Obama Takes On China ?

[Oscar Knight]

finance.yahoo.com/news/obama-takes-china-romney-shifts-strategy-160641106--election.html

One recent line of criticism from Romney appears to have brought a quick response from Obama, with the White House announcing a move to stop Chinese subsidies of its auto industry — four days after Romney launched an advertising campaign accusing the president of allowing American manufacturing jobs to be lost to the Asian power.

The issue hits home among working class voters in manufacturing swing states such as Ohio, where Obama has gained recently in polls and was touting his new action Monday at stops in Cincinnati and Columbus. The White House says more than 850,000 jobs in the state are related to the auto industry.

finance.yahoo.com/news/obama-takes-china-romney-shifts-strategy-160641106--election.html

[Oscar Knight]

Time Line :Clinton to Sign China Trade Bill

October 10, 2000

articles.cnn.com/2000-10-10/politics/clinton.pntr_1_wto-membership-china-global-trade-regime?_s=PM:ALLPOLITICS

Clinton signed a landmark trade agreement with the People's Republic of China. The agreement–the result of more than a decade of negotiations–would lower many trade barriers between the two countries, making it easier to export U.S. products such as automobiles, banking services, and motion pictures. However, the agreement could only take effect if China was accepted into the WTO and was granted permanent "normal trade relations" status by the U.S. Congress. Under the pact, the United States would support China's membership in the WTO. Many Democrats as well as Republicans were reluctant to grant permanent status to China because they were concerned about human rights in the country and the impact of Chinese imports on U.S. industries and jobs. Congress, however, voted in 2000 to grant permanent normal trade relations with China. Several economic studies have since been released that indicate the increase in trade resulting lowered American prices and increased the U.S. GDP by 0.7% throughout the following decade.[77]

en.wikipedia.org/wiki/Presidency_of_Bill_Clinton#Trade

......Two Presidents Later :

Obama Bows To Chinese Communist President

[Oscar Knight]

The Welfare System of China

.......It's still "Evolving" :

www.china.org.cn/english/congress/228715.htm

The Poor Americans

.........Whittle: American Poor Ungrateful :

PJTV’s Bill Whittle with another worthwhile offering. In “Rich Man, Poor Man,” Whittle weighs in against the “poor mongers” and “poor mongering.” Despite the enormous amount of wealth sucked out of the productive, tax-paying class by government, rewarding the less productive, taxpayers are repaid with ingratitude, contempt and demands for more and more and more. -- Gene Arensberg

“Shouldn't we have a parade and celebrate the fact that we have the richest poor people in the world? Not if you are a resentful liberal. … This is the real poverty in America, … dependency and entitlement … entire generations now without any sense of control over their own destiny…” – Bill Whittle

www.gotgoldreport.com/2011/08/whittle-american-poor-ungrateful-.html

[Oscar Knight]

.....More on "The Poor Americans" :

claytonwatchdog.proboards.com/index.cgi?action=display&board=feedback&thread=3629&page=1

[Oscar Knight]

Population Control In China

..........China's One Child Policy :

Jan 26 2012

China has proclaimed that it will continue its one child policy, which limits couples to having one child, through the 2006-2010 five year planning period.

geography.about.com/od/populationgeography/a/onechild.htm

Penalties For Drug-Related Crime In China :

China has harsh penalties for drug offences, including the death penalty.

articles.cnn.com/2009-05-05/world/asia.drug.offence.penalties_1_penalty-soft-drugs-illegal-drugs?_s=PM:WORLD

[Oscar Knight]

......About The U.S. Trade Deficit with China :

How does China keep prices so low? Most economists agree that China's competitive pricing is a result of two factors:

1.A lower standard of living, which allows companies in China to pay lower wages to workers.

2.An exchange rate that is partially set to be always priced lower than the dollar.

How Is China's Standard of Living Measured?:
China's economy is the third largest in the world. In 2010, its Gross Domestic Product (GDP) was $10.9 trillion in goods and services. However, China has more people than any other country. It has to divide this production up among 1.3 trillion residents. In other words, its GDP per capita is $7,600. Imagine trying to live in the United States on only $7,600 a year. No wonder China's leaders are desperately trying to get the economy to grow faster. They remember the Chinese Revolution all too well, and know that the Chinese people won't accept a lower standard of living forever.

useconomy.about.com/od/tradepolicy/p/us-china-trade.htm