Ok we have issue but nothing like this . . .

Welcome! Forums Non-Running Forum Ok we have issue but nothing like this . . .

This topic contains 8 replies, has 4 voices, and was last updated by  ed 7 years, 10 months ago.

  • Author
    Posts
  • #12187

    ed
    Participant
  • #30826

    Andrew A.
    Member

    Our issue?  We continue to tacitly endorse and thus enable this sort of thing via political action.

  • #30827

    Ryan
    Keymaster

    Through political and economic action.

  • #30828

    Run
    Member

    …as well as political inaction.

  • #30829

    ed
    Participant

    So what should our political action be?  Scold them like we are doing now with Iran – that has worked well hasn't it.  Economic sanctions on Iran hasn't worked either.  Empty hollow threats will do nothing.  War or threat of war could do something but that is just not an option at time.

    So with China – what do we do?  Scold them some more.  Stop their imports?  Sure, prices will skyrocket hurting the poor and disadvantged in the US and China will ask for the trillions back that they lent us for the ARRA.

    Thoughts –

  • #30830

    Andrew A.
    Member

    Well we seem to buy into the idea of “liberating” Iraqis and Afghans from “tyranny” pretty easily.

    What about tariffs?  Or even simple diplomacy?

    Perhaps you are right, (hypocritically) clucking our tongues may have to be enough.  8)

  • #30831

    Ryan
    Keymaster

    I think diplomatic means would work differently on China than Iran, the dynamics are different. The Iranian regime thinks “standing up to” the US strengthens its position. China knows its economy relies on the US and the rest of the Western world.

    Also, tariffs on at least the illegally subsidized anti-competitive products would not be out of line.

    China is now not in a position to dump US bonds. They simply hold too many. Sure, they could greatly hurt us by dumping bonds but they would greatly hurt themselves by doing so. They have made such significant investments in these bonds that they would lose billions of dollars if they started dumping the bonds as the value of the bonds they would still hold would greatly drop in value and they simply hold too much to dump them all at once before values would be affected.

    As for where these bonds come from, the amount that came from ARRA (which the CBO estimates created 1.4 to 3.3 million jobs and kept the unemployment rate from climbing to a disastrous 12+ percent) pales in comparison to the amount that came from our Iraq adventure and tax cuts that did little to nothing to stimulate the economy or create jobs.

  • #30832

    ed
    Participant

    All very good points.

  • #30833

    Andrew A.
    Member

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