Posted on 11/10/2010 8:29:08 AM PST by ConjunctionJunction
Lets assume US slap on all imports from China by 50%. All this means is that US government now get to decide how best to allocate resources. This will not bring back factories or jobs
Ditto.
There is one guy on FNC who poses as a capitalist but who is really Marxist, and he is aways wrong on every prediction : Ben Stein. He was for TARP, a huge stimulus (both of them) and he predicted financial stocks were a great bargain/great investment back in 2007 (Famous on the ‘Peter Schiff was Right’ vid).
Yet now he acts like he was against all that Obama stuff, why Cavuto doesn't boot him I don't know. He is a termite.
Trump is an economic illiterate. Suggest he, along with many others, learn about the effects of Smoot-Hawley.
I started boycotting Chinese goods a long time ago. Just check the labels: Made in China - Put it back and find some other equivalent item made in USA or at least a friendly ally (not France).
Think about it. No demand - no more Chinese goods ordered and stocked into our stores. Just quietly pass the word to all your friends and neighbors, pretty soon it's one big just say NO to Chinese goods. At least it won't be our dollars they use to build up their military and infrastructure.
Your next unwritten assumption is that the Chinese would not allow their currency to float. They could not afford the forthcoming trade isolation and would fold quickly.
We need to open our markets to those who will open theirs to us and close access in retaliation to those who seek to do the same.
I know tariffs are a tax and an imperfect tool, but there aren't a lot of tools in the toolbox.
If we’re going to auger money into the developing world, I’d sooner see it go to India than China. But frankly, I’d MUCH rather it stayed here, where it would actually benefit Americans rather than enrich our enemies or purchase dubious friends.
America isn't making China rich, China is making China rich. Trump commented on how China is building cities larger than ours. Well, afterall, it is a country with 4 times as many people. So, of course their cities are going to be larger than ours. New York is bigger than London or Paris is it not? For obvious reasons.
China's construction industry employs nearly 100 million people. That's about 2/3rd the size of the entire American workforce. Trump is an alarmist and a dinosaur. I wouldn't be surprised, after he passes away, his daughter will take the Trump brand to China and begin property development in places like Beijing, Shanghai, Chongqing, etc.
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