Trade Imbalance
My Chinese friend made this comment about the trade imbalance between the USA and China, an imbalance in which Americans want Chinese to buy more from products made in America.
My friend says, “The difference is, China sells little things, and America wants to sell big things.” You know, China sells pencils, tote bags, and things that are easily marketable to lots of people. Americans want to sell Boeing 747’s.
Hmm, something to think about.
And the Exchange Rate
On a slightly different subject,if the USA government succeeds in getting the Chinese government to change the exchange rate, as is in the news these days, it will hurt my pocketbook. When Obama and the media tell you the current exchange system hurts America, just know it doesn't hurt all Americans. As with most things, any change will just hurt the little guys and benefit big businesses who pay big money to lobby Congress. The fat cats will get fatter.
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