Saturday, November 06, 2010

Bloomberg: Stop Blaming The Chinese, America - Gothamist

Bloomberg: Stop Blaming The Chinese, America - Gothamist

“I think in America, we’ve got to stop blaming the Chinese and blaming everybody else and take a look at ourselves...There’s a country on the other side of the world that is taking their taxpayers’ dollars, and trying to sell subsidized things so we can buy them cheaper, and have better products, and we’re going to criticize that?"

He continued the tirade against his home country, accusing America of favoring uneducated and unworldly politicians. “If you look at the U.S., you look at who we’re electing to Congress, to the Senate—they can’t read,” he said. “I’ll bet you a bunch of these people don’t have passports. We’re about to start a trade war with China if we’re not careful here, only because nobody knows where China is.

He really doesn't see a problem with American workers competing with slave labor in China. He really doesn't see how this could harm the economy if our workers have to compete with low wage labor, and we end up losing our jobs and our industry. BTW, most Americans don't have passports, and if we have to race to the bottom with Chinese wage slaves we never will. Should they lose their right to vote and be assumed illiterate? This is the view of America's center-right political elites however, including Obama, and most of his administration.

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