Direct Correlation-China’s Growth Comes At The Expense Of The United States

[FreakinDJ]

Direct Correlation: China’s Growth Comes At The Expense Of The United States

By Richard A. McCormack

As China rises, American tumbles. That is the story told by a new report from the United States-China Economic and Security Review Commission describing the economic performance of the United States and China since China was admitted into the World Trade Organization in 2001.

In virtually every important economic indicator, China has been growing at exponential rates while the United States suffers death spirals in jobs, income, wealth and prestige. “You can’t fudge the numbers,” says Charles McMillion, president of MBG Information Services and author of the report, “China’s Soaring Commercial and Financial Power: How It Is Affecting the U.S. and the World.”

For the past 10 years, China’s economy has grown four times faster than the U.S. economy, and the U.S. economy has grown slower than the world economy. An economy that is growing slower than the world economy should have a trade surplus, yet the United States over that period has racked up $6 trillion worth of deficits. China’s surpluses have reached $2 trillion, a huge number for an economy with an annual GDP of $4.5 trillion. China has done this with “fundamentally protectionist policies” that have “broadly undermined…the most productive sectors of U.S. industry,” according to McMillion.

The consequences of the U.S. government’s decisions not to aggressively pursue China’s trade practices have proven tragic for millions of Americans. “We simply could not sustain this level of debt and when something is unsustainable it stops and sometimes it stops unpleasantly,” says McMillion.

http://www.manufacturingnews.com/news/09/0717/uscc.html

But China needs the Economic advantages of Free Trade so the Government can afford lock up more of their citizens who demonstrate for the same freedoms we have here in America

[virgogal]

1. All I have to do is walk around my house and check items made in China

to know this is true.

Most of the "stuff" is of inferior quality also.

[Deja Q]

2. And then China grumbles when the US starts to falter.

:crazy:

And if they are engaging in protectionism, then they have no right to criticize any other country for doing so.

[ConcernedCanuk]

3. I remember a quote from "Die Hard" from a Japanese executive

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.
.

It's from memory, not verbatim, but went something like this:

"You got us with the bombings of Hiroshima and Nagasaki;

We got you with transistor radios"

. . . . . . . . . . . . . .

Something to ponder . .

[kenny blankenship]

4. But several people in America who previously were only very rich

have consequently become very, very, very rich. And as we know from Classical economics, that's the best situation of all. Because rich people create jobs.

So it's not as simplistic as you make it sound.

[FreakinDJ]

5. Pure BullShit Kenny Boy

These are the same Fuck Wads that brought you Credit Default Swaps and the current economic recession.

Oh yes they are going to share the wealth - just as soon as they get a few more $trillion out of the tax payers first

No its just like Argentine when the Argentinian Government during the 90s bought into the Globalism / Free Trade Bullshit. Over night the Wealthy Corporate Elitist pulled every Fucking dime out of the country - EVEN THE CITIZEN SOCIAL SECURITY FUNDS

So Kenny Boy - Unless you got some Hard Facts to back up the BullShit you are peddling......STFU

is that simple enough for you

[kenny blankenship]

6. Yes it was pure bullshit

but you didn't have to swallow it whole.

Exaggerations, pointedly outrageous statements, and self-contradictory/circular arguments can be a clue. And that's all that I'm allowed to say.