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Biden Should Force China To Pay the Worl   The Serious You: How Current Events Affect You

Started Oct-22 by WALTER784; 876 views.
WALTER784

From: WALTER784

Oct-22

Biden Should Force China To Pay the World Restitution for Coronavirus Damage, Retired General Says

In new policy paper, Gen. Keith Kellogg warns Biden admin against ignoring Chinese Communist Party threat
 
The Biden administration should force China to pay restitution for the deaths and economic havoc caused by the coronavirus, according to retired Lt. Gen. Keith Kellogg, who was a senior National Security Council official in the Trump White House.
 
Kellogg, in a new doctrine produced by the America First Policy Institute, a nonprofit research group, says the coronavirus pandemic must serve as a wake-up call to the American people and government about China's threat to global stability.
 
 
FWIW
Jeri (azpaints)

From: Jeri (azpaints)

Oct-22

How do you think the Biden administration or any US administration could legally force China to pay restitution?

Especially since Trump accomplished nothing of substance with 'Jhina'.

Jeri (azpaints)

From: Jeri (azpaints)

Oct-22

The answer will undoubtedly be tariffs...which end up being paid by us consumers IIRC.

WALTER784

From: WALTER784

Oct-23

Jeri (azpaints) said...

How do you think the Biden administration or any US administration could legally force China to pay restitution?

I'm not sure... you should ask Gen. Kellogg... but I presume increased tariffs on imported products, a consorted effort with other countries... perhaps headed by the U.N.? Maybe others.

But one would have to be aware of the ramifications before hand.

FWIW

WALTER784

From: WALTER784

Oct-23

The_Rock (JABRONI256) said...

Especially since Trump accomplished nothing of substance with 'Jhina'.

He made steel manufacturers and green belt farmers very happy when China agreed to import a lot of our Made in U.S.A. products as well as slapped heavy tariffs on products imported from China.

China had been taking a big advantage of the U.S. trade market for over 20 years until Trump stepped in and levelled the playing field.

I wouldn't call that nothing.

FWIW

Showtalk
Host

From: Showtalk

Oct-23

Actually he accomplished a lot which has been undone by Biden.  And now we have a crisis beyond imagination

What did he accomplish exactly?

Showtalk
Host

From: Showtalk

Oct-23

All his accomplishments,  I bet you never saw this before.

  • America gained 7 million new jobs – more than three times government experts’ projections.
  • Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
  • The unemployment rate reached 3.5 percent, the lowest in a half-century.
  • Achieved 40 months in a row with more job openings than job-hirings.
  • More Americans reported being employed than ever before – nearly 160 million.
  • Jobless claims hit a nearly 50-year low.
  • The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
  • Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.
  • Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
  • Unemployment for women hit its lowest rate in nearly 70 years.
  • Lifted nearly 7 million people off of food stamps.
  • Poverty rates for African Americans and Hispanic Americans reached record lows.
  • Income inequality fell for two straight years, and by the largest amount in over a decade.
  • The bottom 50 percent of American households saw a 40 percent increase in net worth.
  • Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
  • African American homeownership increased from 41.7 percent to 46.4 percent.
  • Created more than 1.2 million manufacturing and construction jobs.
  • Put in place policies to bring back supply chains from overseas.
  • Small business optimism broke a 35-year old record in 2018
  • After lockdowns ended:
  • October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
  • During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
  • Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
  • Jobs have been recovered 23 times faster than the previous administration’s recovery.
  • Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
  • Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
  • Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
  • 80 percent of small businesses are now open, up from just 53 percent in April.
  • Small business confidence hit a new high.
  • Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
  • Manufacturing optimism nearly doubled.
  • Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
  • Home prices hit an all-time record high.
  • The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
  • Business confidence is higher in America than in any other G7 or European Union country.
  • Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.
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