SKINNER - nope. China buys more American made goods than any country outside N. America. They buy almost as much as the UK and Germany combined, and over 1.5x that of Japan.
Japan actually owns a ton of the US debt. Also, while we get a lot of consumer goods from china they are cheaper versions of what the US can make. Japan at least has original technology we need.
MJ - but China also buys more than twice what Japan does from the US. Not to mention the massive losses of American industry jobs and US firm takeovers by Japanese firms in the 80s. Japanese tourists were routinely laughed at for touring US firms and
K - you are not old enough to remember the fear and anger experienced in the US during the 70s and particularly the 80s directed at the Japanese. They in a very real way decimated the US industry - particularly automotive and electronics - that was
JACK - that's not what I'm saying. Talk to your parents or grandparents about it. Ask what they remember. China is no doubt portrayed as a great threat now. I'm just asking you to question if that's accurately represented.
Show of Hands
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