Paul Krugman - The Chinese Are Part of Our Problem

[stebecool]

Give me a fucking break. Maddow is such a dishonest homer water carrier for the Democratic party. She says that Republicans are rooting for the economy to crash to make Obama lose in 2012 and ignores the fact that the Democrats did the exact same thing during the Bush years. How do people like this get passed along as "journalists"? I'm not registered to either party, but the hypocrisy and propaganda-spewing really irk me. She is the definition of "shill".

[migkillertwo]

@stebecool She's not a journalist and I don't think she's ever claimed to be. She's an opinion commentator.

[Premier112]

They don't have "poor monetary policy", it's set out to accomplish exactly what they want it to.

To expand their industrialization rapidly above and at the expense of all other world nations, while leaving their lower and middle class stagnant, and an easily controlled small economic elite allowed the freedom for wide scale capitalism to fuel their growth.

Reaching your goal is hardly poor policy.

This talk about protecting jobs is horse manure. Doesn't have a damned thing to do with jobs.

[krillin876]

The Chinese dont really devalue their currency, they just try to peg it to our poor monetary policy. In the last 5 years their currency has gained against the usd

[DimensionnX]

@krillin876 Actually they print money, which devaluates their currency, and buy the US currency, which raises it's value.

[volshebny]

He's just referring to the under-valued Yuan/Renminbi. The reason the Chinese keep their currency under-valued is to protect Chinese jobs. We just spent a vast amount of treasure and blood in the Middle East, but now that we're leaving the region we are witnessing many sales that we thought come to us are instead going to China. How do we promote sales around the globe when our competition is able to provide products at a fraction of what we can? Largely due to their valuation of their currency

[keithradamsstatus]

Excellent video great insights.

[amitshah55]

why ppl clap for him ?

[KypHeM]

I am shocked you don't have more views.

[buttheadgsxr1000]

@KypHeM Because he's not even close to being right.