You really are a hater aren't you? Please refer to the bill of bills (a1-10) in the US Constitution. Capitalism only works for the benifit of society when coupled with strong indiviulal/property rights.

83 posted on 07/11/2005 9:20:12 AM PDT by jpsb (I already know I am a terrible speller)
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To: Protagoras
Our machines and computers work for less than "slave" laborers.

Yes, but they're not human, HAL 9000 not withstanding. The Supreme Court has not yet heard his case.

84 posted on 07/11/2005 9:21:44 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
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To: Puddleglum
So does GWB

Isn't it funny that when I point that out, people say I'm crazy for suggesting that Republicans and Democrats are quite similar in may respects?

- or have you forgotten why we're in Iraq (but oddly enough, not Sudan).

I don't support that particular policy, and never have. So you are asking the wrong guy. I haven't forgotten anything.

85 posted on 07/11/2005 9:22:07 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Puddleglum
Yes, but they're not human, HAL 9000 not withstanding. The Supreme Court has not yet heard his case.

But it's just not fair dammit!!! We make slaves out of machines and cause starvation in third world countries!!!! There ought to be a law!!!!

Oh, nevermind....

86 posted on 07/11/2005 9:23:54 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: jpsb
You really are a hater aren't you?

Yes, I hate you.

Please refer to the bill of bills (a1-10) in the US Constitution.

Bill of bills? Please explain what the bill of bills is, then I'll go look it up.

87 posted on 07/11/2005 9:25:40 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
So does GWB

Isn't it funny that when I point that out, people say I'm crazy for suggesting that Republicans and Democrats are quite similar in may respects?

Yes, but you were using the "just like Carter' dig in a little old ad hominem way. Just thought I'd use it back. When I have a chance to dig up some other folks or founding fathers who sided with GWB and (horrors) Jimmah, I will certainly pass them along to you. Then you can counter them, too, unless you, like I, have to get back to work eventually.

88 posted on 07/11/2005 9:25:46 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
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To: Protagoras
"Jimmy Carter agrees with you."

So so has just about every administration since Wilson ("Make the world safe for democracy" 21 points), Marshal plan, MacAuthor in Japan, Iraq, Kosovo, etc. Slight detuor dring cold war but policy since 1914 as be quite evident to any that cared to look.

89 posted on 07/11/2005 9:28:33 AM PDT by jpsb (I already know I am a terrible speller)
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To: Puddleglum
I didn't make any ad hominem. I pointed out that your idea was a popular one among politicians and other power seekers.

GWB and Carter are kindred spirits in ways like that.

Then you can counter them, too, unless you, like I, have to get back to work eventually.

Maybe if you worked instead of posting on the net we could be more productive than the Chinese. LOL

90 posted on 07/11/2005 9:31:04 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: jpsb

They were all wrong.


91 posted on 07/11/2005 9:31:33 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
"They were all wrong."

Does't matter, making the world safe for Democracy", like it or not, has long been established usa policy. That policy could not be persued during the cold war, but now that the cold war is over, we had once again returned to a Wilsonian world view.

92 posted on 07/11/2005 9:37:15 AM PDT by jpsb (I already know I am a terrible speller)
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To: Protagoras
You could benefit from a course in fundamental economics.

Really? Already did. So it's your turn I guess.

So, yada yadayada.

I am not here to brag, are you? Walter Heller was my favorite econ professor at the U. Who was your's...? I am a long-standing proponent of the school of thought known as rational-expectations, and I cheered on the "supply-siders" back in the 80's.

Did you see where the globalist free traders want to go in terms of fine-tuning trade? See interview with Lester Thurow.

He wants to print a lot more dollars to break the currency pegs with the pegging countries, and he wants to adjust the fiscal deficit of the feds by tax increasing...his method: eliminate all of the tax cuts GWB has coming, and wants to retroactively backtax people!

Unlike many of his fellow big-school economists, at least Lester Thurow is open and above-board where he wants to go. I advise you read him closely.

Upshot of his policies as I see it would be more inflation (as measured by diminished purchasing power) and more taxes. Reduced American standard of living. Although he claims he wants to just lift all the other "globalist" earnings up to ours, in fact it seems more like he would bring us down, at least in the short run.

You probably would like that very much.

93 posted on 07/11/2005 9:40:01 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: jpsb
I'm happy that you like Wilson, but that has nothing to do with forcing democracy on countries with trade policy.

BTW, He was selling his war policy by saying we had to kill Germans to make the world safe for other countries which were democratic.

I'm still waiting for that "bill of bills" info so we can get to the bottom of the question about that policy and the founding documents.

94 posted on 07/11/2005 9:42:42 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Paul Ross
Really? Already did.

Time for a refresher course.

95 posted on 07/11/2005 9:44:33 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
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To: Protagoras
Time for a refresher course.

Yes, for you, if you ever took any.

96 posted on 07/11/2005 9:47:26 AM PDT by Paul Ross (George Patton: "I hate to have to fight for the same ground twice.")
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To: ran15
That's a good point -- I stand corrected. The point I intended to make is that the Chinese currency is strong against other currencies even though it is undervalued against the U.S. dollar. This is why Chinese labor is becoming less competitive over time against other Asian nations like Indonesia and Malaysia.
97 posted on 07/11/2005 9:50:49 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: Protagoras

They can't get more competitive when they have to meet all the government shackles like OSHA and FICA and all the rest. Not to mention health care and minimum wage etc, etc. There's just too much built in overhead. Did I mention liability and malpractice?

You just can't compete with a system that is willing to pay the peasants a couple of bucks an hour, and if they get a small apartment, enough to eat, and enough money to catch a bus to a movie a couple of times a year, hey, it's a lot better than their parents had it. If they save very carefully they can even scrape up enough to buy a car these days.


98 posted on 07/11/2005 9:51:41 AM PDT by johnb838 (A chill wind.)
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To: Paul Ross
With very few exceptions, the U.S. has always relied on cheap (sometimes coercive) labor to feed its standard of living. Why would imported Chinese labor on drilling rigs be any different?
99 posted on 07/11/2005 9:55:02 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: HamiltonJay
but hey, who cares if we can't manufacture enough materials to sustain ourselves in a long term direct conflict with China...after all their our friends....

It's not like we couldn't start making clothes and stuffed toys again.
And we can manufature plenty of plutonium.
100 posted on 07/11/2005 9:56:37 AM PDT by UnbelievingScumOnTheOtherSide (Give Them Liberty Or Give Them Death! - Islam Delenda Est! - Rumble thee forth...)
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