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China keeps tackling Paulson on currency issues - can Democrats do anything?
Karen Zuba
May 21, 2007

China keeps tackling Paulson on currency issues - can Democrats do anything?

China has fooled the American trade policies for the last twenty years.  Their policy is simple.  Use Chinese slave laborers, dump products in America, and make enormous gain in foreign reserves and then use the sane dollar to buy out America's future - the US Treasuries and other assets. 

The gainers are America's rich who can get cheap goods from China and sell them in premium market of the America.  Of course the communist leaders and military generals gain from fattening bank balances as they deprive both common people in China and America. 

Some of those who support this strange coalition of communists in china and the rich in America like Kato Institute and Wall Street argue that trade surplus are not needed for any nation to grow.  They cite Japan and Germany have trade surplus for a long time but their economies are weaker than US.  These people forget one simple thing; Japan and China do not dump slave labor on America.  Japanese deflation is the result of excessive borrowing.  The reason why the American economy looks stronger than Japan and Germany is because of the bubble in borrowing.  When that bubble collapses (the collapse has started already), the American economy will be depressed with deflation just like Japan.  What Japan did in eighties, America has done the same in the last several years.  The net effect is same - slow but steady decline in economy.

Every American citizen including Indian Americans have the responsibility to contact their Senators and House of Representative to check this total absurd behavior of the Government to favor the rich in America. 

Can Democrats do anything?  Simply put, these Democrats talk a lot.  But at the end the same folks who support China in dumping goods in America fund them. 

These same people support illegal immigration, export of American jobs to India and China, and Chinese dumping of goods in America.

American people must wake up and tell the politicians - ''if you want my vote, do things that is beneficial for Americans''.  Stop illegal immigration.  Stop outsourcing, Stop China from fooling America.  Bring parity in trade.  Stop doing everything for your political contributors. Freedom does not mean freedom for rich only.

 


 

 

 

 

 

 


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