Posted on 10/03/2013 9:14:53 AM PDT by Ernest_at_the_Beach
(Excerpt) Read more at freebeacon.com ...
I hope they can defeat the Northern Virginia crowd...
Oops...wrong thread..!!??!
Well.... seems then that they could harvest some of that space junk everyone complains about.
Can we raise the import tariffs on china now? Or does American unemployment and their military strength need to go even higher?
Well... If you have said South Carolina instead of Virginia, it would have worked.
“Can we raise the import tariffs on china now? Or does American unemployment and their military strength need to go even higher?”
Yeah, we can, and watch them raise rates on the money the Democrats are borrowing.
We’re toast. The Chinese own us, and we are in decline, with a young population that has their heads firmly planted up their own hind end.
China is powerless to change the rates. All they can do is stop borrowing from us. The rates are set by the Federal Reserve which steps in and buys when rates go too high.
Maybe I am confused...I thought we were borrowing from them.,
We borrow at auction to who ever pays the least for the debt.
China has been a big buyer of our debt because they soak up the dollars their firms make selling us cheap imports. They do this through taxes and state owned firms. Then instead of letting those dollars buy our trade goods, they buy our debts and our manufacturing know how.
Since the 2008 Banking crisis, the Federal Reserve has stepped in and been buying a signficant portion of the debt to keep the interest rates low. If China doesn't want to buy our debt from us at a reasonable rate, that's okay, the Federal Reserve will buy our debt from us.
So even though China has been a big buyer of our debt, they don't control the rate paid, we do.
Hey lets keep Free Trading w Communist China so they can blow up our Satellites....
I rather pay tariffs than the Chinese military....some folks prefer treason...I guess
Actually....raising tariffs on Communist China is the way US counters Communist Chinese aggression and military.
Communist China knows they cannot raise the interest on US loans because they cannot risk US bankruptcy. Communist China still needs US market because it is the largest....and there is no replacement for it.
If we did not have so many Free Trade Communists in both parties...we can easily deal with Communist China
Raising tariffs would send money to the federal government.
Not a good idea.
Perhaps you recall the US captured a satillite several years ago, performed a repair on it, and then released it again.
Hubble.
And before that Apollo and Gemini.
Hey, we could just inflate our currency to devalue the Chinese investment.
What could go wrong?
Reducing our debt would be a horrible idea? Let's not fix the U.S. economy, because that would help the U.S. government? Why don't we just offshore the rest of the jobs. That's teach that government!!! /s
The government can't fix the economy (except in the neutered cat sense). They don't know enough. They can't know enough. Central direction of the economy fails every time it is tried because central directors don't get timely price information or timely demand information. At best they get old information, which adds a powerful lag to their attempts to control. Lags in a controller lead to instability, causing what is known as a "business cycle". That means that government actions to speed the economy are timed to occur when the economy is already too hot, and government action to slow the economy will be timed to occur when the economy is already slowing.
That means that under government 'fixing' products are produced inefficiently during booms, and recessions are deeper and longer lasting.
The founding fathers put import tariffs in place first thing.
Those tariffs were in place for the first 190 years of this country’s existence and they served us well. We dropped them in the 1960’s, and now 40 years later we are seeing the results. Highest unemployment in 90 years, longest recessing in 90 years. Industries destroyed. High government debt. 110 million Americans on food stamps, 4 out of 5 facing poverty.
And China, which is ideologically opposed to us has been empowered and enriched.
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