Thom debates Free Trade with LIBERAL? Danny Schechter (1/2)

www.thomhartmann.com

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[LanceDirk]

It's part of the job of the federal gov't to regulate interstate commerce. That is obviously interstate commerce, so the gov't doesn't have to do anything tricky like deny road funding, it can just outlaw it.

[luvcheney1]

@christo930 I have acknowledged to you China ought to float its currency freely, but it isnt that important, because we are compensated with inexpensive products, that balance the problem. It is silly to expect China to stunt growth by cleaning the air up now, nor do I think a 10 min break every 4 hrs, and MLK`s birthday off, and 30 lb lifting restrictions are coming quite yet.

[christo930]

@luvcheney1 I acknowledge that, I just don't think China is doing everything right. You seem to think that China (gov) can do no wrong.

[luvcheney1]

@christo930 Chinese real estate requires very high downs and equity, 50% in many cases. They are already trying to snuff out the boom, but people dont walk away from 50% equity like they do here at zero to negative equity. You seem to ignore the fact that WE blew up the economy and the pieces are still hitting us on the head.

[christo930]

@luvcheney1 It would be better if they stopped suppressing their currency, enforced safety and environmental standards and cracked down on piracy. Instead, they have blown up a housing bubble that dwarfs ours and a stock bubble and they might end up suffering the same fate as Japan did when they suppressed their currency and blew up a housing and stock bubble.

[luvcheney1]

@christo930 Growth IS providing a better standard of living for them. They arent meeting your standards. Funny, I see them becoming like we were when we grew powerful, and the US as becoming more a command economy like they were when poverty stricken. They lecture us about deficit spending, as does Merkel.

[christo930]

@luvcheney1 I agree that our gov spending is reckless. China knows they aren't going to get paid back, but they don't quite know what to do at this point. The communist party embraced growth to such a degree that it may as well be the official state religion. Growth is put above all else, including the lives of their citizens. I certainly hope that China doesn't decide to spend it's reserves by building up a military. They could surpass us militarily within 5 years.

[luvcheney1]

@christo930 Every Nation ought to follow free trade. Every nation ought to allow its currency to float freely. But nations pursue policies different from that. China wont allow its currency to rise, but that is their decision. It makes it harder for us to export to them balanced by the fact it makes our imports from them inexpensive. I dont want a war with them, shooting, or trade. You ought to listen to them, they warned about our reckless spending! They know US Treasury bills will collapse.

[christo930]

@luvcheney1 So you want free trade for the US, but managed trade for the Chinese? IF you think you are doing the Chinese any favors by supporting this terrible policy the Chinese are pursuing, you are sadly mistaken. How is it a good thing that the Chinese people are having their purchasing power stolen from them AND having bubbles formed in their economy?

[luvcheney1]

@christo930 China is making a choice to keep its export business going, until it can pick up the slack with domestic demand. Then, they wont be 100% dependent on us. That is their decision, not ours. We can bitch, but it is their decision. You dont care a shit about the chinese people, their present course is improving the lives and standard of living. In 30 years, it will be much better. China is a miracle. You just think they should bow down to our trade desires.