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To: DannyTN
Ah, good idea! Let's start a trade war!

Also, China's Yuan is pegged to the dollar...

To fix the situation, we should be advocating market-based interest rates. Our lack of capital and production should be blamed on Fed policy and not Chinese mercantilism.

Economic reality indicates that prices need to decline which includes allowing wages to fall. It's about competitiveness and real economic growth.

Interest rates will never come up due to our unsustainable debt. So, economic policies against China will just distract us from the real problems.

14 posted on 11/13/2012 2:43:34 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: Cheap_Hessian
"Ah, good idea! Let's start a trade war!"

We've been in a trade war. And we have refused to fight back and now have 25% unemployment to show for it.

Currency manipulation is not the real issue. It's the whole idea that trade with low wage countries is always a good idea, regardless of how high your own country's unemployment is.

19 posted on 11/13/2012 3:00:27 PM PST by DannyTN
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