Wednesday, June 27, 2012

China dumping

Saw a Tweet from one of my Senators and had to laugh. He tweeted an article in the DDN about himself co-sponsoring a bill with the other Senator from our great state.

Ever stop and wonder how China is able to "unfairly subsidize imports?"

What do you make of a business model where running in the red is okay?
Standard Oil used to do such things to undercut competition, but with the sole intention of driving the competitor out and to regain market share.
Does China dislike making profit enough to drive prices below production costs to show how evil capitalism is?
Regardless of their intentions, US deficit spending has lead to China owning US debt that returns interest payments that fund its Marxist efforts.
Essentially, by not having a balanced budget, Congress has killed/offshored more jobs in the long run than it created/saved in the short term, right?

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