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Red China: Chinese think tank warns US it will emerge as loser in trade war
The Telegraph ^
| 9/14/2010
| Ambrose Evans-Pritchard
Posted on 09/14/2010 1:44:53 PM PDT by bruinbirdman
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To: Toddsterpatriot; Mase; expat_panama
2
posted on
09/14/2010 1:51:41 PM PDT
by
1rudeboy
To: bruinbirdman
We don't need sanctions. All we need is to do is answer what's more expensive.
1. Shipping jobs overseas, paying for unemployment benefits, and losing the revenues paid when the unemployed were tax payers, or
2. Paying $0.50 more for a US made pen instead of a foreign made pen.
3
posted on
09/14/2010 1:52:14 PM PDT
by
TwelveOfTwenty
(Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
To: bruinbirdman
China holds our debt. China has excess capital to buy from other trading partners.
China has a government that is much more unified than our own. The Chinese are all pulling in the same direction, more or less. The US has a political class that is in it for themselves. In fact, many in the US government have been bought by the Chinese. The Chinese have more to say about US political moves than the average American.
The Chinese standard of living is low, and the people are used to dealing with whatever the goverment hands them.
The US standard of living is relatively high, even though it’s on the decline. People in the US feel entitled. A trade war that crashed the economy would cause widespread panic.
It sort of seems to me that the Chinese, if they were willing to deal with the worldwide economic mess, could crush the US.
4
posted on
09/14/2010 1:54:15 PM PDT
by
brownsfan
(D - swift death of the republic, R - lingering death for the republic.)
To: bruinbirdman
The think tank is shallow.
5
posted on
09/14/2010 1:54:17 PM PDT
by
Colvin
(Proud Owner '66 Binder PU, '66 Binder Travelall,)
To: TwelveOfTwenty
Saddly, most Americans don’t think that deeply, and Walmart does not have a lot of American made goods. I say, bring on the Trade War.
6
posted on
09/14/2010 1:55:44 PM PDT
by
Colvin
(Proud Owner '66 Binder PU, '66 Binder Travelall,)
To: TwelveOfTwenty
2. Paying $0.50 more for a US made pen instead of a foreign made pen. If you want to cut the tax rate on the US based pen maker to 0%, I'd be all for it. Giving the government more control over trade, not so much.
7
posted on
09/14/2010 1:56:04 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Colvin
Walmart does not have a lot of American made goods.How much do they have, as a percentage of sales?
8
posted on
09/14/2010 1:57:04 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: bruinbirdman
China's authorities seem split over how to respond to moves on Capitol Hill for legislation to punish Beijing for holding down the yuan. The central bank has ruled out use of its "nuclear weapon", insisting that it would not exploit its $2.45 trillion of foreign reserves for political purposes.But it sure makes a good club to hold over our government's head to ensure that our government jumps everytime China yells, "frog".
9
posted on
09/14/2010 1:57:44 PM PDT
by
OB1kNOb
(Contrary to popular belief, America is separated by class.... the political class and all others.)
To: bruinbirdman
Mr. Ding is right as long as Obama is occupying the White House. Obama will do whatever is most damaging to the US.
10
posted on
09/14/2010 2:00:30 PM PDT
by
Truth29
To: OB1kNOb
But it sure makes a good club to hold over our government's head to ensure that our government jumps everytime China yells, "frog". What else is China going to do with all those dollars they earn from the massive current account deficit they have with us?
Nuclear weapon?
LOL!
11
posted on
09/14/2010 2:06:53 PM PDT
by
Mase
(Save me from the people who would save me from myself!)
To: Toddsterpatriot
If you want to cut the tax rate on the US based pen maker to 0%, I'd be all for it. Me too, but I don't need a $0.50 price cut or any other kind of government intervention to know I'd be saving money over the long haul by buying the US made pen.
12
posted on
09/14/2010 2:07:01 PM PDT
by
TwelveOfTwenty
(Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
To: Truth29
Mr. Ding is right as long as Obama is occupying the White House. Obama will do whatever is most damaging to the US.
0bama might sell our Pacific Fleet, including all of our Nimitz Class Aircraft Carriers to the Chinese. /No sarcasm.
13
posted on
09/14/2010 2:09:25 PM PDT
by
unkus
To: TwelveOfTwenty
1. Shipping jobs overseas, paying for unemployment benefits, and losing the revenues paid when the unemployed were tax payers, or 2. Paying $0.50 more for a US made pen instead of a foreign made pen, [and]
3. Shipping jobs overseas, paying more for unemployment benefits, and losing the revenues paid when the unemployed were tax payers because we made pens more expensive.
Who has any faith the government will sort things out?
14
posted on
09/14/2010 2:10:05 PM PDT
by
1rudeboy
To: Colvin
I say, bring on the Trade War. Absolutely. Higher prices, fewer jobs and a more influential government!!
It's the American way.
15
posted on
09/14/2010 2:14:20 PM PDT
by
Mase
(Save me from the people who would save me from myself!)
To: Mase
Folks will be screaming like, well, Democrats if the jobs are lost in their Congressional District. If it happens to someone elsewhere, not so much.
16
posted on
09/14/2010 2:17:30 PM PDT
by
1rudeboy
To: bruinbirdman
Lets see a few billion people pissed at their leader, how long before he’s dead meat.
To: Colvin
I would say that the only American made product is in the grocery department and dog and cat food. But they were importing the hell out of dog and cat food until it started killing peoples pets. LOL
To: org.whodat
I’m looking at a “Grown in U.S.A.” label on the tomatoes I purchased just today. But of course, they could have been assembled from foreign parts.
19
posted on
09/14/2010 2:24:14 PM PDT
by
1rudeboy
To: bruinbirdman
The Free Trader Globalists will side with the Communist Chinese on this one...sure bet.
20
posted on
09/14/2010 2:24:29 PM PDT
by
UCFRoadWarrior
(They don't let you build churches in Mecca)
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