For the past decade, China has pursued an utterly unscrupulous and incredibly successful strategy in trade with the United States. China has been importing from the United States roughly $50 billion in goods each year, much of it food, raw materials and energy. China has been exporting to the United States roughly $350 billion in goods each year, mostly manufactured goods. And China has been buying roughly $300 billion in U.S. assets each year, mostly U.S. Treasuries. So we buy their stuff, putting their people to work. And they buy our assets, driving us deeper and deeper into debt. America loses -- twice. huffingtonpost/rep-alan-grayson/the-keystone-xl-pipeline-_b_4870103.html
Posted on: Sun, 09 Nov 2014 02:20:43 +0000
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