Category Archives: China

A-Jad Has A Question

Iranian President Mahmoud Ahmadinejad (or A-Jad) has a question for the presidential candidates, if Candy Crawly (or the next bobblehead) will allow it. Asks A-Jad:

“How long can a government with a $16 trillion foreign debt remain a world power?”… “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.”
…“An empire, or a government, remains in power so long as the people under its power support it, but today the Americans have acted in a way that the world nations do not like them at all, and therefore, their international legitimacy is annihilated.”

More important than “international legitimacy,” for which Obama has not stopped striving: Both candidates have told the biggest foreign owner of U.S. Treasury bonds to go to hell. Where will the US be without America’s largest creditor, China?

The Perils of Presidential ‘Yellow Peril’ Fever

BAB's A List, Business, Capitalism, China, Democrats, Republicans, Trade

The quote is from the current column, “The Perils of Presidential ‘Yellow Peril’ Fever,” now on WND:

“In the course of the second presidential debate, Mitt Romney was asked to differentiate himself from the justifiably despised George Bush. The Republican presidential contender, who has surrounded himself with neoconservative heavy hitters—and has called Dick Cheney a ‘person of wisdom and judgment’—listed a number of inconsequential distinctions.

Left off was a distinction that reflects favorably on Bush. Like Mr. Obama, George W. Bush did not ‘label China a currency manipulator,’ something Romney has promised to do on his first day in office. This dubious distinction, if anything, belongs to ‘the Clinton administration,’ also the only administration to ever so do.

Labeling China a currency manipulator, to quote Mr. Romney, ‘would allow me as president to be able to put in place, if necessary, tariffs where I believe that they are taking unfair advantage of our manufacturers.’

The same executive-branch omnipotence allowed Barack Obama to go all-out on matters menstrual. Judging by the questions culled by moderator Candy Crawly, America’s female lobby wants a sugar daddy in the White House. Such sentiments, with their attendant wish lists, are easily gratified, given the plenary powers of the presidency.

Yes, feelings are Barack Obama’s forte; facts not so much. The president, poor man, is up a stream without a paddle. Obama is working with all he’s got. It’s hard to blame him for his inability to explain the inexplicable.

And it is this. On the topic of the imagined perils of the ‘Yellow Peril,’ here’s what escaped Obama, who was as eager to impress voters with his me-too Sinophobia …

… Ultimately … Both the president and the incumbent flout freedom and flirt with fascism when they threaten to come between Americans and their cheap, Chinese, consumer goods. …”

The complete column, now on WND, is “The Perils of Presidential ‘Yellow Peril’ Fever.” Read it.

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Protectionist USA

Business, China, Foreign Policy, Free Markets, Labor, Paleolibertarianism, Private Property, Trade

If you’re in the market for “cheap rooftop solar panels,” you might have to reconsider. The Commerce Department has slapped “tariffs ranging from about 34 to nearly 47 percent on most solar panels imported from” China.

Tariffs, quotas, anti-dumping penalties, or any other trade barrier, force the American consumer to subsidize less efficient local industries, making him the poorer for it. Hundreds of industries—“the burgeoning business of installing cheap rooftop solar panels,” for example—are destined to shrink or go under in order to keep local, politically efficient industries in the lap of luxury.

This is not in the interest of the American consumer and it violates his freedom of contract and association.

The meddlers in Commerce had “determined that Chinese companies were benefiting from unfair government subsidies and were selling their products in the United States below the cost of production, a practice known as dumping.”

Dumping is good for American consumers. Antidumping penalties are typically imposed by the West on poorer nations to stop them from selling their wares bellow market prices. Such protectionist policies are detrimental to less- developed and Third-World countries, which gain advantage through the use of one of the only resources they have, their labor.

The US flouts freedom when it meddles in the affairs of the Chinese and the US consumer. The latter loves cheap Chinese products.

Romney: So Nice, So Wrong

Business, China, Democrats, Foreign Policy, Iran, Neoconservatism, Republicans, Trade

MSNBC was my first port of call, right after Mitt Romney completed his address to the 2012 Republican Convention. Romney’s sworn enemies would be the best gauges as to how well the speech resonated.

The cobra head at MSNBC—Rachel Maddow, Al Sharpton, Lawrence O’Donnell, Ed Schultz—all were remarkably mild in their reactions. Other than the hissing Chris Matthews, these people were partial to the man and his message.

O’Donnell: ‘It was an effective presentation’
Chuck Todd: ‘optimistic nostalgia’
Ed Schultz: a ‘pitch to women’
HuffPo: “Solid.” “Competent.” “Workmanlike.”
Chris Matthews, aka The Snake, was the only one to rightly condemn Romney’s “jingoistic language about war,” as “bad for the country.”

AND FOR THE WORLD!

Tomorrow these pundits will have returned to their default position. But, for now, they seemed to have finally seen that, while Romney’s political positions are horrid, he’s a lovely man. As incongruous as this may seem, it is nevertheless true.

I’ve seen enough of life to know a lovely man when I see one. Ann Romney, herself a delightful lady, is a lucky woman. Romney is a great provider, fabulously devoted to family and church, consistently generous and charitable to all those around him, and brilliant in all endeavors, academic and other.

Unlike those of Obama, Romney’s university transcripts will stand scrutiny.

Sadly, Romney is wrong on almost all issues of policy.

WRONG on China.
WRONG on Foreign policy.
WRONG on Iran.
WRONG on Russia.

So wrong about so much, yet such a lovely man. (And I did cheer, “Bain, Baby,” when he talked up free enterprise.)

“Repeal-and-replace statism” is what the Ryan-Romney ticket is about.