OMG who gives a frick about China
Posted By: nm on 2009-01-21
In Reply to: I saw Bush's welcome home speech. - It was such an incredible, funny, down to earth sp
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That's right China. We basically support China in everyway, and
don't hear two words uttered about their communist society. But, no mention of any wrong doing from China, I mean where else can you get a shirt made for ten cents?
Robertson though has hijacked a good Christian show (I guess it's his show), but it would be a good show to watch if he wasn't on there throwing politics everywhere. I don't like the mix.
They said they didn't like China.....that China would
--
China
They're the ones we need to worry about. They're the ones holding the purse strings.
And what does this have to do with the price of tea in China?sm
As if there was a crisis in the travel department under Clinton.
Whatever gets you through this.
What does that have to do with the price of tea in China?
We're all Americans and we've all contributed in some way. I'm not into oneupmanship.
Sorry, China OWNS us...
they have major holdings in our financial institutions and hold a lot of weight here in real estate, etc, and I don't just mean a few houses. Also, when you shop at WalMart, where do you think all those items (and most we buy) come from? You better give a "frick" about them.
American only and China
I read an article recently that stated that relations between our government and China's are tense since they added the Jobs for Americans only to the stimulus bill and that since either 95% or 98% of our debt is owned by China that will make it hard to keep that part in the bill because China would then demand to be paid in full and also not let us borrow any more, which we need to fund this stimulus plan. Now, don't flame me, I'm all for work coming back to America and I would love to make more than I made 10 years ago in this job, I'm just stating what I read and to me it makes sense that the Chinese would be pissed...they loaned us money and the majority of our mfg jobs have gone to them so then they would be out the money and their people would not have jobs so I doubt that jobs for Americans only will stay in the bill.
If China wanted to do that...(sm)
they would have already done it when the economic crisis hit. We already owe them tons of money. I think they would make out better collecting interest off us than spending their resources trying to "control" us, which would eventually lead to yet another war. What I think should be in the bill is help for those who need it immediately (the ones who have already lost jobs and extending state funds to make budgets) and infrastructure, infrastructure, infrastructure, green job advancement. This can't be outsourced, it generates revenue, it provides jobs, and its needed. The more people we put back to work or keep at work, the better chance we have of paying these bills off through taxable income.
I know it looks like an enormous amount of money to be going into debt for (and it is), but at this point I don't think we have any choice. If you want to talk national security, a depression would leave us much more vulnerable than being in debt. Being vulnerable is not an option at this point.
China, India, Europe.....
I was in Italy once and couldn't swim because the local shoe factory had just poured all their dye into the Med and it was red. Most of the world drive cars with leaded gasoline. We do more to preserve the environment than many countries.
I watched a whole thing on China
and how we can buy things so cheap at Walmart because the Chinese work for little money. If the things we bought at Walmart were actually made here in the USA by Americans.....it would be a lot more expensive because Americans demand higher paying jobs. That is the thing. We are kind of screwed both ways. Do we keep the job here in American and pay a heck of a lot more money for things we get cheap now or do we continue to keep China in business by sending our jobs over there. Kind of a double-edge sword when you think about it.
I personally think that we should bite the bullet and pay more for American made goods so we can keep jobs here in America. The more we want cheaper stuff, the more we will be buying stuff made in China and the less jobs we have in America.
The stuff from China may be cheap
But it's junk! When I got married, I got an electric can-opener as a gift. (We're talking way back in the dark ages...the 70s). Anyway, it lasted almost 20 years til it quit and I had to replace it. Guess how long it's replacement lasted? Less than a year. Ditto my other appliances. Sure it's cheap, but you get what you pay for.
Add to that the recalls caused by the poisons in pet food and baby formula, all the leaded paint scares from Chinese toys....
We're better off without them. Buy American! You might pay more, but the stuff lasts longer and you're helping to keep our people working.
They'll just take out another loan from China to pay for it
they should be ashamed. And Obama can't be blamed for this one.
Already heavily indebted to China...sm
...which has been the biggest foreign purchaser of our Treasury bonds and notes. Now, I see that they're also over here snapping up foreclosure properties. America is for sale.
I don't think most Americans realize that the nation would actually be declared bankrupt if normal accounting methods that are required of businesses were used by the government. Our total forward indebtedness (which is different from "the deficit") is something like $16 trillion dollars - a sum that is greater than the combined gross domestic product of the entire world. "Indebtedness" includes anticipated obligations under various welfare programs, Medicare/Medicaid, Social Security, and our contractual obligations represented by Treasury bonds, notes and bills - which are nothing more or less than loans we have to repay. When you hear people talking about the Federal Reserve "selling" these instruments, they're not selling anything...they're borrowing! If you "purchase" a $1000 Treasury bill at par value, you give the government $1000 dollars, in exchange for which you will be paid a stated rate of interest and, then at some stated time in the future the government will pay you the face value of the bill ($1000). In other words, you have loaned the government $1000 for a certain period of time.
Foreign governments "buy" these instruments just like citizens do. To make a long story short, we (the government = taxpayers = you and I, my kids, my grandkids and any kids they have) owe the world about a $kajillion worth of these loans.
.
China sucks. Too bad our country keeps on
They're gross polluters.
Asian countries are over-fishing the earth's oceans.
China's population keeps expanding by the billions.
Their human rights policies suck, and so do all their tainted/poisoned food products.
They eat dogs and cats. And they don't even have the common decency to kill them before they skin them alive.
They contribute to the poaching of endangered species by buying things made from them (Tigers, elephant tusks, etc.)
They might have been a great culture thousands of years ago, but their glory days are over. Now that country is just cruel and dishonest.
Maybe that is why China bought Hummer?
x
China gave (or "loaned") sm
us money, so we owe them. I think my statement and yours is saying the same thing, just from a different perspective.
I don't know what you mean by not being able to "help" me with my last statement. It speaks for itself and does not require any help. If, by your statement, you mean you don't understand, this has been discussed many times on this board and the faith board. If you don't understand, I would be happy to help you.
The Great Firewall of China
Interesting.....
China has vowed to crack down on Internet content that it deems unhealthy, which has included pornography and information critical of authorities, a censorship system dubbed the "Great Firewall of China". Computer makers were notified by the government recently that all personal computers sold from July 1 must be shipped with anti-pornography software, a move that has led to widespread censorship fears both inside and outside China.
China has the world's largest online population at nearly 300 million Web users and the country's Communist Party rulers have struggled to control a proliferation of online content in recent years.
China is not industrialized? That would be a real surprise to them, I am sure. nm
China Leads the New World Order
China leads the New World Order.
Don't believe it? Look at Bush toasting the commie leaders... all of our trade deals with them...Who has us by the balls financially.... A huge component of the creation of the North American Union is megaports on the Western coast to accommodate huge Chinese tankers.... Look at Paulson and his ties with commie China.... The lone Republican lawmaker who voted against Berancke's confirmation says that Bernacke has extensive ties to commie China so it is a conflict of interest...
The above is just a sampling. The bottom line is that we will wind up just like China, with slave labor, before it's all over with.
And now we have a huge trade imbalance with china..
because China has bought up all of our securities in the form of loans. That's why kids toys are full of lead. If you're smart, you will check the labels on ALL products you buy. Did you know that in China they string their chicken coops over shrimp ponds? The chicken feed is supplemented with shavings, dust, particles from plastics and fiberglass plants (to save money) and the chicken droppings are what the shrimp feed on. Crest toothpaste is made in Mexico. Hepatitis A outbreaks came from Mexico. Dollar store brands? Check the labels on vitamins, aspirin, EVERYTHING (China - they put ANYTHING in their products). Even Birdseye frozen vegetables are grown and packaged in Mexico. The only store I have found that the labels inevitably say: Grown and manufactured in the USA is SAVE-A-LOT!!! What happened to the FDA? Remember when Bush said we couldn't buy our medications from Canada? Guess who is making most of our meds now................
Clinton begs China to keep buy U.S. bonds?
Yet if I were the Chinese, I wouldn't. A lot of manipulation tactics going on.
China to heed Clinton's call on buying US bonds: economists
SHANGHAI (AFP) — China has little choice but to follow Hillary Clinton's call and continue buying US Treasuries, as reversing course would lead to the value of its investments plunging, economists said Monday.
While in Beijing on her first overseas trip as US secretary of state, Clinton urged China on Sunday to keep buying US debt, saying it would help jumpstart the flagging US economy and stimulate demand for Chinese exports.
In fact, China has to keep investing in the United States if it wants to protect the value of its trillions in dollar holdings, said Lu Feng, an economist at Peking University's China Center for Economic Research.
"China is sitting on huge piles of foreign exchange and it will increase its holdings of US Treasuries," Lu said. "Objectively speaking, helping the US economy is good for both China and the US."
China overtook Japan last year as the United States' biggest foreign creditor, and had 696.2 billion dollars of Treasury Bills in December, according to the latest official data from Washington.
Its world-largest foreign exchange reserves, which stood at 1.95 trillion dollars as of the end of December, also mean it is the world's biggest foreign holder of the US currency.
Clinton sought to highlight the importance of the ever-building inter-dependency between the world's biggest and third biggest economies.
"By continuing to support American Treasury instruments the Chinese are recognising our interconnection. We are truly going to rise or fall together," Clinton said at the US embassy in Beijing on the weekend.
Chinese Foreign Minister Yang Jiechi also indicated on Saturday after talks with Clinton that China would not drastically change its US Treasury policies.
However, the countries' interconnectedness has attracted criticism within China, particularly as the global economic crisis slowed the Asian giant's remarkable growth and its high profile US investments showed dismal returns.
Critics have charged that, as a developing country, China should be investing its cash at home instead of subsidizing the world's richest country, or else diversifying into other foreign assets.
China's economic planners also understand the dilemma of investing so heavily in US debt.
"If it ceased to buy US treasuries, the value of existing holdings of dollar-denominated assets would drop sharply," said Su Chang, Beijing-based economist with CEBM Group, a consulting firm.
"(But) if China continues to buy them, it needs to worry about the possible depreciation of the dollar in future."
Brad Setser, an economist with the New York-based Council on Foreign Relations, calculated that China provided close to 500 billion dollars in financing to the United States last year -- too much, he argued.
"China now has more exposure to the US than is in its long-run interest," Setser wrote on Monday. Economists argue China risks being trapped as the value of its US assets would fall if it reversed course.
"I also believe the US relies far more on a single government for financing than is in its long-run interest."
Both countries, he said, should have an interest in China gradually providing less ongoing financing to the United States.
You should move to China and take your cut and paste skills
Outsourcing/China (warning - rant)
Hubby was telling me last night that China's economy is now tanking because ours is. Factory workers over there were showing up for work only to find their business had closed because of lack of orders from the U.S. India may be next. You never know. I don't see it happening with MT but like I said, you just don't know. Did you see their work days? 6 days a week and something like 12 or 14 hours a day?
I hear lip service from Nobama/Maobama about cutting taxes to bring our businesses back but don't see him acting on it. He's a one-termer. Carter got us in a heap of trouble which Reagan (I know union employees aren't fond of him) had to get us out of. All Nobama is doing is having construction/building jobs sprout up here and there. And where does the money come from to pay for his multi-trillion dollar spending? You got it - us. Those jobs will eventually fizzle out, our country will be poorer and those people will once again be unemployed..
Dems coined the phrase Voodoo Economics for Reagan's Trickle Down Economics. Whether or not you liked the man, he did a world of good for this country. He did cut capital gains taxes and cut taxes for the rich. Trickle down 101: You cut taxes for the rich, they can afford to hire more employees, more often than not, at better wages. Unemployment is down. People go out and spend more money because they are employed and can afford to. During Reagan's terms in office, he cut taxes immensely yet the government took in more money. People would much rather spend their money the way they want than have the government take it and spend it.
Folks, we work for our government. Our government should be working for us. We should not live in fear of the IRS. I attended a TEA party on April 15 and will attend more such events. We should have a government for the people, of the people and by the people. The protest was very peaceful and guess what? Not a bit of litter was left to be found when it ended, like the disgrace that was left after the inauguration in Washington, DC.
We are getting so far away from a constitutional government, it's not funny. Actually, my opinion is that we are currently a socialist government. You know the next step after socialism? Communism.
I read the most recent list of who they consider a terrorist. Hoarding food? Um, yep. Better buy it now in case a depression hits. Glad I have a breadmaker. Wouldn't want to have to spend $50 on a loaf of bread. Buying lots of ammo? Sure, but then again, we do competition shooting. Guns? Yeah, we have our share, but variety is the spice of life (Hubby bought me a Macarov but I didn't care for the way it operated (too hard to load the mag), especially after the slide came back and sliced my thumb open 5 times, bad lacerations - my fault, was handling it wrong, so I got a Glock). My husband is an Iraqi war vet. That makes us both domestic terrorists. Yet neither one of us even has the heart to even discipline our dogs. We're both very gentle people. Of course if someone broke into our home, we would defened ourselves.
I'm sorry for the rant but I just don't see Nobama caring much about outsourcing. I really really really hope I am wrong and what he is doing for our country is the right thing but I truly resent being labeled a domestic terrorist because I see us headed for a depression and am stocking up on food, and my husband happened to be in the military during the Gulf war.
Thanks for listening. 
China! Guess who bought Hummer?
I bet China and every other country is really laughing at us.
China has 'given' us untold amounts of
money? I think the US 'owes' huge amounts of money to China. China owes 50% of US's indebtness.
Your last statement in your post is just your opinion and I cannot help you with that.
Why weren't they returned to Afghan/Pak or China ? ..nm
nm
Wall street, China, Japan, whoever they gave
@
Foreign investors. China and Russia insisted on Fannie Mac bail out.
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