Study: China trade deficit cost millions of jobs (2001-2007)

[Algorem]

Source: Associated Press

© 2008 The Associated Press
July 30, 2008, 5:33AM



CHARLESTON, W.Va. — A study says China's soaring trade deficit cost Americans 2.3 million jobs and $19.4 billion in lost wages between 2001 and 2007.

The Economic Policy Institute's study was released Wednesday.

California suffered the most losses, with 325,800 fewer jobs. It was followed by Texas at 202,900, New York at 127,000, Illinois at 102,800 and Ohio at 102,700.

Virginia lost 39,500 jobs...



President's uncle shares Bush family ties to China

02/18/2002 - Updated 10:33 PM ET

http://www.usatoday.com/news/washington/2002/02/19/usat-prescott-bush.htm

By Debbie Howlett, USA TODAY

http://images.usatoday.com.nyud.net:8080/news/_photos/2002-02-19-prescott.jpg
AP

Prescott Bush

CHICAGO — When President Bush arrives in Beijing on Thursday, he'll embrace a policy that's something of a family tradition.

Bush's approach centers on promoting U.S.-China economic ties. That's a course favored not only by his father, the first President Bush, but also by his uncle, Prescott Bush Jr., a longtime acquaintance of Chinese President Jiang Zemin.

The Bush family's ties to China go back to 1974, when President Nixon named George Bush ambassador to China. The college-age George W. Bush spent two months in China visiting his parents during his father's two-year stint.

Seven years after his brother left the ambassadorial post, Prescott Bush made his first trip to China. He later joined with Japanese partners in 1988 to build a golf course in Shanghai, the first in China. He met Jiang, who was then the mayor of Shanghai...





Read more: http://www.chron.com/disp/story.mpl/ap/business/5914973.html

[madrchsod]

1. no shit...i`m one of those in illinois

[Phred42]

5. ditto

[SpiralHawk]

2. Nice work, republiconomic 'conservatives'

Republicons have flushed the American economy into the crapper with their idiotic "borrow and spend" profligacy.

SOUND THE MANTRA OF REALITY:

Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.
Borrow and spend republicons.

[Phred42]

4. deleted

[HughBeaumont]

6. I call it "Borrow and Waste" . ..

. . . since spending sometimes implies you'll get a return or a viable result. These guys have done nothing but help themselves with us footing the bill.

[comtec]

3. well...

!!!!!!!DUH!!!!!!!

[David__77]

7. That's the cost of cheap Chinese goods.

There are tradeoffs.