Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I find it ironic that the people who are admonishing the FED for implementing quantitative easing would suggest they continue to do it to address Chinese currency undervaluation.
China is the straw that stirs the world’s economic drink right now. That's why there is a lot of talking and posturing but very little ACTION. Nobody including the United States wants to feel the wrath of a Chinese economic retaliation. Also do you REALLY think that American corporations are going to go along with any plans that would threaten their market access to China. After all they brought and paid for politicians in Washington to do their bidding.
I got to hand to the Chinese they are in the process of becoming the most powerful nation on the planet without firing a single shot at a foreign country.
yes in a way the us will still have it's miltary might but it will become like england after ww2 with less influence on the world
We might as well start trying to understand that by giving China all of our manufacturing, and then buying anything they decide to sell here, that we've become THEIR handmaiden -- or should I say "indentured servant."
We'd be better off pulling our manufacturing home, putting people to work, cleaning up our substance abuse problems, stopping the wars on everything, and start minding our own business.
The glass NY is going to use for the New WTC building
will be imported from China.
The paddle we would use in the wood shed to give China a spanking is probably made in China as well
We can't act like a victim. When you enable a country like China to exploit us then whose fault is it? Our companies outsource jobs to China. It's not like China put a gun to our heads and forced us to outsource jobs to them. U.S. companies get greedy and outsource jobs to China so that it's rich executives can make even more money at the expense of laying off U.S. workers. Companies then come up with this b.s. reason of "Well we can't compete if we don't hire foreign workers" No, they would still make money hiring U.S. employees but just not as much if they hired foreign one but to them they don't care if they lay off 5,000 U.S. employees if it means their VP's can make an additional million dollars a year.
We need to stop blaming other people for our problems and tackle this problem from within. Our government needs to put a stop to outsourcing by placing tarriffs on imported goods and giving tax breaks to companies who hire U.S. employees so that companies begin to start bringing jobs back home. Obama actually promised the tax breaks when he campaigned for President years ago but like so many of his promises, he allowed it to fall through the cracks once he got elected and didn't care any longer.
The last time any occupant of the White House initiated a trade war via installing the use of tariffs, the result was a substantial worsening and lengthening of the Great Depression.
We'd be better off pulling our manufacturing home, putting people to work, cleaning up our substance abuse problems, stopping the wars on everything, and start minding our own business.
That is the right solution. The problem is our politicians are bought by big corporations and this goes for Republicans and Democrats. Corporate America pays the lobbyists, the lobbyists pay politicians in some form or another and then the politicians enact laws that favor Corporate America. President George W. Bush even advocated and openly supported outsourcing by claiming it opened markets.
We can't improve our economy through smoke and mirrors. Devaluing currency etc is not going to create jobs. We need to simply pull our manufacturing home and create jobs and people will automatically spend money and stir our economy. But when people lack jobs, nothing is going to fix that.
The last time any occupant of the White House initiated a trade war via installing the use of tariffs, the result was a substantial worsening and lengthening of the Great Depression.
They called him FDR.
That would make sense if the economy and the global scene was exactly that of the FDR era. Sorry but you can't apply that logic to today's scenario.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
