Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

2 Bumps

Why are we upset with China

Washington is all up in arms about the way China is manipulating their dollar but that's just what we are doing with this Qe2 .We are devaluing our dollar just as we accuse them of. Rather hypcritical isn't it?

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 6:46 PM on Nov. 11, 2010 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (6)
  • I'm going to HEDGE and say maybe it has something to do with George Soros having recently opened an office in HONG KONG!! What could possibly go wrong?! (sarcasm)
    LoriKeet

    Answer by LoriKeet at 9:07 PM on Nov. 11, 2010

  • You are right in a way, in the sense that there is nothing illegal in what China is doing. Devaluation of the US $ may help the US trade deficit but may also result in competitive devaluations by other countries , which happened during the 1930s recession damaging the international trade and payments system and leading to more protectionism. . This of course is contrary to the present gospel of free trade..
    janet116

    Answer by janet116 at 1:59 AM on Nov. 12, 2010

  • It's absolutely hypocritical. Let's hope other countries don't follow our lead.
    SweetLuci

    Answer by SweetLuci at 10:18 AM on Nov. 12, 2010

  • Maybe people should start by thinking about what they buy and where it is manufactured- WE cause so many of our own problems by our short-sightedness and impulsive decision making.

    Sisteract

    Answer by Sisteract at 11:20 AM on Nov. 12, 2010

  • AS LONG AS WE DONT GO TO WAR WITH CHINA WE ARE A-O-K!
    THANKGOD4MOMS

    Answer by THANKGOD4MOMS at 4:52 AM on Nov. 13, 2010

  • AS LONG AS WE DONT GO TO WAR WITH CHINA WE ARE A-O-K!
    THANKGOD4MOMS

    Answer by THANKGOD4MOMS at 4:53 AM on Nov. 13, 2010

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN