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View Diary: Solyndra: collateral damage in a trade war. (53 comments)

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  •  I've been irked by a comment made by a (3+ / 0-)
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    JeffW, RLMiller, Norm in Chicago

    manufacturer here where I live last spring.

    When the subject of local (town, county) budgets and possibly property tax hikes came up, the owner -- who is a good guy -- told both the town and county electeds at their respective hearings that they should NOT raise local property taxes because "the Chinese are undercutting him on price."

    Now, he was asking for a nano solution to a macro-macro problem. Lowering local property tax does not solve the Chinese currency manipulation issue he's facing.

    And given that so much of the county is farmland, which is taxed at, in essence, pennies per acre, his argument made even less sense.

    Thump! Bang. Whack-boing. It's dub!

    by dadadata on Mon Sep 19, 2011 at 01:27:48 PM PDT

    •  He's being undercut on labor, not taxes (0+ / 0-)

      There is no way to make American industry cheaper without having everyone in America fall into poverty or to watch every bridge rust and collapse.

      The problem is everything from China is so cheap, we cannot compete and hold up our standard of living.

      Either goods from China get more expensive so American industry can compete, or we fall to 3rd world shithole status.  Those are the choices, there aren't any magical unicorn endings where we compete with China without tariffs.

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