in_moes_honest_opinion asked:
Here in Michigan we have a guy running for govenor who invested $200,000,000 building a factory in China. He said the factory only produces goods for China and that Chinese law requires you to produce the things in China that you sell there. So tell me dear neocons, why is it that the Bush administration pushes their “free trade” bs as being necessary to a vibrant economy here and stupid people believe it?
Leogirl, just where did I say Bush was responsible for the Chinese economy? All I pointed out was what they do and the fact that they have a extremely fast growing economy.
Depends on whether you mean as in Dollars per year, or as a percent of present GNP
As a percentage yes, but then they are only at a GNP of about
US$2 Trillion and the USA is getting close to $12 Trillion
Comment by Heinz M — September 12, 2006 @ 3:17 pm
THANK YOU WAL MART
THANK YOU AMERICAN GOVERNMENT.
Comment by jane l — September 14, 2006 @ 12:57 pm
So the President is responsible for China’s economy now? all righty then. Grow up.
Comment by Leogirl0804 — September 16, 2006 @ 1:47 am
oh, your only pulling a few things out of context there.
Comment by David W — September 16, 2006 @ 11:51 am
You have a lot of nerve talking money. After you left Larry Fine to die in that old hotel on the corner of Franklin and Gower.
Comment by S&B — September 19, 2006 @ 4:13 am
I’d go with China as well – as far as significant countries go. The Neocons idea of ‘free trade’ is probably similar to their interpretation of ‘freedom and democracy’ – i.e. open to broad interpretation.
Heinz M – If you want a realistic comparative example of GDP I suggest you adjust the figures for inflation. Real GDP growth in the US has been virtually flat for ages – the fantastic figures claimed are a result of dollar inflation.
On the other hand the Chinese GDP is measured in a currency that is probably a lot lower against the USD than it would be if the Chinese Government allowed it to float without interference.
B.T.W – If anyone thinks that growth in Asia is going to rescue the West from the worst economic depression in history I think they’re swallowing too much Fed b.s.
Comment by Bring back Democracy — September 21, 2006 @ 10:14 pm
Did not Clinton sign NAFTA?
Or is your memory selective only because of your political persuasion?
Second, your first point is irrelevant to your second point. It seems to me that you want to require people to produce products in the nations that the products are sold in, correct?
If this is the case, you need to understand comparative advantage, and also you need to look at the real-world example of New Zealand in the 70’s when they abandoned free trade and the concepts of comparative advantage.
China does not have the fastest growing economy, when you measure debt against it. China has, by its own standers, over 1.1 trillion dollars in bad loans outstanding to the private sector of China. The economist ran a solid story on this back in Feb. You just might want to look it up. China will soon be in the boat of Germany and japan in the 90’s….that is a paper economy with crushing unemployment, housing, cost of living increases….
China is a producer of the material goods of others. Those that sell the goods reap the rewards greater, and those are sold here.
If you want, email me and we can continue this in a more detailed environment.
Ciao!
Comment by lundstroms2004 — September 24, 2006 @ 5:21 pm