Romneys job plan

[jonesg088]

Sensata, freeport illinois google it.

[jonesg088]

http://en.wikipedia.org/wiki/Plutocracy you may want to read this also

[jlanesey]

Baaaah

[corny]

While many of us can look at outfits like Bain and call them names and talk about how they are selling out america......

The truth is that they are making a profit for their shareholders and thats what really matters. They are a business and their first goal must be to make a profit..... to keep the company going and to satisfy the shareholders.

Id say each and every one of us who has some money invested have some financial chinese vulture capitalist outsourcing related skeletons in our closet.

[chaard]

Sensata worker Joanne Pennison summed the issue very simply when Ed asked Joanne what she would ask Mitt Romney, “Why is he going around telling the nation that he’s going to stand up to China, when a company he helped create and he still profits off of is sending my job to China?”

Hmmm.

[Tool-Slinger]

Hmmm.

http://www.usnews.com/news/blogs/ric...se-investments

Obama and rommney both have chineese investments.

[chaard]

http://www.usnews.com/news/blogs/ric...se-investments

Obama and rommney both have chineese investments.

I'm not opposed to investments in China. Like the report said its nearly impossible to not invest in a company that doesn't have an investment in China.

What I find troubling is that Bain decided to close a plant at this time and ship jobs overseas. Just weeks before the election.
Either someone at Bain is a moron or they are wanting Obama to get re-elected.

It brings into question how Romney plans to stand up to China.

https://www.youtube.com/watch?v=8EUS-Qh2XOY&feature=youtube_gdata_player

https://www.youtube.com/watch?v=oe_64UzVn7E&feature=youtube_gdata_player

[ga-hvac-tech]

As usual, the details are where the meat of a discussion is:

China intentionally keeps its currency value low (they manipulate the currency markets), to have a competitive advantage in pricing over most of the rest of the world. What Romney wants to do (and I agree) is to force China to 'float' their currency (float means allow the free market system to determine the value of the currency). Take away the deceitfully manipulated low currency exchange rate China enjoys... and some products will be cheaper to make in the USA...

Personally, I have wondered for a couple of years why BHO has not done this? Anyone know why BHO has not gotten tough on China??? maybe because BHO is not as American as he wants folks to think?

Back on currency markets; Just imagine... the free markets WILL work, if we only make everyone play by the same rules. How does the USA do this? Simple; figure out how much advantage China has from their lowered currency, and charge a tariff on imported goods from China around that same %. Problem is... this means things we buy that come from China... will cost more (regardless of whether they come from China or are made in the USA). What will happen is price inflation... which will lead to wage inflation... which will lead to stagflation... which will lead to higher interest rates to cool off the economy... which will be another recession.

Regardless of who is in the WH or for that matter who is in control of Congress... this scenario of price inflation, wage inflation, stagflation, higher interest rates, and another recession... WILL happen.

Oh, one more thing... higher interest rates will hit housing HARD... so there will be another housing crunch. Lots of time yet to buy rentals or to buy your dream house in foreclosure.

[corny]

I'm not opposed to investments in China. Like the report said its nearly impossible to not invest in a company that doesn't have an investment in China.

What I find troubling is that Bain decided to close a plant at this time and ship jobs overseas. Just weeks before the election.
Either someone at Bain is a moron or they are wanting Obama to get re-elected.

It brings into question how Romney plans to stand up to China.

Sounds like a Cain decision to me and not a Bain decision....... wonder if Hermo is working for Bain now.....

[RoBoTeq]

I see we have another extreme leftest on the site to annoy us with rhetorical jibberish.

[printer2]

As usual, the details are where the meat of a discussion is:

China intentionally keeps its currency value low (they manipulate the currency markets), to have a competitive advantage in pricing over most of the rest of the world. What Romney wants to do (and I agree) is to force China to 'float' their currency (float means allow the free market system to determine the value of the currency). Take away the deceitfully manipulated low currency exchange rate China enjoys... and some products will be cheaper to make in the USA...

Personally, I have wondered for a couple of years why BHO has not done this? Anyone know why BHO has not gotten tough on China??? maybe because BHO is not as American as he wants folks to think?

Back on currency markets; Just imagine... the free markets WILL work, if we only make everyone play by the same rules. How does the USA do this? Simple; figure out how much advantage China has from their lowered currency, and charge a tariff on imported goods from China around that same %. Problem is... this means things we buy that come from China... will cost more (regardless of whether they come from China or are made in the USA). What will happen is price inflation... which will lead to wage inflation... which will lead to stagflation... which will lead to higher interest rates to cool off the economy... which will be another recession.

Regardless of who is in the WH or for that matter who is in control of Congress... this scenario of price inflation, wage inflation, stagflation, higher interest rates, and another recession... WILL happen.

Oh, one more thing... higher interest rates will hit housing HARD... so there will be another housing crunch. Lots of time yet to buy rentals or to buy your dream house in foreclosure.

Why has Obama not got tough on China? Same reason Romney will not. You owe them a ton of money and you know how they say the piper gets to call the tune. You are already chipping away at the difference by printing more, doubt China is happy about getting paid back in devalued dollars.

So you answered your question, getting tough on the currency issue will cause inflation and another recession. Which President will want to hang that on his wall of achievements? Might even be called not very American of him.


Any way that you cut it restructuring the American economy is needed to get the country healthy again. And that will hurt a lot of people along with making others rich.

[RoBoTeq]

China owes the U.S. as much money as we owe China, so there is no real moral rationale for our letting China keep stacking the deck when it comes to trade. Eventually, either China or the U.S. will get fed up with the other and all hell will break loose. So be prepared, Canadians. When the U.S. catches cold, everyone else will start sneezing.

[chaard]

Since we are the subject of China. Have you read this?

http://abcnews.go.com/m/story?id=17485209