Hate to quote Huckabee, but ...
If we end up with the (tax) rebates, we’re going to borrow the $150 billion from China. And when we turn it into rebates, most people are going to go out and buy some consumables like a pair of shoes that they probably don’t even need, but they’re going to buy them, and they’re most likely an import from China. My point is, whose economy are we stimulating when we do that?via Will.
On first glance, I agreed with the quote above, but then I thought a bit harder and I believe it’s still the US Economy being stimulated. US Consumers don’t buy from Chinese retailers, they buy from American retailers who still get the profits, despite using Chinese manufacturing.
Stimulating our economy doesn’t have to be at the expense of the Chinese Economy.
9 months ago