You might as well see what you paid for ...
... And in this case, what you paid for is China’s first “homemade” aircraft carrier (and the top-secret military site on which it resides.)
But wait: You don’t remember making that purchase?
That’s okay, you probably didn’t realize what kind of purchase you were making … It was an indirect one, after all. So here's how it shakes out: China’s military buildup has is heavily bankrolled by its trade surplus with the United States, which, you may recall, hit a record in July: $30.1 billion in that month alone.
Almost every time American consumers buy something made in China, those purchases contribute to our trade deficit, which, as mentioned above, indirectly bankrolls China’s military.
But let's get back to the original point. You might as well see what you paid for … and now you can!
As Dan Kedmey reports for Time, two researchers from the Brookings Institution “wrote an analysis of China’s latest covert project, its first homemade aircraft carrier, based on nothing but photos pulled from blogs. With a little Googling, anyone can find them.”
That’s correct: From the comfort of your living room, you can navigate your internet browser to images of China’s not-yet-complete aircraft carrier … the one that our addiction to Chinese imports helpded fund.
I suspect some of you may not be entirely comfortable with the idea of bankrolling China’s military. However, anyone who shops knows it’s very hard to avoid at least some Made in China products.
But there's good news! There are other ways to cut our trade deficit with China. One big way is by stopping China’s practice of currency manipulation, which Beijing uses to subsidize its exports while placing a hidden tax on American goods entering its own market. This has to be done by Congress or the president, but as constituents, you can still make your voice heard.
Send a message to your representative and let them know you’d like them to co-sponsor or support H.R. 1276, a bill that would punish countries that manipulate their currency. And send them a picture of that aircraft carrier! At the rate our trade deficit is grown, China will have it done in no-time.
Related recent Blogs
- What good's a trade agreement if you don't enforce the on-the-books trade rules? • by mmcmullan • 03/11/2014
- A National Manufacturing Strategy could be the "be all, end all" for depressed wages • by LRaup • 03/11/2014
- A Boy Scout badge in advanced manufacturing? • by TGarland • 03/10/2014
- March 10, 2014: Making moves for manufacturing • by mmcmullan • 03/10/2014
- Donald Trump addresses CPAC crowds on key AAM issues • by LRaup • 03/07/2014
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014
- EPI: Address currency manipulation and you address the jobs deficit • by mmcmullan • 03/05/2014