Why does * want the price of everything from China to go up by

FloridaPat

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 03:37 PM
Original message

Why does * want the price of everything from China to go up by

making the Chinese money not pegged to the dollar? OK, he's concerned about the trade deficit. But since we get everything from China, the price of nearly everything will go up big since our dollar is on shaky ground.

Printer Friendly | Permalink | | Top

mainegreen

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 03:39 PM
Response to Original message

1. Because its the easy way to fix the trade deficit?

Stop trading because our currency is to weak to buy their goods?
:shrug:

Printer Friendly | Permalink | | Top

subterranean

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 04:05 PM
Response to Reply #1

3. There is no easy way to fix the trade deficit

It's entrenched in our trade structure now. Most of the stuff we buy is made in China. It's not like we can start "buying American," or sell more consumer goods to China, because we don't make those things here anymore. So even with a weaker dollar, the trade deficit will not go away. We still have a huge trade deficit with Japan, too.

But in any case, do you really think Bush cares one iota about the trade deficit? I don't.

Printer Friendly | Permalink | | Top

Betsy Ross

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 05:05 PM
Response to Reply #3

5. But you can refuse to buy things made in China.

Bamboo products expected. There really aren't that many things in life that can be be acquired from elsewhere.

It took me two years to find a good pair of leather, all-weather books. Now I have a great resource for Canadian boots.

Printer Friendly | Permalink | | Top

warrens

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 03:43 PM
Response to Original message

2. And the poor will pay the biggest slice of the difference

It'll be the Wal-Mart shoppers and the dollar store shoppers who get slammed. And that makes Smirky smile.

Printer Friendly | Permalink | | Top

Inland

(1000+ posts) Send PM | Profile | Ignore

Wed May-10-06 04:13 PM
Response to Original message

4. Bush is in a real pickle.

He wants the US low against the yuan, so that China will continue to lend money. He wants the US high against the yuan, so we can maintain purchasing power. There's really no good answer when the US is borrowing shitloads from the world to fund present consumption.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Wed May 08th 2024, 03:09 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.