Posted on Feb 19, 2016
CSM Charles Hayden
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Posted in these groups: 6262122778 997339a086 z Politics
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CPT Jack Durish
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Here we go again. A few decades ago we suffered the same sort of imbalance with Japan. People worried they were buying America. We then began buying it back at bargain prices when their economy weakened. Thus a lot of dollars returned home
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CPL Randy Bautista
CPL Randy Bautista
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I don't believe the problem is China. We have an abundance of untapped resources. When the red tape can be taken off we will see the largest growth this country has ever seen
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MCPO Roger Collins
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China's GDP is about $10T, ours is about $17T. Considering the size of the population and a problematic economy, we remain the powerhouse. The issue is how the money is spent.
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1LT Aaron Barr
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We obviously don't regret it, however much we say we do, because we've been buying Chinese goods for decades. If we really wanted to fix the trade imbalance, we'd reduce our corporate income, capital gains and dividend tax rates, reform our counterproductive regulatory system so that it doesn't cost our economy nearly $2 TRILLION in wasted compliance costs, adopt a 'loser pays' civil tort system like the rest of the world and make ourselves more competitive.

One last thing; if Chinese people are investing here rather than in China, what does that say about their views of their own economy and ours?
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SSG Gerhard S.
SSG Gerhard S.
9 y
Great point 1LT Aaron Barr !
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