Lou Dobbs just reported China's trade surplus is now %500

[justinsb]

bigger than 1 year ago.

[applegrove]

1. He also was laughing at that ex-WH speech writer who was trying to

defend Rove. Lou even used the term 'parsing'. He was having a grand old time.

[justinsb]

2. Yes and he was visibly upset about Miller

I thought he was going to slap Bergen

[applegrove]

3. Gerghin? What is the name...

[justinsb]

4. Sorry Gergen...

http://www.davidgergen.com/

[matt819]

5. I'm no economist

But I can't help but wonder about the impact of Chinese investment in the US - bids to buy Unocal and Maytag - and the funds to buy pretty much what they want.

Heard a report on NPR today about a company in Indiana that builds truck bodies. They were in bankruptcy, it seems (just gotta belive it was Republicans), and a Chinese company bought them out. Now the frames are built in China and the trucks assembled here. Apparently they can do that because they don't have to abide by the same environmental standards and can galvanize their frames to their collective hearts' content. Okay, so what is the long term impact of Chinese investment in the US?

Anyone have a problem with this?

[applegrove]

6. BRIC will have the markets 10 times bigger than the West today.

They simply have the people. Neocons think they can slink around and huge corporate America to rule the world and get control but they cannot. All they are doing is ruining America's role as the leader of the free world.

China's environmental record will allow them the means and ways of outcompetiting with many - but trade relations are important too. China relies on markets of the West right now. Their own markets are not enough to sustain them. So you fight them by taking the high road and pressure them. That means you buy into Kyoto and then you pressure them to follow suit.

[Patty Diana]

7. Japan is bidding to buy Westinghouse, I heard on BBC this AM

they have a clean energy process that Japan wants

[justinsb]

8. The time for that debate is over

Trying to stop, or slow china now would be like stepping in front of a stampede of Elephants and holding up a stop sign. The fastest growing economies in the world are and have been China and India, with nearly 2 billion people between them. China is also building up it's military and will soon rival and then surpass the US in that area. China has recently signed new oil and or trade agreements with Iran, Saudi Arabia and Venezuela - and ties between China and Canada are getting stronger. They already have, esentially in their pocket, most of South East Asia.

The question is no longer what to do about China (that was 5-10 years ago) it's now how to adapt to a world in which China is the preeminent super power.