Here is some feedback on what the President thinks:
From an article on Yahoo:
By Caren Bohan Sun Nov 20, 6:13 AM ET
BEIJING (Reuters) - Washington and Beijing will cooperate toward making the yuan's exchange rate more responsive to market forces of supply and demand, visiting U.S. President George W. Bush said on Sunday. "
"According to U.S. figures, the United States had a trade deficit of $162 billion with China in 2005, a gap that is on course to grow to $200 billion this year.
"They need to move," said Faryar Shirzad, an economic affairs specialist with the White House National Security Council. "We understand the move to full flexibility will have to be gradual and implemented over time. But it's really time for them to begin to move much further than they have already," he told reporters on Saturday aboard Air Force One.
COSTS AND BENEFITS
"China accounts for about a quarter of the U.S. deficit. But Chinese officials and independent economists say this largely reflects a profound change in manufacturing patterns in recent years to take advantage of cheap Chinese labor."
"Such "processing trade," which accounts for more than half of Chinese exports, would simply move to other low-cost rivals in Asia if the yuan were revalued sharply, but jobs would not be regenerated in the United States, Chinese officials say.
They also say pressure for a stronger yuan also neglects the benefits that U.S. consumers derive from China's low costs.
"Wal-Mart Stores Inc. alone, were it a country, would have been the sixth-largest importer of made-in-China goods in 2004. Its purchases of $18 billion were almost twice those of France, according to figures from brokerage CLSA Asia-Pacific Markets."
"Economists say western pressure for a much stronger yuan is also self-defeating because about 60 percent of all Chinese exports are churned out by foreign-owned firms. "
All that you have been doing is to say liberals hate Walmart, Conservatives love Walmart, and if you debate the virtues of or against Walmart you are labeled a lib. Grow up people! Investigate if there are deeper issues when it comes to Walmart/Americans/Imports etc. other than love or hate Walmart and than label someone a lib.
Again, walmart only imports 10% of the total imports coming into America from China. Why does Walmart get blamed for the other 90%, while stores like COSTCO, recieve none?
The problem is that so many so called "conservatives" do not go beyond Limbaugh and a few other radio hosts when it comes to talking points. The issues are indeed complex, and so few display any critical thinking what so ever, especially when it comes to long term impacts of doing business, not to mention the long term social impacts.
The fact that Limbaughs and Hannitys talking points are repeated with no further explanation tells me that the mainstream "conservative" movment has strayed quite far from where it was when Reagan took charge in 1980, it has gone from a genuine movment about ideas to a movment based on slogans and talking points.