Posted on 12/21/2011 6:27:22 PM PST by SeekAndFind
Republicans and Democrats, liberals as well as conservatives, have bought into anti-Chinese trade demagoguery.
Former House Speaker Nancy Pelosi suggested that tariffs against China are a "key part of our 'Make It in America' agenda."
During his 2010 campaign, Senate Majority Leader Harry Reid, D-Nev., called his Tea Party-backed Republican challenger, Sharron Angle, "a foreign worker's best friend."
In a recent news conference, President Obama gave his support to the anti-China campaign, declaring that China "has been very aggressive in gaming the trading system to its advantage," adding that "we can and should take action against countries that are keeping their currencies undervalued ... (and) that, above all, means China."
Republican 2012 presidential candidates have also jumped on the anti-China bandwagon.
Mitt Romney wrote: "If I am fortunate enough to be elected president, I will work to fundamentally alter our economic relationship with China. ... I will begin on Day One by designating China as the currency manipulator it is."
Former Sen. Rick Santorum, R-Pa., was even more challenging, saying, "I want to go to war with China."
Let's look at the magnitude of our trade with China. An excellent place to start is a recent publication (8/8/2011) by Galina Hale and Bart Hobijn, two economists at the Federal Reserve Bank of San Francisco, titled "The U.S. Content of 'Made in China.'"
One of the several questions they ask is: What is the fraction of U.S. consumer spending for goods made in China? Their data sources are the U.S. Census Bureau, the Bureau of Labor Statistics and the Commerce Department's Bureau of Economic Analysis.
(Excerpt) Read more at news.investors.com ...
go to walmart and look at the labels.
(And I will never tell you why.)
The author isn’t saying that Walmart isn’t selling Chinese products, he is saying that in spite of this, China IS NOT the source of our jobs problems.
they are part of it
What does borrowing from China to pay off welfare beggars (approx 60% of the federal budget, including SS welfare beggars, and medicare welfare beggars) have to do with free trade?
“since the Revolution, America has had a standard of living that has been the envy of the world. From the Civil War through the 1920s, as we became the greatest manufacturing power the world had ever seen, our workers enjoyed pay and benefits that were unmatched anywhere.
How did we do it?
We taxed the products of foreign factories and workers and used the revenue to finance the government. We imposed tariffs of up to 40 percent on foreign goods entering our market and used the tariff money to keep taxes low in the United States.
We put our own country and people first.
A new class came to power that looked on tariffs as xenophobic, on economic patriotism as atavistic and on national sovereignty as an antique idea in the new world order it envisioned.
By three decades ago, this globalist ideology had captured both national parties, a product of universities dominated by New Dealers.”
.....
http://www.freerepublic.com/focus/f-news/2774127/posts
Pat Buchanan
You should read Pat Buchanan’s articles and books.
http://www.freerepublic.com/focus/f-news/2823579/posts
How can it be free trade if China workers can work for 1/30th what Americans can work for? Who would hire you if someone could do the same thing you did at 1/30th the wage/cost?
You prove conclusively that you have no business in this conversation with your first sentence. Sowell, Williams, Von Hayek, Von Mises, Friedman, and many more have addressed this lame and pathetic argument.
“The other side is NOT engaged in free trade; they engage in price fixing, subsidies, dumping, currency manipulation,and trade barriers. That’s NOT free trade.”
They have ALL addressed this argument, as indeed they must, because virtually each and every single nation that has ever existed has engaged in most if not all of these practices, and you do not become a famous CONSERVATIVE economist if you do not recognize and address this plainly unrefutable fact.
NOW! What did the big boys say about these practices? Why is it that even if the chinks do all these things, it is best for everybody involved if we do NOT do these things? You haven’t the slightest clue what they said about these things, do you?
We have always been flooded with made in Japan, Taiwan, China, Hecho in Mexico, etc.
Those cheap products, being more affordable offer us convenience and productivity tools that we couldn’t as well afford.
Witness the cheaper goods of the Dollar Stores and far cheaper tools at Harbor Freight. Those goods generally don’t last as long, but for DIY homeowners they’re OK.
Bottom line, we profit from lower cost foreign goods.
What I object to are tariffs, taxes on our exports to them that are grossly higher than the tariffs we charge.
Free trade means duties and tariffs are equal and manufacturing is not subsidized like Aerobus, etc.
This is part of an Article by Buchanan. He is a conservative and a nationalist. You are a globalist.
“since the Revolution, America has had a standard of living that has been the envy of the world. From the Civil War through the 1920s, as we became the greatest manufacturing power the world had ever seen, our workers enjoyed pay and benefits that were unmatched anywhere.
How did we do it?
We taxed the products of foreign factories and workers and used the revenue to finance the government. We imposed tariffs of up to 40 percent on foreign goods entering our market and used the tariff money to keep taxes low in the United States.
We put our own country and people first.
A new class came to power that looked on tariffs as xenophobic, on economic patriotism as atavistic and on national sovereignty as an antique idea in the new world order it envisioned.
By three decades ago, this globalist ideology had captured both national parties, a product of universities dominated by New Dealers.”
.....
http://www.freerepublic.com/focus/f-news/2774127/posts
Pat Buchanan
You should read Pat Buchanan’s articles and books.
Patrick Buchanan believes in sending your taxpayer dollars to Hamas!!!!!!!!!!!!! Look it up. I’ve been reading the Nazi retard since the Clintons came to power. He is a populist retard. I am a “globalist”? I don’t even know what that means. I believe each and every single illegal should be rounded up at the point of a gun and sent home right now. Is that a “globalist”? I also believe that Obama, Pelosi, Clinton, and Kennedy should keep their sub-human noses out of my trade negotiations, be they with a guy named Juan, Lee Ho Fat, or Nigel.
I’m for free markets inside the U.S. ,keeping the government out of the economy but I don’t see the need to trade with foreign entities especially those intent on our destruction. Nor do I see the need and your theorists’ needs to let foreign labor flow freely over the border nor foreign products.
Are you for illegals invading our country too, after all doesn’t that satisfy your free trade theories of movement of labor? See here globalists we don’t need Mexican labor nor Chinese products.
In addition to the billions we give China for social services the EPA under Lisa Jackson’s direction is giving China millions of dollars to fund their so-called enviro-projects. All as per Agenda 21 which she runs the EPA by.
And why the name calling etc. Not only are you helping destroy America quicker but you seem to get angry at those sounding the Alarm.
When I say that I want “free movement of labor” then you can ascribe that position to me. Some LIBERTARIANS desire this, I do not. I am a CONSERVATIVE, not libertarian. Free flow of labor will not work for 2 reasons: 1. There is a welfare state in this country. A HUGE!!! percentage of white Americans believe in the welfare state and are corrupted by it; the percentage of non-white Americans who love it is simply staggering. 2. The US is a magnet for people who’ve not the slightest clue about the Western mind, people who would destroy the West by their very presence. My problem with a free flow of labor is purely societal and cultural, not economic.
What has any of that got to do with free trade?
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