Posted in Economics, Mitt Romney, Politics, trade, trade deficit, wealth redistribution, tagged Barack Obama, China, currency manipulation, mitt romney, United States on Jam3000000amThu, 22 Mar 2012 09:55:33 +000012 10, 2010 |
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According to the Guardian Newspaper, “The potential for a trade war is hovering in the background as Congress and the Republicans agitate over what they regard as underhanded tactics by Beijing. Mitt Romney, the likely Republican presidential candidate in November, is threatening important restrictions and other barriers because of China’s alleged currency undervaluation.”
Some of this stuff is totally stupid. The United States has a trade deficit with China. Right? Wrong! The United States has a trade deficit with US corporations producing their stuff in China and shipping their stuff to the United States. You know who these “persons” are; Nike, Hewlett-Packard, Apple, Microsoft and on and on.
So what Mitt is saying is simple. If Mitt, the king of corporate raiders, becomes president, somehow, he’s going to place restrictions on Nike, Apple and tons of other US corporations that will minimize their ability to export their stuff to the USA. I don’t buy it anymore than I buy the same crap from Obama. It’s all just theater meant for us to consume. Obama and King Mitt are creating an illusion not in harmony with reality when it comes to trade with China.
Click here for the latest news of how Obama and Mitt plan to keep the illusion alive
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