bail out for china
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america is the only country that allows to collect taxes all over the world so it has pay for loans all over the world
simple
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'Free trade' only applies to America. China puts 200% tariffs on U.S. products and India puts 150% tariffs on our auto. India also banned all Chinese toys because Indian toy producers can't compete. Meanwhile U.S.A's markets are wide open. We don't have free trade. What we have is unbalanced trade that is sucking the USA dry.
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Um, Representative Sherman is a DEMOCRAT. It says so on the screen.
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and I love how people defend China with a "free trade" arguement. It's not about free trade. there are bureaucratic motives behind this as well as internationally political ones.
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I wonder if he's referring to the $700 billion that China holds in US treasuries. 700 billion is a magic number! First it's the amount of our trade deficit. It's also the amount of the 1st bailout. there was also an electric run on the banks worth $550 billion. Then G-20 and a G-7 meetings. China is definately involved. The govt is not giving us any transparancy on how.
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HAHA I'm so shame to be American, we our banks spend recklessly and lend out money that banks don't have. Now this guy is blaming on other country such as China. god i hate this guy, why can't people spend less and rely less on credit, why are we still engaging in a war that is costing us billions per day. If attitudes like this republican still continues, I think this country is going downhill.
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China Blocks iPhone In China 2/10/09
China Mobile chiefs, however, balked at this. Wang apparently considered the notion of Apple interacting and directly collecting payment from Chinese consumers as a "threat" to the operators dominance over the countrys mobile internet market.
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America 's fucked if they elect people like
this to government.
Why doesn't he look at the source of the problem before he pushed the blame on others.
DId this happen? It sure did! Is thier yet another bailout on the table, and 55 trillion budget. Sure is. WTF SHEEP. Obama is destroying America. fuck you. wake up. Don't get mad at me, get mad at your new SOCIALIST DEMOCRACY, fueled by IMPERIAL CAPITALISM. WAKE THE FUCK UP.
admiralcrash1 2 years ago 3
China joined the WTO in 2001. All WTO members are required by WTO membership to allow their currency to float freely. China has never allowed its currency to float freely - thus making its products always cheaper than American products. Now after 10 years of $200 billion annual trade deficits, we wonder why the USA's econ is sinking. It's the Chinese, stupid.
indiasucksalways 2 years ago 2