We are selling the Chinese raw materials and food stuffs and they are selling us manufactured goods. It is the same relationship the colonialists had with their colonies.
We are destroying the middle class as the good paying jobs are exported and we are relegated to a service economy. For example, it is cheaper to build TV sets abroad and send them back to the US than it is to build them here. Shouldn't we be trying to create a business environment where that is not the case?
I didn’t say it was statistically significant, but it’s pretty self defeating of your own logic to demean ANY exports to China.
If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.
But see, I don’t think you want this solved. I think you just have a visceral irrational hatred of China and naively think we can exist in the world economy without doing business with them.
Servant and Catherine: THEY DESTROY THEIR OWN LOGIC WITH THEIR EMOTION PING.