Skip to comments.Obama risks trade war with China
Posted on 02/01/2012 6:40:42 AM PST by expat_panama
I will go anywhere in the world to open new markets for American products, President Obama said last week in his State of the Union address.
He also indicated that hes willing to risk a trade war with China, possibly leading to a swift closure of new markets for U.S. goods and services - the exact opposite of his stated goal.
Mr. Obama entered the White House three years ago as a protectionist candidate who spoke of withdrawing from the North American Free Trade Agreement. Once in office, he felt the burden of responsible governance and reversed course, promising to double exports in five years and embracing the free-trade agreements negotiated by his predecessor.
Last week, however, the president switched back to campaign mode. He defended his record on trade but also went on the offensive against China, announcing the creation of a trade enforcement unit that will investigate unfair trading practices, search for counterfeit or unsafe goods and file formal complaints, presumably with the World Trade Organization.
Meanwhile, China retaliated with its own tariffs on American chicken exports, doubling the prices of some products and shrinking the U.S. share of Chinas chicken market. The move was so damaging that Ambassador Ron Kirk, the U.S. trade representative, complained that China was threatening American jobs.
The Obama administration cant have it both ways, claiming to save jobs when it pursues protectionism and griping about threatened jobs when competitors strike back.
This illustrates the weird logic of trade wars. A dispute that the Obama administration thought would involve only a subsector of the tire trade suddenly hurt American agriculture. Trade wars have a terrible tendency to spread through unrelated industries like a deadly contagion until they infect the whole economy.
(Excerpt) Read more at washingtontimes.com ...
There’s just no way around the fact that pseudo ‘Americanism’ rants won’t wash —protectionists are just tax’n’spend democrats.
"Evidence of China's economically devastating theft of proprietary technologies and other intellectual property from U.S. companies is growing. . . The bottom line is this: China has a massive, inexpensive work force ravenous for economic growth. It is much more efficient for the Chinese to steal innovations and intellectual propertythe source code of advanced economiesthan to incur the cost and time of creating their own. They turn those stolen ideas directly into production, creating products faster and cheaper than the U.S. and others."
A recent NY Times article said that China recognizes that it does not even have the capability to do its own development and until it does it will continue stealing or doing what ever it takes.
Opposing that is Protectionism?!
What other kind of technology is there in Red China other than stolen? When the Nytimese publish an article agreeing that one of their favorite countries has problems you know it's true!
The Real Problem With China "For the United States, the No. 1 problem with Chinas economy is probably intellectual property theft. Technology companies, for example, continue to notice Chinese government agencies downloading software updates for programs they have never bought, at least not legally . . . Chinas leaders have reason to be nervous about all the barriers they have built. Chinas elite, in government and business, are deeply concerned that their companies remain unable to create truly innovative products."
China calls us a paper tiger. Red China is carbon paper -- and they had to steal the carbon paper!
.. and when Red China kicks U.S. investors out with NOTHING! don't go begging Congress for another TARP, guys -- or we'll go asking Congress to go after you for treason!
Right, and the PRC government announcement of its official theft policy was published when, last year? Please share a link to that one if you could...
Thanks, I thought so, but the real point here is that no way in hell are the people of China ever going to believe --much less publicly recognize that they'll only achieve national greatness through theft.
The three hundred million or so benefiting maybe welcome whatever has worked.. but that still leaves several hundred million more.
"In 2010, China was rocked by 180,000 protests, riots and other mass incidentsmore than four times the tally from a decade earlier."
BTW, I just noticed why I can see the whole article even though I am not signed up. I found the aritcle using google. WSJ gave me a "Free pass" with an invitation to join.
There are plenty of news articles reporting that the citizens of Red China are indeed angry about things. A nationwide Tiananmen Square and revolution would be the best thing to happen -- to wit, let the people take out the commies even if it means another Bamboo Curtain.
Since Mao's "agrarian reformers" took over every crime against the people of China has been a contemporaneous event for me. I hate the commie bastards. I wish MacArthur had finished 'em off.
--and that's precisely why I can't buy this 'China steals to develop' story because they're just not seriously developing. Sure, there're lots of complaints from Americans about Chinese thieves just like many in China complain about American thieves. Not exactly something relevant when going over gdp numbers.