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Question by grandma zaza: Won’t it be great if Obama is able to get Russian into the WTO and we begin open trade with them?
I mean, look how well it worked out for Clinton. Gee, since Clinton pushed for China’s entry into the WTO our trade deficit with them has only increased to about $ 200billion. And what’s 6 million manufacturing jobs that we have lost to China since that time. Ahh, that nothing!
I mean, I see no problem with yet another corrupt government entering the WTO. And I am sure that they will not do what China has done with our agreement because they probably manufacture toilet paper too. Joe said the reset worked. We can finally trust Russia, after all these decades!! Obama is so amazing!! A true miracle worker!
I’m feeling all fuzzy and warm already. How about you?
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“Biden said the White House rejects what he called a tired theory that Russian and U.S. values and interest are competing for influence over our politics.
He noted achievements like the ratification of the strategic arms treaty, or START, and the ability to deal with Iran and North Korean threats as markers.
The vice president also noted he and President Obama will tell “anyone willing to listen” that Russia being a part of the World Trade Organization (WTO) is critical component to America’s trade agenda.
“It’s better for America and I believe better for Russia to be able to trade with each other under predictable and transparent rules,” Biden said.
Biden had a message of investment and merging economic ties that will help not only the U.S. and Russia, but also the global economy.”
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Hmm…….that last paragraph sounds very familar.
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DAVOS, Switzerland (CNNfn) – President Clinton pledged Saturday to continue his push to open up new trade markets, calling such policies the only way to ensure the world’s poorest nations will share in the rising global wealth.
http://money.cnn.com/2000/01/29/economy/davos_clinton/
http://politics.blogs.foxnews.com/2011/03/10/vice-president-biden-says-reset-russians-working-says-relationship-improved-bush
http://www.manufacturingnews.com/news/10/0615/WTO.html
“We’re like a whipping post for other countries. We are standing there and just being beaten by South Korea, by Mexico, by China, by India. Most Americans have absolutely no idea how lopsided many of our “trade agreements” actually are. Other nations openly manipulate their currencies in order to keep their exports dirt cheap and we allow it. Other nations openly subsidize their domestic industries that are directly competing with businesses in the United States and we don’t complain. Other nations make it incredibly difficult for American companies to do business in their countries while we allow foreign corporations to come on in and do pretty much whatever they want here. Then there are certain nations (such as China) that brazenly rip off trade secrets from foreign corporations time after time after time and never get penalized for it.”
Best answer:
Answer by Tyler
Russia is not China
What do you think? Answer below!
We already have enough Caviar & Vodka. What can Russia provide that we either don’t need or already have enough of? Your post makes it sound like that Obama’s potential ability would be exhausted by negotiating discount tickets at Disney World for his kids as being an achievement.
Thought it was Nixon who started the whole China thing?
Yes. And it would make the americans feel more secure.
I really don’t get your point. We don’t have a trade deficit and lost jobs to China because they’re corrupt, we have that deficit because of our choices. If we had wanted to, we wouldn’t have engaged them so thoroughly. And that’s not because China’s corrupt. Are you saying that a county like India is corrupt as well? Or Japan? They own a tremendous amount of our debt. India has almost as many of our outsourced jobs as China, and they’ve been in the WTO for a tremendous amount of time. What makes China so special, exactly?
Your point is extremely strange. How would Russia add to the problem simply by joining the WTO? No one has to trade with them. No one in the WTO is forced to trade with anyone else. I could list a litany of reasons why dozens of countries that have been in the WTO for as long as we have are also corrupt, but you probably have to problems with them being here. Why is adding Russia to the list a problem?
Edit: You’re not getting my point. My point is that the problems you’re citing (you know, the ones where they own a lot of our debt and where they’re “taking our jobs”) those aren’t the result of corruption. You’re right, they do a lot of dishonest stuff, and they do rip off foreign company trade secrets. Know who else does that? India often invalidates patents in some of its companies. Brazil has threatened to do so time and again. Thailand is the same. I could keep listing country after country after country that has blatantly ripped off of businesses, and even manipulated their currency. Yet your target is China and Russia. The only reason you think it’s a problem is because you think that we have no recourse against this. Well, know what pharmaceutical companies have done about countries like India, Brazil and Thailand? They’ve threatened to remove themselves from their countries, and to discontinue marketing there. We have recourse. The fact that that kind of method hasn’t been used against China and Russia is the companies’ problem, not theirs. It’s also the U.S.’s problem that our government has created so much debt that China has been hoarding it. It’s not because they’re corrupt that they have that debt, it’s because we’ve created it and someone had to hold it. Please, try responding to my actual argument, because you’re missing it.
I would feel better if he could get Detroit trading with Gary Indianna again.
Free trade is usually a good thing; it leads to the most efficient arrangement of production. However, that means that the inefficient industries are going to lose jobs–as was the case with China. These pains are the cost of efficiency, but it’s only worth doing if you’re also creating new jobs.
If people can leave inefficient industries and go into more efficient ones, then it’s a good idea to reduce barriers to trade. If people will leave the industry and then be stuck in unemployment (as happens very often in developing countries, but can also happen in the US if the economic climate is bad), it’s a bad idea.