Let's add up the ways the Chinese are our masters. They work for nearly free to make and sell goods to us far cheaper than we can make them for ourselves thus enabling us to enjoy a higher standard of living.
In return they receive pieces of paper called US dollars which are worth no more or no less than the US government wishes them to be. Then they stockpile these dollars because they would be worthless if redeemed all at once.
While they have held these promises to pay promises they have decreased in value on a world wide trade weighted basis by over 40% in the past 5 years. Real smart masters.
So they trade blood, sweat, and treasure for pieces of paper. They won't always be so stupid so enjoy it while you can.
Do you really want to pay a UAW union member over $70 per hour to make a car for you? Do you want the government to REQUIRE you to buy what they make no matter how piss poor it is (remember the 70’s domestic cars)?
If someone, some company, or some country wants to give you a free car would you complain? Probably not, so why complain if it is 20% - 50% off? We should celebrate when the Chinese sell cheap because we get a bargain and they go broke.
We owe them almost a trillion dollars. I fear them far more than a fellow American. They continue to screw with our currency. How about this...if you live in Taiwan, better find some place else, we will soon let the Chinese have their way...how can we argue with our bankers. As for prospering. We have not prospered. Our standard of living has declined every year because of free trade. Also, China is not growing as much, but they are not broke. They have lots of money...American is broke. Also, union autoworkers do not receive 70 per hour. This is a lie...they throw in legacy (cost for retired workers) in this calculation. They make about the same as the transplants in terms of wages. The union will take over legacy in 2011...if not sooner under some deal worked out this year.
Standard of living? You looked around lately?
Countless have and are losing their jobs, homes, retirements, saving, investments..
You can't send send hundreds of thousands of our jobs and industries overseas to China and India, and then allow into the U.S. tens of millions of low wage illegal workers.
This is national suicide.
Don't believe me? Look around.
So you’re happy that America has become an immoral unethical “free trade” driven country, with socialism or communism just around the bend for all the out of work citiznes? I for one do not wish my government to inflate the money supply to fleece Chinese slaves. “free traders” are basically low lifes who care nothing for their country and what is right, according to your post.
Americans want their neighbors to prosper as they want to prosper themselves. When people earn a decent living they give much more back to their community and country. “free traders” want slavery to return to his country. It has in many ways, due to “free trade” agreements with high human trafficking countries and the blind eye our government turns to illegal aliens used by criminal businessmen in this country. The Dept of labor in 2002 admitted there were at least 140,000 slaves working IN THIS COUNTRY. This has all happened since the “free traders” usurped our government. Forty years ago people would have laughed at the thought that slavery would return here. And yet, you “free traders” have brought it back.