Sunday, April 4, 2010

Let's Talk about China for a minute

Is anybody else becoming concerned about China's ability to bully the US? The most recent example involves the intentional under-valuing of Chinese currency against the dollar. The CNN article is here -

http://www.cnn.com/2010/WORLD/asiapcf/04/04/us.china.treasury/index.html


Over the past few years the US has been subjected to toxic toys tainted with all kinds of carcinogenic substances, drywall made from sulfur, toxic dog food, tainted pharmaceuticals, etc. Does anyone really believe that they didn’t know that the toys had lead paint or that their drugs were not made according to the FDA standards? The Chinese believe that they can spoon feed us crap and we will just eat it. We don’t even call them out on it. This president just meekly sits by and lets them continue to do us from behind. Obama sure has changed the view of the US in the eyes of the world. Now apparently we will take whatever crap is laid before us and eat it happily. I hope by November enough people come to realize the disaster that this administration represents and move to retake the congress.

This latest affront involves a concerted effort by the Chinese Central Bank to undervalue the Chinese currency. The real effect of this move is to hamper any recovery by the US economy and cost us jobs. A free market economy REQUIRES a currency that also is market driven. This is economic warfare. The Chinese are pumping our country full of toxic products and attacking our economy. When do we wake up and defend ourselves?

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