China treatens trade war (2014, union, credit card, borrowing)

[treasurekidd]

Do you really think the spoiled American public could stand the austerity of not being able to purchase anything they want any time they want?

I don't think they would have to wait long. First off, most new clothing that I've seen lately is all made in Central America, not China. Secondly, I happen to believe that if we had too, we could ramp up manufacturing to replace China as a supplier rather quickly, both here at home and in places like Mexico and Central America. We did it in WWII, where we started with very little and were soon pumping our planes, tanks, ships, guns, etc by the thousands every day in a few short years. Hell, a trade war with China might be the best thing we could do for ourselves, if not in the short term, but certainly in the medium to long term. Again, bring it on.

[user_id]

Originally Posted by treasurekidd

I don't think they would have to wait long. First off, most new clothing that I've seen lately is all made in Central America, not China.

This isn't a change, textile imports from China are limited with quotas so Chinese imports never dominated the US market.

Originally Posted by treasurekidd

Secondly, I happen to believe that if we had too, we could ramp up manufacturing to replace China as a supplier rather quickly, both here at home and in places like Mexico and Central America.

How so? A lot of the "know how" is in the grave and there is little interest in manufacturing among young entrepreneurs.

[treasurekidd]

How so? A lot of the "know how" is in the grave and there is little interest in manufacturing among young entrepreneurs.

There is little interest in manufacturing among young entrepreneurs because entrepreneurs want to make money, and there's no money in manufacturing here. Change the rules of the game by lowering taxes and expensive regulations and remove or at least lessen cheap foreign competition (in other words by making it profitable again) and interest in it will surge.

[user_id]

Originally Posted by treasurekidd

There is little interest in manufacturing among young entrepreneurs because entrepreneurs want to make money, and there's no money in manufacturing here.

But there is money in manufacturing here, the US has a large manufacturing sector its just dying due partly to a lack of interest. Young entrepreneurs aren't interested in it because investors aren't throwing money at it like they are social media, tech, etc.

Originally Posted by treasurekidd

Change the rules of the game by lowering taxes and expensive regulations and remove or at least lessen cheap foreign competition ..

[/quote]
Lowering regulations is no different than using tax payer money to subsidize manufactures so you pay as well do that instead of destructing the environment.... Lowering taxes? Whats that going to achieve?

Anyhow, you've managed to cite numerous cliches in one short post...good job.

[Novadhd5150]

We need to tax all Chinese imports just like they tax ours..This will encourage more domestic manufacturing.

[newonecoming2]

We need to take a shot at out saving them. We need a very high savings rate.

[newonecoming2]

Originally Posted by treasurekidd

There is little interest in manufacturing among young entrepreneurs because entrepreneurs want to make money, and there's no money in manufacturing here. Change the rules of the game by lowering taxes and expensive regulations and remove or at least lessen cheap foreign competition (in other words by making it profitable again) and interest in it will surge.

Just keep the regulations the same for a bit. Changing them all the time drive businesses out of business.

[Butterfly4u]

The Chineese inflict a 25 percent tariff on any US goods sold in China.
THe USA inflicts 2 percent.
Think that is fair?
China needs us as much as we need them.
They will have to realize that the USA will have to raise that 2 percent up to meet theirs.
IF WE DID THAT corporations would start building manufacturing plants back in the USA.
There you go, jobs.
JOBS.
We didn't spend a dime.
People here will cry and yell because the USA will raise the prices of Chineese goods.
They will say terrible government, not realizing that now if Corps. built here, and
supplied jobs here at home, the corp. could make money.
90 per cent of ALL USA jobs are SERVICE jobs.
Wake up people!

[treasurekidd]

We need to take a shot at out saving them. We need a very high savings rate.

Agree 100%. People need to get out from underneath their piles of debt and pile into savings. The problem is that todays non-existant interest rates makes savings cash a losing proposition. Still, having a pile of cash handy is always good, interest or no.

Just keep the regulations the same for a bit. Changing them all the time drive businesses out of business.

I'll settle for that. Keep it staus quo for a while and remove a lot of uncertainty that is keeping business from hiring and investing in new operations. That works for me.

[wheelsup]

Originally Posted by treasurekidd

Agree 100%. People need to get out from underneath their piles of debt and pile into savings. The problem is that todays non-existant interest rates makes savings cash a losing proposition. Still, having a pile of cash handy is always good, interest or no.

Paying down debt won't create jobs, in fact it will destroy them.

I'll settle for that. Keep it staus quo for a while and remove a lot of uncertainty that is keeping business from hiring and investing in new operations. That works for me.

The status quo outsourced millions of jobs over the past 10 years. Great ideas .