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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (184386)4/4/2006 12:34:59 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 281500
 
overstrech and arrogance make for lethal mixture
combine them with pushing China on yuan upgrade, tariffs
we are biting the hands that feed us capital
like $3 billion per day

I cannot comprehend the depth of stupidity in such policy
this follows seeking low-cost solutions in Asia
US multinational corporations invested huge money in China
they got US blessing to produce more cheaply since 2000

did you know that 60% of all Chinese exports are from foreign multinationals?
a big block of that is US firms
so we are importing from ourselves, by way of China
pure labor arbitrage
now we want China to take a higher price in higher yuan
or else we slap a tariff on them (or is it us?)

do these effing morons realize the US has no mfg base ?
we cannot pick up slack from a more beneficial currency exchange rate

my God! we are utter idiots in WashDC
my suspicion is there is a group of higher level bankers above all this
they will pull the plug on the current USGovt Administration

/ jim



To: stockman_scott who wrote (184386)4/4/2006 6:50:02 PM
From: geode00  Respond to of 281500
 
Whenever any Republican or Neocon attacks Dubya and crew, I would treat it as pure bunkum just in time to save the Republican majority in 2006 and nothing more.

The current Repub strategy is to let Dubya take the heat for Iraq, it is his failure and Rummy's anyway, so that Dems can't beat them up on it later this year. It's a political strategy, nothing more.

IMO, Republicans love the money they're getting from endless, grinding war but they'd prefer fewer bad news stories. Their idea is to attack their own corporate media (which is getting out of hand according to them) and bully it into reporting fewer bad news stories...also in time for the elections.

They don't want to actually fix the war but to just fix the reporting of the war...by quashing it.

It's horribly corrupt and terribly venal but, then, what can we expect from these creatures?