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To: US Navy Vet
Our folly with China was in deluding ourselves into believing that by throwing open U.S. markets to goods made in China, we would create a partner in prosperity. What we got, after $4 billion in trade deficits with Beijing, was a gutted U.S. manufacturing base and a nationalistic rival eager to pay back the West for past humiliations

100 years from now, this will be seen as one of history's greatest mistakes

9 posted on 06/09/2015 7:18:33 AM PDT by Last Dakotan
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To: Last Dakotan

Pat missed a zero. Our trade deficit with Red China is closer to $40 billion.

Near the end of the article he tals about a cumulative $11 trillion trade deficit since GHWB. I have NO idea how he got that figure (especially if he has the deficit with Red China at $4 billion).


10 posted on 06/09/2015 7:46:35 AM PDT by Dr. Sivana (There is no salvation in politics)
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