The Politricks of Outsourcing: 1.4 Million Jobs POOF!

[KissMy]

Lost jobs are due to the lack of enforcement of trade policy through the WTO.

House Approves Trade Sanctions Bill but Obama Hedges on Chinese Currency Manipulation

On September 29, 2010 the House approved a trade sanctions bill targeted at China for their grossly undervalued currency by an overwhelming majority. In such a time where bipartisanship is rare it is prudent to ask why this bill garnered abundant support from both sides of the political aisle.

Then President Bill Clinton claimed that the agreement allowing China into the WTO, which was negotiated during his administration, "creates a win-win result for both countries". He argued that exports to China "now support hundreds of thousands of American jobs" and that "these figures can grow substantially with the new access to the Chinese market the WTO agreement creates". Others in the White House, such as Kenneth Liberthal, the special advisor to the president and senior director for Asia affairs at the National Security Council, echoed Clinton's assessments.

[ame="http://www.youtube.com/watch?v=K1tHV_fztR4&feature=related"]Al Gore Pushing NAFTA[/ame]

U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

The Treasury Department delayed a much-anticipated decision on whether to label China as a currency manipulator until after the U.S. congressional elections on November 2 and a Group of 20 leaders summit in South Korea on November 11.

Washington and the European Union accuse China -- set to become the world's second-largest economy after the United States this year -- of keeping the yuan artificially low to boost exports, undermining jobs and competitiveness in Western economies.

The decision to delay the Treasury's semi-annual currency report reflects a desire by the Obama administration to pursue diplomacy to resolve the dispute with China rather than provoke a confrontation that could potentially lead to a trade war and affect long-term interest rates. In July, China held $847 billion in U.S. government debt.

Obama refuses to label China as a currency manipulator even after a bipartisan Congress voted to do it.

So tell me again which party is sending jobs out of this country.

 

[rdean]

Lost jobs are due to the lack of enforcement of trade policy through the WTO.

House Approves Trade Sanctions Bill but Obama Hedges on Chinese Currency Manipulation

On September 29, 2010 the House approved a trade sanctions bill targeted at China for their grossly undervalued currency by an overwhelming majority. In such a time where bipartisanship is rare it is prudent to ask why this bill garnered abundant support from both sides of the political aisle.

Then President Bill Clinton claimed that the agreement allowing China into the WTO, which was negotiated during his administration, "creates a win-win result for both countries". He argued that exports to China "now support hundreds of thousands of American jobs" and that "these figures can grow substantially with the new access to the Chinese market the WTO agreement creates". Others in the White House, such as Kenneth Liberthal, the special advisor to the president and senior director for Asia affairs at the National Security Council, echoed Clinton's assessments.

[ame="http://www.youtube.com/watch?v=K1tHV_fztR4&feature=related"]Al Gore Pushing NAFTA[/ame]

U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

The Treasury Department delayed a much-anticipated decision on whether to label China as a currency manipulator until after the U.S. congressional elections on November 2 and a Group of 20 leaders summit in South Korea on November 11.

Washington and the European Union accuse China -- set to become the world's second-largest economy after the United States this year -- of keeping the yuan artificially low to boost exports, undermining jobs and competitiveness in Western economies.

The decision to delay the Treasury's semi-annual currency report reflects a desire by the Obama administration to pursue diplomacy to resolve the dispute with China rather than provoke a confrontation that could potentially lead to a trade war and affect long-term interest rates. In July, China held $847 billion in U.S. government debt.

Obama refuses to label China as a currency manipulator even after a bipartisan Congress voted to do it.

So tell me again which party is sending jobs out of this country.

So let me get this straight. Obama is attempting to pursue diplomacy with the Chinese because direct confrontation will bring down the world economy so it's Obama that's sending jobs overseas?

And the Republicans who sent millions of jobs to China from 2001 to 2008 and put in place policies that would send millions more, but it's Obama's fault?

How does the right wing get to screw everything up and then blame others? All those years they had both houses and the presidency and they spent the entire time undermining America's middle class, but it's Obama's fault for not fixing it? Even though Republicans stand in the way of fixing anything?

The logic here astounds me.

 

[Charles_Main]

Lost jobs are due to the lack of enforcement of trade policy through the WTO.

House Approves Trade Sanctions Bill but Obama Hedges on Chinese Currency Manipulation


Then President Bill Clinton claimed that the agreement allowing China into the WTO, which was negotiated during his administration, "creates a win-win result for both countries". He argued that exports to China "now support hundreds of thousands of American jobs" and that "these figures can grow substantially with the new access to the Chinese market the WTO agreement creates". Others in the White House, such as Kenneth Liberthal, the special advisor to the president and senior director for Asia affairs at the National Security Council, echoed Clinton's assessments.

Al Gore Pushing NAFTA

U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

The Treasury Department delayed a much-anticipated decision on whether to label China as a currency manipulator until after the U.S. congressional elections on November 2 and a Group of 20 leaders summit in South Korea on November 11.

Washington and the European Union accuse China -- set to become the world's second-largest economy after the United States this year -- of keeping the yuan artificially low to boost exports, undermining jobs and competitiveness in Western economies.

The decision to delay the Treasury's semi-annual currency report reflects a desire by the Obama administration to pursue diplomacy to resolve the dispute with China rather than provoke a confrontation that could potentially lead to a trade war and affect long-term interest rates. In July, China held $847 billion in U.S. government debt.

Obama refuses to label China as a currency manipulator even after a bipartisan Congress voted to do it.

So tell me again which party is sending jobs out of this country.

So let me get this straight. Obama is attempting to pursue diplomacy with the Chinese because direct confrontation will bring down the world economy so it's Obama that's sending jobs overseas?

Nope, But Obama and the Democrats polices and blind support for out of control union contracts does lead to Millions of Jobs going over seas. Not that I expect such an extreme partisan such as yourself to ever acknowledge that.

probably Well more than 1.4 million over the years too.