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Bush's Speech On The Whitehouse Lawn V China Today

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"They need to stop saving and need to consume more and need to let US firms into their country to trade" Yes I'm paraphrasing but that was the general thrust of his speech :blink:

They can't really point a huge gun at the Chinese though, given the treasury bonds they hold they could effectively bankrupt the US, can't strangle off oil supplies, they're stuffed basically, non? Yes they've tried it on with the poisoned dog food scam etc. but the west is addicted to the P.R.'s cheap goods, can't reverse engineer a new manufacturing base in the US, closest solution is cheaper labour in new E.U. states, anyone care to discuss?

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"They need to stop saving and need to consume more and need to let US firms into their country to trade" Yes I'm paraphrasing but that was the general thrust of his speech :blink:

They can't really point a huge gun at the Chinese though, given the treasury bonds they hold they could effectively bankrupt the US, can't strangle off oil supplies, they're stuffed basically, non? Yes they've tried it on with the poisoned dog food scam etc. but the west is addicted to the P.R.'s cheap goods, can't reverse engineer a new manufacturing base in the US, closest solution is cheaper labour in new E.U. states, anyone care to discuss?

I saw this, Bush came across as more pathetic than usual. He was basically pleading with the Chinese to stop saving and start consuming like a true God fearing american. In this day of increasing environmental problems I thought it quite shocking that this puppet leader was asking 20% of the World's population to increase consumption just to maintain the privileged lifestyle his people have become used to.

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anyone care to discuss?

To answer the title of the thread (on leverage), in theory America should have some leverage as China's largest customer. But in truth as you say they're addicted to cheap imports, so they don't have the willpower to make demands as a customer - instead they have the negotiating power of an addict asking a dealer if he'd like to renegotiate terms.

But as was discussed on another thread, if a groundswell of consumer irritation at Chinese imports continues to be fuelled by the media to the point where the consumers go cold-turkey, maybe they'll have a platform from which to negotiate.

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Aye.

Question in my mind is:

Stunning strategy by the Chinese

Horrendous strategy by the West

Serendipity for the Chinese

Or mixture of all of the above?

Can our so-called leaders really have manouvered us into this position on purpose? It beggars belief really.

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I saw this, Bush came across as more pathetic than usual. He was basically pleading with the Chinese to stop saving and start consuming like a true God fearing american. In this day of increasing environmental problems I thought it quite shocking that this puppet leader was asking 20% of the World's population to increase consumption just to maintain the privileged lifestyle his people have become used to.

I like dubya but this pathetic. The Asian countries have a sensible attitude where they don't want to live life in debt but instead spend what they can easily afford and save the rest.

The US and now, sadly, us with 18% of the world's debt live life like there's no tomorrow running up debts to the Asian money lenders without a thought as to how it will be paid back.

Having realised that this is a problem (good) Bush is saying that the fault lies with the sensible people who are saving and living within their means.

Er, no. It was a 50:50 choice, Try Again.

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I saw this, Bush came across as more pathetic than usual. He was basically pleading with the Chinese to stop saving and start consuming like a true God fearing american. In this day of increasing environmental problems I thought it quite shocking that this puppet leader was asking 20% of the World's population to increase consumption just to maintain the privileged lifestyle his people have become used to.

It was quite bizarre wasn't it? Other than fumbled pr campaigns not sure what they (US administration) can do.

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To answer the title of the thread (on leverage), in theory America should have some leverage as China's largest customer. But in truth as you say they're addicted to cheap imports, so they don't have the willpower to make demands as a customer - instead they have the negotiating power of an addict asking a dealer if he'd like to renegotiate terms.

But as was discussed on another thread, if a groundswell of consumer irritation at Chinese imports continues to be fuelled by the media to the point where the consumers go cold-turkey, maybe they'll have a platform from which to negotiate.

strange thing is that the US and the UK need these imports to maintain jobs at the current levels. Strangle off Chinese imports and the UK supermarkets and other retailers would probably have to lay off a 100,000 workers. Then there's the haulage jobs, docks...it really was akin to watching a 13 year old pleading for more pocket money. His admission that the Chinese had to help the US with its trade defecit was truly stomach churning :huh: What's left "we're not paying you back", "er OK, let's dump your bonds, makes no odds to us" :blink:

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strange thing is that the US and the UK need these imports to maintain jobs at the current levels. Strangle off Chinese imports and the UK supermarkets and other retailers would probably have to lay off a 100,000 workers. Then there's the haulage jobs, docks...it really was akin to watching a 13 year old pleading for more pocket money. His admission that the Chinese had to help the US with its trade defecit was truly stomach churning :huh: What's left "we're not paying you back", "er OK, let's dump your bonds, makes no odds to us" :blink:

That's what happens when you make your "special relationship" allies pay to keep Europe out of Nazi hands and what happens when you hobble the African nations with debt. It's called Karma. And what if America doesn't pay back? Who's going to make them?

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That's what happens when you make your "special relationship" allies pay to keep Europe out of Nazi hands and what happens when you hobble the African nations with debt. It's called Karma. And what if America doesn't pay back? Who's going to make them?

China could always get a CCJ against them, that would mess up their credit rating. Wouldn't want to be the bailiff whos job it was to repossess all those goods though. :lol:

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I like Dubya too. But in the same way as I like Laurel and Hardy.

If only they'd been left in charge of the worlds most powerful army. Stan would be stuck up a ladder, Oliver would have a bucket of water on his head, and we wouldn't be in f*cking Iraq.

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There is an almost endearing (and dangerous) childlike naivete about Bush.

On Iraq - "if we go into the country, take over, disband their army and give them democracy then of course they'll be nice to each other, love us and tie daisies in our hair."

On China - "c'mon guys, play fair. Don't spoil things for us, we're the good guys. We want our toys back. Please. Pretty please."

China in return - "OK, but then we will want our toys back."

Bush goes to bed without any supper.

Edited by Starcrossed

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All GW-Bush needs is another false flag attack on his own people and everyone will be saying what a good job he is doing as supreme commanda, Same happened with Hitter.

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