If the J-20 is just a demonstrator then someone had better tell the Chinese people...and quick! I love anime' and sci-fi wall papers. While searching one of my favorite sites for the latest offerings, what did I run across? I ran across a little bit of Chinese nationalism in the form of the J-20. Nothing wrong with nationalism, nothing wrong with touting your latest and greatest.But there is something wrong with our companies helping the enemy all in the name of profits.
There is something wrong with our President bowing to a foreign head of state as if he were subservient (with the implication that the US was subservient to that nation).
Consider this a rant but I'm not pleased with many aspects of our domestic and foreign policy.
Why America Is Losing the Trade Race
ReplyDeletehttp://www.theatlantic.com/business/archive/2011/01/why-america-is-losing-the-trade-race/70014/
(The above sums it up more or less.)
Everyone is doing it, but the US doesn't invest in manufacuring(like Germany)so we end up with trade imbalances with countries like China which steal our intellectual property.
Now I hear the President wants to spend some more to invest in teacher's job's and the Shangri-La of green tech and high speed fail.
All in the name of infrstrucrue revival...rant off.
A lot of pictures are taken out of context. Obama pretty much dissed China (with a bit of subtlety) and touted American superiority right in front of Hu during his visit.
ReplyDeleteYou can't diss your banker.
ReplyDeleteLance.
ReplyDeletein what way did he diss the President of China? Every administration has found a new way to kiss that countries behind.
they're manipulating their currency and no one calls them on it.
they're stealing tech and no one calls them on it.
they're a communist country and no one calls them on it.
so how did i miss this subtle dig?
Solomon.
ReplyDeleteDuring the press conference. They refer to the Communist government several times to emphasize the difference between the US and the PRC.
Obama said that one reason why China's doing well in the first place is because the US has been keeping peace in the Pacific for so long and that the PRC followed capitalism, ''a system championed by America'', in his words. That came off as a subtle dig to me.
Lance.
ReplyDeletewe're shedding industrial capacity by the millions of jobs, he bows to the President of a people where saving face is paramount and the best that he can up with is to say that they're following a system championed by America???
not to start a politics flame war but i'm still not impressed. if treasury labels them a money manipulator...if he starts to put tariffs on some of their imports then it'll be a start.
words are just words if they're not backed up by action.
and the President hasn't shown any action when it comes to China.
Solomon.
ReplyDeleteI'm not here to argue or start anything either, just pointing out that diplomacy with China is more than a few simple measures.
I do agree with the Treasury is that China is probably a currency manipulator, but putting tariffs even a few of their imports would result in the PRC doing the same to our exports to them, igniting a trade war. That's a lose-lose situation for both economies. Also, while you didn't mention this directly, making China appreciate their currency wouldn't bring jobs or business back the US by any substantial amount, instead going to other countries like India and Brazil. Also not the smartest move.
I feel Obama's taking a slow approach to China, knowing he's treading in potentially dangerous waters. Any president, no matter if they're a Rep or Dem, would be doing something similar too.
Lance.
ReplyDeletei can't accept that. to continue this discussion - why is everyone afraid of a trade war?
if business didn't come here and went to Brazil or India instead how is that a lose for the US?
we would have in one fell swoop limited the rise of a peer competitor and would at least have a chance to get those businesses back...if the same issues develop in Brazil or India then you do the same until it becomes clear to business that a US first policy applies.
oh and in addition to tariffs tax the hell out of these international corporations...if they leave fine...someone will take their place.
it would be painful for 10 years max.