Having China produce what we cannot profitably produce means they have the purchasing power to buy more from others including government bonds.
Small =v13% compared to 87% as I said. And that includes exports and imports.
Only 10 yrs.? Most of the anti-Free Traders claim 30.
Bush campaigned on the prescription drug plan hence when elected he did what he promised.
The GOP has the only rational jobs plan DON”T RAISE TAX RATES.
We can profitably produce much of what China produces.
We can’t produce it profitably when their currency is pegged to undercut our costs.
We can’t produce it profitably when we’re adhering to laws and regulations that they do not.
And we can’t produce it profitably when we’re observing intellectual property laws that they do not.
Bush might have campaigned upon it, but the GOP leadership in the House broke the House rules to hold the vote open until they twisted enough arms to pass the bill. The bill would have failed without this tactic.
Simply not raising taxes isn’t going to restore jobs. Why aren’t we seeing jobs created now that the Bush tax cuts have been extended, hmmm?