tag:blogger.com,1999:blog-6616959642391988608.post4212415113892743027..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Romney is wrong about ChinaScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-6616959642391988608.post-55687185726476991702011-10-14T07:55:13.734-07:002011-10-14T07:55:13.734-07:00Scott-I agree with your free trade and tax analysi...Scott-I agree with your free trade and tax analysis. Re: the GOP primary, Romney is not a conservative and will not get the Tea Party vote in the primary (lukewarm in the general). Perry and Bachmann are not ready for prime time, Newt is an internationalist who has no moral compass and is distrusted by the Tea Party, and Huntsman, Santorum, & Johnson have no base of support. Paul has only djakelhttps://www.blogger.com/profile/06247798800719389756noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51258051085737059602011-10-13T11:05:07.377-07:002011-10-13T11:05:07.377-07:00On the media turning on Romney
Its not like the g...On the media turning on Romney<br /><br />Its not like the guy is popular with the media right now! It's not so much they don't love Romney, but they hated Perry -- as did the GOP's beltway bunch.<br /><br />Just look at David Frum's attack on Perry (Bachmann, I', afraid, was always a loon -- crazy talk)Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47994245132297670882011-10-13T10:43:26.822-07:002011-10-13T10:43:26.822-07:00Squire: yes, I think a decent number of Democrats...Squire: yes, I think a decent number of Democrats will stay home this time and not vote, hopefully equal to the number of Republicans who stayed home last time in 2008 -- a not insignificant number. My guess is they will stay home no matter who the GOP nominee is, b/c the level of discontent is extraordinarily high among many liberal groups. <br /><br />Not a voter suppression thing, though, bJon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25022091275825317172011-10-13T10:16:34.250-07:002011-10-13T10:16:34.250-07:00If the U.S. quit having deficits then China would ...If the U.S. quit having deficits then China would have too many dollars and nowhere to put them. They would have to increase the value of their yuan in an attempt to reduce the inflow of dollars they can’t place. That would be better than being blamed for a trade war.<br /><br />I China is only exercising their monteary perogatives I would argue the U.S. should do the same for the benefit of Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55364722993437063962011-10-13T08:17:09.724-07:002011-10-13T08:17:09.724-07:00Re China's "unfree" currency. Peggin...Re China's "unfree" currency. Pegging one's currency is a perfectly legitimate monetary policy, and China has been doing that for some 18 years. There is no reason to think the economy hasn't fully adjusted to the level of the yuan, and thus there is no reason to thing that the yuan is "too strong" or "too weak." If anything, given the ongoing revaluationScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86981624887268449602011-10-13T07:20:51.316-07:002011-10-13T07:20:51.316-07:00Squire: don't kid yourself. The media, prote...Squire: don't kid yourself. The media, protecting Romney now by trying to destroy Perry as they did their best to destroy Bachmann, will turn on a dime if he gets the nomination and pursue him as viciously or more as they did in 2008 to their former GOP sweetheart, McCain. And only a small percentage of Democrats will be tempted by Romney or any other 'moderate' GOP candidate. <brJon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36374889932055518192011-10-13T07:01:21.399-07:002011-10-13T07:01:21.399-07:00By not seeming too much to the right, a Republican...By not seeming too much to the right, a Republican candidate will engage Democrat voter suppression.<br /><br />Democrats come out in force when they are pursuaded there is an evil Bush conservative who will destroy the world thru war, polution, and discrimination against transgendered people.<br /><br />If Romney becomes president I will immediate join forces to push him to the right.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17228400412174595002011-10-13T06:50:40.417-07:002011-10-13T06:50:40.417-07:00Hans says Mitt isn't fit & the USA needs t...Hans says Mitt isn't fit & the USA needs to move to the right.<br /><br />Great, then nominate someone who can't beat Obama.<br /><br />I for one am hopeful that Romney is a slick politician as he hasn't won over enough of the independents yet to de-elect the mainstream media choice Obama.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7712268142121190512011-10-13T05:46:20.803-07:002011-10-13T05:46:20.803-07:00For once I completely agree with Mr. Grannis.
@Vb...For once I completely agree with Mr. Grannis.<br /><br />@Vbounded: your argument is based on two 18th century economic writers. why not include Maltus while you are at it. Also neither Smith or Ricardo made empirical test (BTW neither considered themselves economist).<br /><br />Now, where Mr. Grannis makes an error is that in most free trade analysis there is the concept of compensating the Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35911576642572000352011-10-13T05:39:55.254-07:002011-10-13T05:39:55.254-07:00I agree with Scott's analysis on China, and hi...I agree with Scott's analysis on China, and his criticism of Romney's pandering as well. This cap gains proposal is a perfect example of why he can't get above 25% among likely GOP voters. We've had three flavors of the month now seriously challege or overtake Mitt precisely b/c GOP voters instinctively know that he has no authentic core and will take part in any deal as long asJon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20650704945341725122011-10-13T05:35:39.102-07:002011-10-13T05:35:39.102-07:00" . . . . sound economic theory, that says th..." . . . . sound economic theory, that says that free trade is an unmitigated good . . . "<br /><br />If free trade is an unmitigated good why are you defending an unfree (and undervalued) Chinese currency?<br /><br />The trade in currencies should also be free. The Chinese currency should float.Ed Rhttps://www.blogger.com/profile/17720176132423294274noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16537103513331612842011-10-13T02:48:34.593-07:002011-10-13T02:48:34.593-07:00"Romney's great weakness as a leader is t..."Romney's great weakness as a leader is that he is a slick politician who crafts a message that he thinks people like to hear. "<br /><br /> Romney is a politician but Rick Perry is slick as they come and on top<br />of that not too bright....broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18205116770652284062011-10-12T20:48:34.018-07:002011-10-12T20:48:34.018-07:00Mit, is not fit to be president, as this nation MU...Mit, is not fit to be president, as this nation MUST move to the right and do so for many, many years to come..<br /><br />He and his family are GOP political insiders and I would add he is a Rockefeller Repuco something the party nor the nation can afford to have.. <br /><br />But if you like candidates who flip flop on issues, he is your man..Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8968919662977497082011-10-12T18:47:33.005-07:002011-10-12T18:47:33.005-07:00I think he's playing to the base for primary v...I think he's playing to the base for primary votes. He's already said he doesn't want a trade war with China.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84116976774592841702011-10-12T18:16:38.466-07:002011-10-12T18:16:38.466-07:00SDH: Thanks for your thoughtful comment. But you s...SDH: Thanks for your thoughtful comment. But you seem to be assuming that when China sells us something they are doing it in an artificial manner and perhaps with sinister long-term goals. Suppose, however, that the yuan is allowed to float, and China removes all capital controls, and yet the yuan continues to trade around recent levels. No one could then argue that China is artificially Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58701130299271037402011-10-12T18:09:50.773-07:002011-10-12T18:09:50.773-07:00Scott - love your blog. On China I agree with som...Scott - love your blog. On China I agree with some of your points but I think some of the comparisons are too shallow. For example the hairstyling and cancer pill - I get the point, but every situation is not the same. How about this analogy - China offers to sell us all of our military hardware for half the price that we can make it. Sounds great... Until a few decades pass, we fundamentallySDHhttps://www.blogger.com/profile/01681474314097558883noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78803462742035344402011-10-12T16:58:31.133-07:002011-10-12T16:58:31.133-07:00Supposing you're right about the effects of cu...Supposing you're right about the effects of currency and subsidies (even though it ignores the fact that China subsidizes until they control the market, e.g., rare earths), but what about the theft of intellectual property, including military and industrial espionage? Your focus only on the economics of our bilateral relationship ignores the reality: China leeches off the U.S. They will PerformanceSpeaksForItselfhttps://www.blogger.com/profile/02710385857829942329noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3158092923641052912011-10-12T16:56:27.067-07:002011-10-12T16:56:27.067-07:00This comment has been removed by the author.PerformanceSpeaksForItselfhttps://www.blogger.com/profile/02710385857829942329noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21219595581159542792011-10-12T16:04:33.219-07:002011-10-12T16:04:33.219-07:00I am surprised to hear Scott Grannis criticize low...I am surprised to hear Scott Grannis criticize lower capital gains taxes for anybody, including middle class people. <br /><br />I like the idea--give people a stake in the system, a feeling they too can profit by investing. <br /><br />On China, I don't know. The real world conforms to no theories, it just is what it is. Mercantile nations, supported by pro-business governments and Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61941073474115229612011-10-12T15:13:39.014-07:002011-10-12T15:13:39.014-07:00There is one flaw with your argument. China cannib...There is one flaw with your argument. China cannibalizes not only sales that would have been made by people in the USA, but also by other countries, which is not accounted for in the data.John Short ad sinorazumhttps://www.blogger.com/profile/06294518362102475267noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65560185216239209262011-10-12T13:43:50.477-07:002011-10-12T13:43:50.477-07:00There is tremendous amount of wealth disparity in ...There is tremendous amount of wealth disparity in the society because of deregulation and we're asking for more deregulation: this makes no sense to me. Although it makes sense to think like that if I'm the top 1%.<br /><br />May I remind you that the wealth that was generated over the last decade was done on the backs of middle class getting into more debt?<br /><br />It should also be elegantstrokehttps://www.blogger.com/profile/03516602011273896993noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4617138398555673692011-10-12T13:06:25.983-07:002011-10-12T13:06:25.983-07:00mcgrannis: "For those who disagree, let me f...mcgrannis: "For those who disagree, let me first say there is a huge body of research, backed by sound economic theory, that says that free trade is an unmitigated good: no exceptions."<br /><br />This is not accurate. Adam Smith, David Ricardo, and other right-leaning economists advocated retaliatory tarriffs against mercantilists because they realized that one-sided trade deals withAnonymousnoreply@blogger.com