Yet, he and his family contribute to the rape by having their crappy stuff made there. Ivanka can you hear me?
I’m confused. Is THIS the “I’ll be so presidential you’ll get bored” segment of the campaign? But maybe that imbecile Halperin can spin it into more evidence that trump wins California.
“I’m not angry at anybody,” …“I’m angry at our leaders”
What a dumbass
Republicans are obsessed with rape and having things shoved down their throats. You’d think they’d spent time in prison.
“We can’t continue to allow China to rape our country, and that’s what they’re doing,” Trump said in Fort Wayne, Indiana. "It’s the greatest theft in the history of the world…
“I mean, China’s great. No problem. I’m not angry with China,” he continued.
John Judis will assure that what he really means here is that there won’t be any trade war with China. Sound economic sense hidden behind a little bluster.
We probably shouldn’t let any Chinese people into the country for awhile. Just a moratorium mind you. Until we figure out what is going on, because something is going on. I don’t know what it is, but they hate us, and they hate our way of life. Sure, some of them are good, but some of them aren’t. And we’re doing nothing, nothing at all, to screen or vet them. Nothing I tell you!!! Our leaders are dumb, so dumb.
I am afraid Trump is a true politician. Like all politicians he is a mirror of his supporters. Trump is betting that more than half of the electorate are dumb as bricks. Sadly I am not sure that isn’t a safe bet.
nothing to see here… move along… move along…
oh yeah… she shouldn’t’ve worn that short skirt or had that second drink or have been pounding on the bedroom door at 1:00AM…
Okay, Chris Wallace at FOX News Channel (wholly owned by FOX Entertainment), here is your cue – at your next sit-down with Donald Trump, quiz him about his own businesses’ dealings with China and Mexico. Ask him when he will be bringing those jobs home to America – and paying livable wages. Come on, American “news” media, do your jobs, won’t you!!!
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.” – H. L. Mencken
Often paraphrased as
“No one ever went broke underestimating the intelligence of the American public.”
Rocks and sacks of hammers are more interesting if cornered at a party.
Fat chance
Again with the rape. A fetish is emerging.
Once again Trump uses fear to appeal to people’s base instincts instead of trying to promote greater understanding of the issues – on China’s status and the role and nature of trade agreements.
With all the misgivings in mind, I am in favor of the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP) because I feel they represent an opportunity for us, and I believe we have the leverage to shape the challenge of globalism to our benefit and to the benefit of workers in the partner nations.
And when speaking of leverage, let’s remember what happened in the aftermath of the 2008 financial collapse, which devastated economies globally. The US, pursuing a fiscal policy of economic stimulus and an accommodative monetary policy, has managed to weather the storm better than any other developed economy, and today has recovered from the crisis better and any other developed economy and has created more private sector jobs than all other developed economies combined.
In contrast, the European Union responded to the financial and economic collapse by cutting government spending and pursuing other austerity policies – to their detriment, as the European economies are still coping with high unemployment and struggling to emerge from recession.
China, which in recent decades rose to economic superpower status through a model featuring cheap labor and credit, foreign investment, and cheap exports, turned inward and resorted to stimulative measures involving large-scale land development projects. However, as we’ve seen the past two years, China’s meteoric growth has slowed down from its previous era of double-digit annual growth, and since last year’s near-meltdown of its stock markets, and the current turbulence of its bond market, we are witnessing the Chinese government’s uncertain attempts to contain this crisis and to stem an ongoing capital flight estimated at $300 billion the past six months which has investors leery.
As a result of the progress the US has made in comparison to other nations, and amid concerns about how China is managing its markets, today the US is the prime destination for foreign capital and investment.
Consider that China is not included in the TPP or the TTIP. Recently China’s stratospheric growth rate has been slowing down (and so has foreign investment), and Chinese leadership – hoping to address rising debt levels and some issues within its finance system, and pivot from an investment- and export-based economy to one more aligned with domestic consumer spending (which might include wage hikes and even more-protectionist policies and which will most assuredly raise the cost of doing business there for foreign partners) – has recently announced that it will pursue policies that will sacrifice short-term growth in favor of more sustainable long-term stability.
As Bloomberg News recently put it, “The unprecedented boom in China’s $3 trillion corporate bond market is starting to unravel.
"Spooked by a fresh wave of defaults at state-owned enterprises, investors in China’s yuan-denominated company notes have driven up yields for nine of the past 10 days and triggered the biggest selloff in onshore junk debt since 2014. Local issuers have canceled 61.9 billion yuan ($9.6 billion) of bond sales in April alone, and Standard & Poor’s is cutting its assessment of Chinese firms at a pace unseen since 2003.
While bond yields in China are still well below historical averages, a sustained increase in borrowing costs could threaten an economy that’s more reliant on cheap credit than ever before. The numbers suggest more pain ahead: Listed firms’ ability to service their debt has dropped to the lowest since at least 1992, while analysts are cutting profit forecasts for Shanghai Composite Index companies by the most since the global financial crisis.
“The spreading of credit risks is only at its early stage in China,” said Qiu Xinhong, a Shenzhen-based money manager at First State Cinda Fund Management Co. “Many people have turned bearish.”
And because of the relative lack of transparency in the Chinese bond and stock markets, the confidence of foreign investors is not likely to be assuaged by the efforts of the Chinese government to normalize its financial sector and affect an economic rebound.
Critics of trade deals point to the unrealized promises made by proponents of NAFTA. Indeed, NAFTA was flawed in not adequately addressing concerns about labor rights or environmental protection. The TTP agreement and the TTIP agreement will address both of these concerns, with enforceable standards for worker and consumer rights and workplace and environmental protections that are typically not championed by the free trade advocates and have not been enforced in past agreements.
China is not a party to the TPP or TTIP, so this trade agreement represents part of President Obama’s strategic “pivot” to Asia, which also includes new defense exercises with Japan and the Philipines and also with NATO. Perhaps if this agreement is firmed up we and our trading partners can prevail upon China to address their violations of agreements they made when made a party to the WTO. In addition, with these two trade agreements we can form a trade and strategic bloc that upholds worker rights and environmental protections while undercutting China’s influence and putting pressure on them to raise their standards.
Politically, the fates of these deals is uncertain, with most Congressional Democrats on record as opposed. And concerns about impact on workers might be relieved through a major jobs program, which could be enacted under the Trade Adjustment Authority passed in conjunction with the Trade Promotion Authority bill last year which gave the White House “fast-track” authority to conclude negotiations with member nations and present an agreement to Congress for an up-or-down vote but without the possibility of making amendments.
And with a Republican-led Congress, there seems to be little chance of a massive appropriation needed to fund a massive jobs bill. The only possibility at present might involve a creative approach to tax reform that involves trillions of dollars in expatriated funds held by the foreign divisions of American multinationals.
So, besides an attempt to expand trade relations with a fast-growing region, and strategically re-engage nations that might otherwise fall into China’s sphere of influence, it might also be an attempt to institutionalize worker and human rights and environmental protections by offering favorable trade conditions to nations that uphold these values – which could also reduce the incentives to outsource American jobs to developing nations.
Through these trade initiatives, President Obama appears be working on proposals intended to promote opportunities for expanded overseas trade that wean multi-national firms from reliance on cheap labor and China’s now-shrinking expansionist window and “globalize” worker and human rights and environmental protections.
If we can leverage our negotiating assets of a major market, a dynamic and growing economy – the world’s largest – a vast security umbrella, and a strong and stable currency that serves as the basis of much of the world’s trade to convince the decision makers in the other 11 nations to join us and agree to establish a floor of enforceable international labor and environmental standards that lessen the incentives for American firms to outsource while reducing trade barriers to American exports, in exchange for terms that are similarly favorable to our partners, this could be a mutually beneficial win-win.
The entire global economy is in the doldrums, and much of the world is looking for American leadership. And, since our economy is on an upswing, with growth outpacing other advanced nations, and with much of the developed world experiencing declining growth rates at best or scrambling to avoid another recession, we have an opportunity – and the leverage – to execute an advantageous trade agreement, champion American interests, and uphold – and export – American values.
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If America didn’t want to get raped by China they shouldn’t have gone to their boozy party.
Excellent post!!
So you’re going to jump all over the US corporations that are pushing for it and paying off the politicians that let them?
Dumpster if China is raping the US, we are then, including you, are co conspirators. Besides trade policies we encourage corporations to use China for supply by purchasing goods made in China even when locally made are cheaper/cost the same and are usually better quality. We as consumers accept the bill of goods stores such as Walmart have sold us on cheaper goods. It is cheaper to purchase a product that is worn out and replaced in one year vs the same from another firm that last 2 years and only cost 25% more.
We as consumers allow service firms to use Chinese products when building our homes for example. I specifically mentioned a home as I have direct experience having built a home in 2014 and am about to complete another this spring. When I asked suppliers for bids, I insisted on US or Canadian manufactured products and preference going to as local as possible. I had some bidders refuse to bid. I had another send a letter from their lawyers demanding to be allowed to source as they pleased. As I said co conspirators.