Sounds like your take is that China buys raw materials from us, makes products out of them, and then sells them back to us, and that this makes the Chicoms rich at our expense. In other words, stupid old Americans are spending big piles of money buying Chinese made goods and all that money is going to China making them rich and making Americans poor. We hear this from a lot from PBS pundits like the one you linked to, as well as from other equally extreme Bush-bashers. It never makes sense, which is why it never comes with a complete set of hard numbers,
If it were true then Americans would be getting poorer. We're not; we're getting richer. One reason that trade with China can't hurting us is because it represents about one percent of total American commerce (gdp). Another reason is that out of that entire $150 billion China did get from stocking the shelves at Wall-mart, it only spent $25 million on hides and cotton. It spent the remaining $125 billion on US stocks, T-bills, and real estate. It's that balance of payments we were talking about. It always evens out.
OK, maybe you don't care if we're getting richer --you're simply not happy about how this looks with that out-of-control trade deficit. Fine. Just remember that my offer to buy a Chinese company would have made it less.
(stupid Wall-mart Chinese keyboard)
Again I wonder why an expatriate is so anxious to push China to the American people. Why,again, are you an expatriate?
Hello...TRADE DEFICIT.
I know that is apparently just too much for your to bear...that you can be wrong. But face it. You are.
We hear this from a lot from PBS pundits like the one you linked to, as well as from other equally extreme Bush-bashers.
Actually the article never once mentioned Bush, or condemned his policies.
It never makes sense, which is why it never comes with a complete set of hard numbers,
Actually, that is your problem. You never explain the dizzying increase the Chi-Comms are realizing in their currency hoard. If they are changing...just why isn't this pile of loot getting invested in their own economy, distributed in productive mechanisms to "the people" and the supposed "middle class"...but instead remains held by the Government's thinly-disguised apparatus and fronts.