Quote Originally Posted by Irving View Post

Fastman, China directly controls the value of its currency, keeping it purposely low so the price of their goods are lower than the free market would usually allow. If we try to manufacture here, China can just readjust the value of their currency so their products will be the cheapest in the markets again. Now we will have factories that have over produced goods that we can't sell. Free market competition is ideal, but dealing with China isn't a free market when they control the value of their currency.
On top of that, they subsidize some of the product they export. All the more reason to give our guys a hand via the consumption tax I explained. It won't fix the problem completely, but it will help, with China, and every other low wage paying country. The rest we can make up for with tariffs and such. Look for Romney to perhaps do some of that. He's been talking about it.

The competitive help to American businesses is not the only benefit of the consumption tax. Don't forget the benefit I explained about getting all Americans invested in and concerned about Federal fiscal responsibility. Many will balk at the idea, because they're currently not contributing little to the benefits they receive from federal spending and don't want to wreck a good thing, but if we don't change that we're doomed.