Do you think that China’s currency manipulation is so inconsequential that we should continue the Bush and the Obama “no stick” replies to their repeated currency provocations?
I understand that getting tough with China is not good news for USA retailers that make millions off of selling artificially cheap Chinese knockoffs. Nevertheless, for people like myself who put the well-being of the nation as a whole above the profit margins of multinational corporations, the loss of millions of American jobs outweighs the profit margins for corporations that have no particular loyalty to our own nation.
Paul Ryan thinks of America as an “idea.” For Paul Ryan, “America” is as much the entrepreneur in China taking advantage of his government’s currency manipulation as it is the entrepreneur in Detroit taking advantage of whatever benefit he may get from being in the USA. For Paul Ryan, the USA should do nothing that might restrict the flow of labor and of commerce because restricting the economy anywhere is restricting “the Idea of America,” even if that means we who actually live in the USA should suffer from the unfair practices of other nations that, unlike Paul Ryan’s “America,” look out for themselves first and foremost. Bush, Clinton, Goldman Sachs, the WSJ are all “Paul Ryans” when they insist on a “no stick” response to manipulators like China, lest God forbid we wield a “stick” that subtracts from the profit margins of a multinational.
By contrast, we on the Trump Train (Choo Choo) actually think of America as a “nation.” We want a leader that cares about our national bottom line, not just Goldman Sachs’ or GE’s bottom line. No one in their right mind wants Smoot-Hawley. We just want China to float their currency and are willing to impose pain on them as needed to get them to back down.
If we are willing to go to war over Chinese provocation in the South China Sea, then by what logic should we continue to do nothing serious about Chinese provocation in trade? Unless of course we put the profit margins of multinationals above our own national interest.