Their are foreign countries, like China, who own several trillion dollars worth of U.S. Government bonds. Do u realize what would happen to Our economy if "they" chose to cash those bonds in?

Actually, the Chinese are not taking advantage on anything. It is the CEO and corporations in the US that are taking advantage of everybody. Cheap Chinese labor, poor quality product, lack of environmental laws in China, and of course making as much money as they can off the backs of the average Joe while caring not one cent about how these products affect this Joe.

Great! Let's impose one hundred percent levies on Chinese tires and while we are at it, tax their textiles and toys and watch them rescind their contracts to buy 65 Boeing 737, 44 Boeing787 and 35 Boeing 777. Let's make Airbus happy. And when GM's licensing to produce and sell Buicks in China, one of the best selling cars there, comes up for renewal in 2010 Volkswagen may take its place. That will make Germany happy. And when the contract for the multi-billion dollar World Trade Center in Shanghai is awarded in February, American companies may be bypassed in favor or Odebrecht, the Brazilian conglomerate. Yes, let's foment trade wars!

IT IS NOT THE WAGES YOU MORON!! Tax for business in US is 35% tax in other countries are 11%

You people are so ignorant! It is not the Chinese that put the US in a bad position! IT IS US POLICIES AND THESE UNIONS!

But there's one problem with that plan. Ross Perot already proposed this back when NAFTA was in play during the early 90's with Al Gore and Clinton. They didn't want any part of it then, and really they don't want any part of it now. At least not yet. U.S. coroporations are behind China's position now, having sent everything over there to begin with. So, don't blame China. They were used just as American workers were used. American coroporations decide how much they will pay for their products, and to what quality standards they'll accept. That is all detemined by the maximum price they set for what they will pay Chinese slave manufacturers for the product right off of the assembly lines via distributers. So, mad because your Chinese made tires, water hoses, appliances, etc..etc don't last like the former American made ones used to? It's planned, so that the U.S. corporation who sells it to you can force you to buy more often than usual, taking even more money away from you. You can thank that vindictive, self-serving, get rich by getting over mentality we got from our British mother for this attitude in America. NOT CHINA of ANY Asian, African, or Latin America nation used as a modern day plantation at the expense of American jobs. Unions too for over doing it in wage and benefit battles, giving the coroporations the moral upper hand to be able to run away and do this to begin with. Why? Didn't you know? Because the unions became another "Coroporation" in themselves...out for their profits and the wealth of it's management. Also for political influence beyond labor through contributions...charging Union dues on ever higher wages in return for lesser work. They slit their own throats going too far, making themselves and American workers look too greedy, so the spotlight was taken off the Coroporations. Just long enough for they to screw over people in other countries and us.

jon you should write much more. you could not be more correct great answer, and how true.

Truth is, the US companies have many reasons for getting product produced in China. The biggest reason isn't wages, it's taxes, liabillity, Govt Regulations, and copyright laws. Our society has become so litigous that big corporations will sue a small competitor out of business. I know, I'm a small business owner that had to pay 5K dollars simply to open a repair shop because the factories that manufactured the products I repair sued me because I repaired their products. I paid lawyers, I won but the cost was extreme. Funny thing is my competitors make their products in China, I make my products in the USA. I'm glad Obama is bringing back tariffs, I don't see why the democrats got so upset at Bush when he did the same thing for Steel in his first couple of years in office.

Well said Duane...US companies are killing our Country by sending our jobs overseas. If they can make money by paying lower wages, then they should have to pass those savings on to us!

Bob said...
The US should demand that the Chinese workers enjoy the same health care and savings benefits as the American worker. Just one little peep from Obama about the lack of health care in the underdeveloped countries would start a real revolution.

you're an idiot

Since Obama is pushing for universal health care, why not cover every Chinese as well.

Joe, your a moron. Who is going to pay for it. I have talked to people in Canada and they hate it.