[firstgenaddict]

I am not in favor of all the globalization unless it is done on equal footing. China's currency manipulation is BS plain and simple... when they finally let their currency float to market they are in for a whole lot of financial pain... just look at Japan during the late 90's.
Just think they peg their currency to the dollar. (well it floats 3% now) If I were a country let's just call me the Republic of First Gen. I could issue my currency... Fgen's.
Peg it to the dollar... and print as much as I want with out having to worry about the amount of currency in the market... I could buy new state of the art equipment with my money because the manufacturers of the equipment could trade the Fgen's for Dollars or whatever.
Now that I have new machinery, plants and slave labor I can produce everything cheaper than everyone else.
This is China's situation... very few legal hurdles to jump tthrough and very little regualtion in order to build manufacturing plants be it Papermills, Foundry's, etc.

They also do not run to demand they run as much as they can possibly produce...They have done it in my industry (the paper business) They come to our market with their product and price it under the current rates. They get as many orders as they can at the price and then when they can not sell any more at that price they DROP the price and sell to everyone who will buy at the next price and then they DROP it again. They flood the market with product and drive out the competetion... when they no longer have any competition we are in for a world of $h!t because then they will have market leverage and be ableto set their own pricing... that is what they are after... drive out the competition then hold us hostage for everything that we need to run our country.
We have let them become a manufacturing powerhouse, because like someone said "we don't want to get dirty any longer."
WELL maufacturing builds wealth... when we no longer have enough manufacturing in the US to be self sufficient then we will be beholden to the Chinese for our goods, that will be a sad state of affairs... they will then have the upper hand, if they don't already.
What needs to happen is say alright... the real value of your currency is 20% lower (or whatever it may be) than what you let it fluctuate to. So we are going to add a 20% tarrif to all of your goods coming into the US.
Now the people of the US are going to whine... and WAL MART is going to RAISE HELL!!!
Mark my words it will come to this... we need to bite the bullet and nip this in the bud while we still have manufacturing left in the US!
A good way to begin to equal the imbalance with out imposing tarrifs is to do away with corporate and personal income taxes. Go to a national sales tax... that way anything that is sold in the US is taxed at the same rate... thus everyone doing business in the US is paying taxes, that would begin to level the playing field..

We also need to encourage capital investment in our manufacturing base. Do away with the red tape and insane regulations...
To build a new papermill in the US it takes 10 years worth of Environmental studies and 100 million dollars before you turn the first shovel of dirt.
We are no longer competitive and it is because we don't want to be...