Problem is....anyone who still supports Free Trade with Communist China is acting like a wimp vs Communist China.
If you really want to get tough with Communist China...slap a 25% tariff on all their products. Watch the ChiComs start backing off.
But, unfortunately, too many are just as wimpy on Communist China as Obama is. Of course, Obama is not going to diss his fellow traveller Commies.
Want to get back at China there is a very simple way. Tell the Saudis, Venezuelans and Mexicans to piss off and we drill our own oil and use our own resources. Then we undersell everyone.
The second thing we do is offer incentives to our companies with factories in China to bring their manufacturing closer to home.
Finally close the border.
At the least, China will get the message that we aren’t screwing around.
Obama can’t AFFORD to offend China. They are still needed for our evcer increasing DEBT. We still need China to buy our DEBTand he knows that. Also China is MORE CAPITALISTIC than the U.S.. The OLD sterotype of China being Communist hardly applies but it serves some people well in FEELING superior to them as the U.S. turns into a third world, impoverished, COMMUNIST country.
China is growing up leaps andbounds economically as the U.S. sinks. Obama bails out UNIONS and can’t help himself in DUMBING U.S. down while CHina LAUGHS at the U.S. economic direction. Need I remind you of this?
Geithner’s assurance of dollar’s safety draws laughs in China:
A student audience in Beijing burst into laughter when U.S. Treasury Secretary Timothy Geithner said the Chinese government’s investments in U.S. dollar-denominated assets are safe. “Chinese assets are very safe,” Geithner said. “We believe in a strong dollar ... and we’re going to make sure that we repair and reform the financial system so that we sustain confidence.”
CNBC.com: Shock and Awe: The U.S. Deficit Problem
October 6 2010 -
Published: Wednesday, 6 Oct 2010
By: Lori Ann LaRocco
CNBC Sr. Talent Producer
...
LL: I have been hearing from numerous contacts that they are afraid there will come a point where China tells the U.S. to stop spending and make spending decisions for us. Who is in charge of our destiny? Is it the U.S. or China?
BC: Today we are probably still in control of our destiny but very soon we won’t be. During the financial crisis I spent a lot of time on the phone with Hank Paulson. I’m kind of a seven day a week person and during the crisis so was he, and he kept telling me, “Corker I’m concerned about China. Corker, I’m concerned about China.”
...
Again, we are above where we need today, but we’re quickly moving into a place that puts us into that kind of situation where people and countries will tell us what to do. That’s what lenders do right now with borrowers. Lenders begin telling borrowers how to run their operations. That’s exactly what could very well happen to our country if we continue on this path. We are putting ourselves in a very perilous situation.
...
China tells U.S. to put fiscal house in order
May 20, 2010
...
“We have noted that President (Barack) Obama and Treasury Secretary (Timothy) Geithner have stressed they are paying attention to the problem of the excessively high U.S. fiscal deficit”, Zhu said, noting that it was also “a matter of concern to China.”
“We hope that the U.S. fiscal deficit will fall as a proportion of GDP as the economy recovers and reach a sustainable level,” said Zhu.
So China has noted our similarity to Greece. And this verbal spanking is not unlike what the EU has been delivering to Greece. At least, in the early stages.
...
China is the world’s largest holder of U.S. Treasuries with $895.2 billion. It added to its stockpile in March for the first time in seven months.
Chinese officials, including Premier Wen Jiabao, last year prodded the Obama administration to avoid pursuing fiscal policies that could erode the value of those treasury holdings.
It didn’t work. Instead, Mr. Obama ballooned the deficit at a rate never before even imagined.
No wonder the Chinese stopped buying our debt.
Geithner will tell Chinese officials that the United States intends to get its deficits down but only after recovery is fully established, a Treasury official said on Wednesday…
...
http://sweetness-light.com/archive/china-to-us-put-fiscal-house-in-order
You canbeat up CHina all you want but the FACT remains that Obama is spending away our future and even the CHINESE with the money for our DEBT are backing off. They also SENSE that Obama is a wimp. THey’ve gotten him by the short hairs with their WEALTH and buying of our DEBT. We, the U.S. can NOT afford to bite the hand that FUNDS OUR DEBT. The U.S. is WEAK and China SEES IT.
TARRIFS are the worst thing you’d want to do. It is OBAMA that is the problem to our economy. Stop making up excusesfor him. I can’t blame China for literally LAUGHING at U.S. and stepping away from debt buying. They KNOW they have the upper hand now and they are acting out.