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To: Cringing Negativism Network
They aren't being accused of tariffs as much as they are having an undervalued currency.

The per capita income is only $6,600 (2009 est.), so I wouldn't call them rich. They have such a large economy because they have 1.3 billion people.

Unlike the US they are pro-business and reaping the rewards. Much lower corporate tax rate (25% vs 40%), few of the regulations, unions, and other red tape we have here. The way to compete with China is to unleash our own businesses, not to get into a trade war.

18 posted on 09/24/2010 7:25:58 PM PDT by Wayne07
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To: MrShoop

Make no mistake.

Chinese markets are closed. It goes (far) beyond currency issues.

We’re being played. Worst of all, we’re being played by our own side as well.

RINO globalists are in bed with the enemy. Quite a few of them in fact.


20 posted on 09/24/2010 7:28:07 PM PDT by Cringing Negativism Network (GOP establishment are dinosaurs. Tea Party is a great big asteroid...)
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