Finance, Forex and Investments

Trade angst with China and India?

It's all about labor, cheap labor. To pit a family of four in the Midwest or any US city, against a worker 12 years old in China or India is unconsciable. Trade restrictions are blamed for causing the Great Depression, and they indeed participated, but trade restrictions are the ONLY way to ensure there is any manufacturing base in the US at all. I am politically moderate to conservative, but I am outraged at this administration's completely turning it's back on the working men and women in this country. The result? Economic explosions in the East, resulting in the soaring of energy prices globally, and the virtual collapse of manufacturing in the United States. The news today barks of congress growing tired of China's currency manipulations. Get smart, America. China is taking care of China. It's time we begin taking care of America. PROMOTE MANUFACTURING HERE! http://biz.yahoo.com/ap/070729/china_us_trade_tensions.html?.v=3

Public Comments

1. Anyone loss is gain of second one. US is the paltform which work 4 underdevelop countries on their path to developness, but this help never comes alone, some limits r also there, dont treat China n India as rivals coz they had their tough time but trying 2 survive 4 their tough time by not harming US but rising in themself.