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Reply #8: As someone who owns a business that imports and exports, China has been stealing American jobs [View All]

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MrTriumph Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 12:13 PM
Response to Reply #6
8. As someone who owns a business that imports and exports, China has been stealing American jobs
Because China has kept their currency artificially low, Chinese goods artificially cheap.
What is imperative is that the US government DO WHATEVER IT TAKES to end this situation.

Bush and Obama have both skirted fighting with American and Multi-National businesses that have gotten rich by taking advantage of the situation. And despite Obama's assertions otherwise, the USA manufacturing gains by exporting to Europe are MINUSCULE given 3 long years of a Weak Dollar Policy against the Euro.

So how can huge gains in US employment be achieved? Push China to increase the value of their currency. American companies will be created to build the merchandise that was once imported.
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