Politics
Out of context: Reply #16670
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August Trade Deficit $45.6 Billion – a Huge Jobs Killer
http://www.bizcoachinfo.com/op-e…
The failure of both the Bush and Obama Administrations to address subsidized Chinese imports and develop abundant domestic oil and gas resources, and are major barriers to pulling down unemployment to acceptable levels.The economy added only 103,000 jobs in September; whereas, 373,000 jobs must be added each month for the next 36 months to bring unemployment down to 6 percent. With federal and state government cutting payrolls, the private sector must add about 400,000 per month to accomplish this goal.
The China Currency Bill would slap duties on Chinese imports products subsidized by China’s government engineered undervalued currency, raise U.S. production and create jobs in America. If China stopped intervening in currency markets the duties would stop.
Similarly, if the Obama Administration and governors stopped blocking the production of domestic oil and gas, new jobs in construction and building materials industry-such as cement and steel-would open up quickly. The initiative would be better than government stimulus spending, because it would raise revenue rather than require Washington to tax and borrow.
- trading is important, but not outsourcing work that can be done here.74LEO
- I agree********