Obamination: U.S.-China Trade Deficit Now Largest In World History...

paulitician

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Oct 7, 2011
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'Hope & Change' is cool huh?


Chinese Vice President Xi Jinping is meeting U.S. President Barack Obama in the White House on Feb 14, Valentine’s Day. Their talks are likely to turn on Tibet and trade. But China’s veep isn’t expected to deliver a box of chocolates to the American president. China’s enormous trade advantage, now the largest nation-on-nation trade deficit in the history of the world, has put it in the enviable negotiating position of being able to say “bu” — that is, “no” — to most American demands.

The U.S trade deficit with China today is 28 times larger than it was during the Reagan era, according to new figures released by the U.S. Census Bureau. That daunting deficit has grown by 18 percent per year since China first entered the World Trade Organization in 2001.

Census figures now show $103.8 billion in U.S. exports to China during 2011, and $399.3 million in imports, a stunning $295.5 billion difference.

America’s political, policy and business leaders aren’t doing much to address the shocking statistics that suggest a real erosion of America’s once-strong manufacturing and technological advantage. Terrorists tore down the twin towers in lower Manhattan a little over a decade ago, the symbols of American economic dominance of the world. Now the Chinese are providing the glass for the exterior of the new world trade center.



Read more: US China Trade Deficit | Largest In World History | The Daily Caller
 
Big deal...I have the same "trade deficit" with the grocery store.

America has had the same types of trade deficits, albeit not as large, with Japan, Indonesia, Hong Kong and Taiwan....How have those nations, and America for that matter, fared as being our trading partners?
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.

Yeah, and remember when the Clintons were busted several times for the Chinese funding their Campaigns? And remember when Obama named GE CEO Jeffrey Immelt as his "Jobs Czar?' A douche bag who has Outsourced Thousands & Thousands of American Jobs over the years? And remember when you Democrats used to rant & rave about how awful the Chinese were? And remember when you guys stopped ranting & raving about the Chinese as soon as your guy became President? Ahh, probably not. Go figure?
 
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Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.
Pure populist bullshit.

Like agriculture, American manufacturing has become highly mechanized....More is produced with less manpower.

The days of putting the same nut on the same bolt for 30 years, after which you get the gold watch and paid to not work, are over...Deal with it.
 
The U.S trade deficit with China today is 28 times larger than it was during the Reagan era, according to new figures released by the U.S. Census Bureau. That daunting deficit has grown by 18 percent per year since China first entered the World Trade Organization in 2001.

Census figures now show $103.8 billion in U.S. exports to China during 2011, and $399.3 million in imports, a stunning $295.5 billion difference.

Pauli has clearly never heard of inflation. If he had, he would know that the trade deficit with China has hit many an "all-time high" because that's what happens over time with inflation. This is why it's better to compare it to GDP and use that number. But of course, Pauli doesn't want to do that. Why?

tradedeficitasgdp.jpg

2011 Annual Trade Deficit 3.7% of U.S. GDP, China Goods 2% | The Economic Populist

Because then he would have to admit that we've actually been in worse situations.
 
The U.S trade deficit with China today is 28 times larger than it was during the Reagan era, according to new figures released by the U.S. Census Bureau. That daunting deficit has grown by 18 percent per year since China first entered the World Trade Organization in 2001.

Census figures now show $103.8 billion in U.S. exports to China during 2011, and $399.3 million in imports, a stunning $295.5 billion difference.

Pauli has clearly never heard of inflation. If he had, he would know that the trade deficit with China has hit many an "all-time high" because that's what happens over time with inflation. This is why it's better to compare it to GDP and use that number. But of course, Pauli doesn't want to do that. Why?

tradedeficitasgdp.jpg

2011 Annual Trade Deficit 3.7% of U.S. GDP, China Goods 2% | The Economic Populist

Because then he would have to admit that we've actually been in worse situations.

Nah, it's called 'Hope & Change.' :(
 
The U.S trade deficit with China today is 28 times larger than it was during the Reagan era, according to new figures released by the U.S. Census Bureau. That daunting deficit has grown by 18 percent per year since China first entered the World Trade Organization in 2001.

Census figures now show $103.8 billion in U.S. exports to China during 2011, and $399.3 million in imports, a stunning $295.5 billion difference.

Pauli has clearly never heard of inflation. If he had, he would know that the trade deficit with China has hit many an "all-time high" because that's what happens over time with inflation. This is why it's better to compare it to GDP and use that number. But of course, Pauli doesn't want to do that. Why?

tradedeficitasgdp.jpg

2011 Annual Trade Deficit 3.7% of U.S. GDP, China Goods 2% | The Economic Populist

Because then he would have to admit that we've actually been in worse situations.

Nah, it's called 'Hope & Change.' :(

Typical Pauli response.
 
Pauli has clearly never heard of inflation. If he had, he would know that the trade deficit with China has hit many an "all-time high" because that's what happens over time with inflation. This is why it's better to compare it to GDP and use that number. But of course, Pauli doesn't want to do that. Why?

tradedeficitasgdp.jpg

2011 Annual Trade Deficit 3.7% of U.S. GDP, China Goods 2% | The Economic Populist

Because then he would have to admit that we've actually been in worse situations.

Nah, it's called 'Hope & Change.' :(

Typical Pauli response.

Yes, a massive Trade Deficit with China is now 'good' according to you Obama-Bots. We get it. :cuckoo:
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.

Yeah, and remember when the Clintons were busted several times for the Chinese funding their Campaigns? And remember when Obama named GE CEO Jeffrey Immelt as his "Jobs Czar?' A douche bag who has Outsourced Thousands & Thousands of American Jobs over the years? And remember when you Democrats used to rant & rave about how awful the Chinese were? And remember when you guys stopped ranting & raving about the Chinese as soon as your guy became President? Ahh, probably not. Go figure?

I get it, you think I am a partisan democrat, Clinton sucked balls in the trade agreement department and was very much a free trade neo-con, so what? How does that in any way refute what I said about us being on the shitty end of 30-40 years of bad trade policy?
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.

Yeah, and remember when the Clintons were busted several times for the Chinese funding their Campaigns? And remember when Obama named GE CEO Jeffrey Immelt as his "Jobs Czar?' A douche bag who has Outsourced Thousands & Thousands of American Jobs over the years? And remember when you Democrats used to rant & rave about how awful the Chinese were? And remember when you guys stopped ranting & raving about the Chinese as soon as your guy became President? Ahh, probably not. Go figure?

I get it, you think I am a partisan democrat, Clinton sucked balls in the trade agreement department and was very much a free trade neo-con, so what? How does that in any way refute what I said about us being on the shitty end of 30-40 years of bad trade policy?


If you're dreaming of American workers barely finishing high school and getting paid $100,000/yr to stitch together sneakers, you'd better pour yourself a good, strong cup of coffee.
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.

Yeah, and remember when the Clintons were busted several times for the Chinese funding their Campaigns?
....When it was.....


Yeah......I remember......

handjob.gif
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.



Why is it that there is nothing that Obama has ever done that is wrong, inadequate or stupid?

Every problem was already there, could never be solved or is is just a condition of nature. Has it ever occurred to you that he should be trying to make things better?

If he had only done everything the same as Bush, we would still be out of Iraq, winding down Afghanistan, coming out of e recession and not have spent that extra 4 TRILLION DOLLARS.

If we have to have a failed Presidency, couldn't we at least get it at bargain basement pricing?
 
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Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.



Why is it that there is nothing that Obama has ever done that is wrong, inadequate or stupid?

Every problem was already there, could never be solved or is is just a condition of nature. Has it ever occurred to you that he should be trying to make things better?

If he had only done everything the same as Bush, we would still be out of Iraq, winding down Afghanistan, coming out of e recession and not have spent that extra 4 TRILLION DOLLARS.

If we have to have a failed Presidency, couldn't we at least get it at bargain basement pricing?

Obama-Bots. Don't bother trying to reason with them. That's a real exercise in futility. It is what it is.
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.



Why is it that there is nothing that Obama has ever done that is wrong, inadequate or stupid?

Every problem was already there, could never be solved or is is just a condition of nature. Has it ever occurred to you that he should be trying to make things better?

If he had only done everything the same as Bush, we would still be out of Iraq, winding down Afghanistan, coming out of e recession and not have spent that extra 4 TRILLION DOLLARS.

If we have to have a failed Presidency, couldn't we at least get it at bargain basement pricing?
Now, that's the question of the year. :lol:
 
Our manufacturing base has been eroding for decades. Anyone remember when any effort to stem the tide was greeted by cries of "protectionism is wrong/destructive/evil/communism"? The "free trade" neo-cons wanted our workers to compete directly with Chinese workers to drive down wages and break the unions, what we have now is the result. Blame it on Obama? What a laugh, our manufacturing base was decimated before he even entered politics.



Why is it that there is nothing that Obama has ever done that is wrong, inadequate or stupid?

Every problem was already there, could never be solved or is is just a condition of nature. Has it ever occurred to you that he should be trying to make things better?

If he had only done everything the same as Bush, we would still be out of Iraq, winding down Afghanistan, coming out of e recession and not have spent that extra 4 TRILLION DOLLARS.

If we have to have a failed Presidency, couldn't we at least get it at bargain basement pricing?

Is there anything you cannot blame on him? Jeeze, all I said was he was not entirely responsible and that our trade policies have been undercutting our workers for a long time and all the sudden I am an Obamabot. Anyone who thinks we would be on easy street right now with any president of any party is just lying to themselves.
 
I agree with the OP. President Obama has bought all the toys, electronics, clothes, dishes, appliances and bedding that Walmart, Target, Costco, Sears, Best Buy, Amazon et al have sold this year.

Priceless.
 

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