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Chinese currency manipulation

Paul Ryan And His Multinationals Vs The Trump Train

in Culture/Economics/Politics by

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,”…

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