Friday
Jan302009
Economic stimulus may be bad news for China
Pieter Bottelier, senior adjunct professor of China studies at the Johns Hopkins School of Advanced International studies, speaks on how the U.S. stimulus bill may be bad for China. He says that if the U.S. goes the wrong way, the rest of the world will follow. (00:34)
by University of New Mexico - Talk Radio News
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by University of New Mexico - Talk Radio News
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tagged 
China, Pieter Bottelier, economy, stimulus in Audio, News/Commentary
China, Pieter Bottelier, economy, stimulus in Audio, News/Commentary
Reader Comments (1)
I don't give a fig about China, it's a totalitarian cesspit, and it has been working to undermine our economy, it's guilty of protectionism, yet it accuses the US of doing so.
My concerns about the stimulus package are that it won't work because it does nothing to create or incentivize real job creation. A few temporary jobs won't save our economy, and the infrastructure portion of it is only 17%. Much more is being given to the same Wall St types to double dip from. Four years worth of back taxes. It even gives the Spanish corporation that is buying up contracts to run and profit from our interstate highways, the cash to do the maintenance work, that it was going to pay for on it's own.. that was the only reason states like NJ and Indiana gave for contracting out the roads. That company will profit for 75 years from tolls, without paying anything. What's more, the stimulus has a loophole that will allow that company not to pay one penny of tax on it's profits. All those millions it will make will not be spent in local communities, but will be bled out of the US. That is the bill of goods we're having foisted upon us.
We need the incentive tax breaks, 3 thousand per new job created put back in the stimulus, and lots of them. Long lasting, stable manufacturing jobs are needed. We also need to withdraw completely from NAFTA, CAFTA and MFN with China and impose tariffs until such time that a fair and reasonable trade arrangement can be achieved. If the rest of the world, China included doesn't like it, they can't sell their products here. Citizens of the US are a free people, no matter how much that importunes the fascistic Mr. Bottelier.