How much will taxpayers shoulder?

[kandrathe]

"However, the Treasury's conclusion that China is not manipulating its currency 'is hardly a bombshell' given that is what it has found repeatedly, an aide to Senate Finance Committee Chairman Max Baucus, a Montana Democrat, said."

sigh. And, again you only quoted what sounds good to your position. It is no surprise that Treasury (e.g. Paulsen) has yet again denied that China has done anything wrong. It is no surprise to me either, since they've been with their head in the sand for a decade. You omitted the very next sentence, which clarifies what the aide to Max Baucus meant, But no matter what the report says, China still does not have "an exchange rate that reflects market forces, ensures balanced growth and is appropriate for China's economy today ... And that's dangerous for China, America and the global economy," the aide said.

The purpose of the report is determine if US trading partners are undermining trade competitiveness. The conclusion is that there are none doing so.

The conclusion is wrong, and so says the US Congress as they are even now amending the Treasury act to remove the provision that Paulsen cites, that being that the "currency manipulation" is for the narrowly defined purposes of "competitive advantage". We don't agree, and now you are in the minority position since Congress and the new President will do something about China's unfair currency manipulation.

So you finally found a document that somewhat supports your claim. I do wonder why this general thread assessment report is more reliable as the previous sources, in your view. I suppose you also agree with statements like the following?

I don't want to diverge the topic. The people doing the analysis for the DOD have far better credentials than I do on military matters. I think it is a concern that China is funneling most of its new wealth into an State run investment apparatus to buy all the worlds resources. You probably didn't know this, but of the 1400 some Chinese companies on their stock exchange, over 1000 are owned by the government. I don't think it is a bad thing for the US to carefully consider how it is funneling technology, wealth and power to an adversary.