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China Trade Issues
underlie Local Business Problems
Dr. Charles & Rebecca Reier
Had local business leaders been listening to CNBC Worldwide Exchange
between 4:00 and 4:20 am this morning, they would have heard an
extensive discussion of the problem of making free trade FAIR TRADE
with China. They have missed the prime cause of their business
frustrations and a weak economy. They blame partisan issues for the
problems they face that are related directly to our two trillion dollar
plus trade imbalance with China. This job destroying practice of Unfair
Trade has destroyed our economy and magnified our budget deficits.
In their complaints, they are like a group of doctors that treat your
fever, aches, pains and headache but fail to recognize your acute
appendicitis. In a recent Advocate article on November 2, 2012, not one
of the other entrepreneurs mentioned this issue. Unemployed workers run
up the cost of government, healthcare, and social services. Unemployed
people continue to live and consume and go to hospitals. The cost of
that consumption must be absorbed by those that are employed, including
small businesses like my own. Most of the unemployed are not government
freeloaders. They would line up for the jobs that we sent to Chinese
workers. Indeed, losing jobs to China is a big small business headache.
If socially responsible work rules are the cause of small business
problems, Germany would be the world’s most colossal economic failure.
Indeed German Chancellor Angela Merkle (leader of the Christian
Democratic Party) works to lead the EU and the world toward economic
prosperity. There is no evidence of a Tea Party in the successfully
capitalistic Germany.
Charles E. Reier MD
Rebecca A. Reier CEO, Med-Econ Inc.
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