Posted on 01/25/2009 1:47:24 PM PST by nickcarraway
Few people understand that the Chinese government couldn’t care less about being fair or getting along.
After the legations and other humiliations China has suffered, no one is going to stop them from getting to the top and staying there.
The U.S. manipulates it's currency too.
The “mortgage crisis” has nothing to do with China.
It has EVERYTHING TO DO WITH DEMONCRATS.
It was incremental passing of laws till it got to the point where we went past a “chicken in every pot” to a house to whoever couldn't afford it.
We'd better be nice to China. They OWN OUT ever increasing DEBT that we as a NATION ran up.
Yes, China has cheaper labor than the U.S..
China is POOR country.
China does NOT have UNIONS.
China does NOT have DRACONIAN ENVIRONMENTAL LAWS.
THIS is what is killing manufacturing and SKY HIGH LIBOR rates in the U.S.. The U.S. is too STUPID to change that so MORE work will go over seas.
Exactly, the definition of spending more than you earn is DEMOCRAT.
The other side of the coin is that china better be careful, because we owe them lots and lots of money.
They can get to the top...however, not on the backs of Americans. China is dangerous. We should not be helping them make bunches of money which they will use to build weapons. Also, I would rather eat dirt then any food from China.
China has slave labor and pollutes to such a degree, most of their products are unsafe. China just plain sucks.
For one thing, a trade war is the last thing the world economy needs.So there is no getting around China’s culpability. The country relies on the sort of export-focused growth strategy that other Asian Tigers have pursued, with the difference that China is too big to go this route without destabilising the world economy.
China is already on a trade war footing. It is past time for the trade "partners" read VICTIMS to wise up.
Rather, it sees itself as a competitor, who will eventually supplant the US as the premier power in the world. People would do well to remember that.
People like you are why China moves UP in the world.
They don't have “slave labor”.
Their cost of living is low and no where near as high as the U.S.. In fact because of people WORKING and becoming more affluent as it happens with CAPITALISM, the “one child policy” is being relaxed.
China doesn't buy into your environmental religion and neither do I. More business will continue to flee the U.S. because of it.
China manufactures to the guidelines of the U.S. companies.
As for you last complaining “China just plain sucks”, that's par for the course from people like YOU.
“The other side of the coin is that china better be careful, because we owe them lots and lots of money.”
No, they’ll just unload and totally DEVESTATE our dollar. That would be WORSE for U.S.. China will continue to thrive. The U.S. is not the only country it serves.
“Exactly, the definition of spending more than you earn is DEMOCRAT.”
Try explaining that to some of the arm chair arses.
Not the only country...but the MAIN country.
nmh, China cities would consider LA on a horrible smog day to be a step up. When they had the Olympics, all manufacturing had to stop for a month in an attempt to clean the air. Also, China still uses “political” prisoners as slave labor. My friend, you have much to learn about China.
“Exactly, the definition of spending more than you earn is DEMOCRAT.”
Oh! And here I thought it was “George W. Bush” or “REPUBLICAN”. I must have misunderstood the past 8 years.
The deficit spending by the US government is, guess what, the fault of the US congress and the executive branch.
Our government goes into massive debt and finances this debt by selling it to, among others, China. Then our deficit spending spree is China’s fault because it bought our debt? That is beyond stupid.
It is way past time for congress to be blamed for running the currency printing presses at full blast for decades.
Will Senator Dodd and his cohorts have to stand in line with a wheelbarrow full of money in order to buy bread? As we will have to do when the hyper inflation hits THAT THEY CAUSED.
Is this piece saying that Chinese toy-makers rang up the bulk of the sub-prime home mortgages in the US?
The degree of absolute stupidity and chutzpah encapsulated within this article represents the apogee of Democrat blame apportioning for their own stupidity. The “its not my fault, it’s yours!” rhetorical weapon honed to a razor sharp absurdist edge.
A man who spends more than he earns, opens up multiple lines of credit, saves nothing, and then ends up in bankruptcy has no one to blame but himself.
China manipulates it currency, then again, so does everyone else. The fundamental truth is all currencies are not simply valued by the market but rather are heavily influenced by central bank policies with the U.S. dollar at the core of the global system of government manipulation.
China has not flooded the world with cheap currency in the slightest. The Yuan is not a freely convertible nor does China use it’s trade generated surplus to invest. Nearly all of it is dumped with U.S. treasuries and bonds. The capital glut was exacerbated by the Japanese Yen carry trade where investors could borrow at no cost from the BoJ due to zero interest rates and then invest it elsewhere.
Exculpating the failures of U.S. financial regulators is absurd. It’s admitting that many of them were massive failures and then turning around and saying because so many failed that they weren’t responsible for failing.
Asset value bubbles can be avoided easily, simply stop printing money and raise interest rates and presto, no more credit fueled asset bubbles. Something that Greenspan and the federal reserve were simply not willing to do.
Blaming Chinese capital for excess liquidity in the U.S. is like blaming bigfoot for you forgetting your wife’s anniversary. Interests rates were, are, and continue to be higher in China than in the U.S. which has followed a low interest rate policy as par course (it is effectively at 0% now). Only in Obamaland can someone make money borrowing at 8% in China, investing in the U.S. at 2% all at the same time the Yuan appreciates by 20% against the dollar. This kind of nonsense 2 + 2 = 5 Chewbacca Defense would be pathetic were it not so alarming that so many idiots would actually believe in it. The culture of responsibility and common sense is so sadly missing in America today.
It is exactly what it is saying. Of course the massive entitlement spending by the government and U.S. consumers at large (granite counter tops and stainless steel appliances for everyone!) should be conveniently swept under the rug and ignored lest the taxpayer gets wise.
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