How much will taxpayers shoulder?

[Zenda]

Reading through that report, it doesn't seem to offer much in the way of support for your arguments. Would you care to point out where it is, exactly, that the Treasury Department appears to be agreeing with you?

Regarding China's socalled unfair monetairy manipulations:

Page 3

Treasury has not found that any major trading partner of the United States met the standards identified in Section 3004 of the Act during the reporting period, January 2008 – June 2008.

The Act states, inter alia, that: “The Secretary of the Treasury shall analyze on an annual basis the exchange rate policies of foreign countries, in consultation with the International Monetary Fund, and consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.”

In other words, the US Treasury Department sees no reason to accuse China of gaining unfair advantages.


Regarding US (lack of) productivity:

Page 10

2006 2007 2008(Q1) 2008(Q2)
1036.6 1162.5 320.0 339.4 Total Exports
1853.9 1957.0 524.8 550.6 Total Imports

In other words, US citizens consume roughly $800 billion more as they produce, every year. Having the desire and ability to consume is one thing, but who is going to pay for it? Not the Chinese, ofcourse, although you and Kandrathe seem to think they have that obligation.