Strengthening Constitutional Self-Government

No Left Turns

Hummer to China

Darn it.

Discussions - 5 Comments

It deserves more than a "darn," it deserves a damn, or two or three for that matter.

Peter: I hate to say it, but where do you think the U.S. guv'mint got the cash to keep Hummer alive this long? The ChiComs own the debt; it's only right that they own the productive asset. And maybe you'll stay supplied with {those rare?} replacement parts! :-) Any comment on the Chinese buying 15% of your beloved Cavs?

I like both moves. First of all if I could invest in GM China I would. GM China is doing well and doesn't have the higher labor and CAFE standards to deal with, still GM china sells a lot of the Opel type smaller european cars. China is still a black box, and no matter what folks say about the rule of law and property rights in the US, it is still a greater risk in China, but on a relative basis China is improving and this is the problem. In many ways China already has a huge investment in the United States, so they are drastically less of a threat in the old way of thinking of things.

China already makes most of the Nikes worn in the United States, and the Nikes sales are linked to the popularity of basketball stars since Jordan...Yao Ming and the recent olympics also have contributed to making basketball/Lebron James incredibly popular in China. The Chinnese want to invest in the Cavs so they can sell more official Cavs/Lebron merchandise.

But this is good for Cleveland and good for the Cavs and good for Lebron, because if the Cavs can pick up massive chunks of the China market they can start to function more like the Houston Rockets(via Yao Ming). In other words Cleveland is a small TV market when compared to LA or Boston, but this can become a mute point with the proper international marketing of Lebron and the Cavs. Lebron whose allegiances to NY Yankees have made clear that he isn't a narrow local minded person.

If the Cavs could pick up a good center(Yao Ming?) and a slightly better supporting cast then they could keep Lebron in Cleveland and win a title, and if folks in Shanghai are also cheering so much the better.

When Pelosi went to China she had swallow her comments on human rights just as she had swallowed her postering on rendition because she knew that bailling out/financing the state of California depended upon treasuries/Chinese. It is possible that the Chinese wanted her to toss Jerry Buss under the bus, and nationalize the lakers in exchange for california financing(but this is pure speculation). When Geithner went to China and talked about the stability of the dollar the chinese laughed.

Silly american, we make shoe fit you wear it. We make stuff, you provide entertainment. Our stimulus program is smoking cigaretes to deal with the stress of maybe you never pay us back!

When Pelosi went to China she had swallow her comments on human rights just as she had swallowed her postering on rendition because she knew that bailling out/financing the state of California depended upon treasuries/Chinese.

Of course the only reason that China has so many dollars to buy treasuries with is their rigged trading practices, practices which our own government for some reason approves of.

Civilizations die by suicide, not by murder.

The Chinese are in quite a pickle, keep buying bonds and treasuries from the USA that they know will never get paid back or stop and watch the value of their current holdings plummet. It is interesting that we are so willing to sell out to the communists and call it free market. How does that happen, no human rights, but it is just the free market. I have to get out wealth of nations and look for the part about exploiting slave labor, mabye I need a merchantalist or colonialist book for that. People still having the gual to blame the trade unions for this is beyond me. They just took stock in exchange for their retirement and benifit trust which went to pay Chase and Citi. It is good to be the Rockefeller.

Leave a Comment

* denotes a required field
 

No TrackBacks
TrackBack URL: http://nlt.ashbrook.org/movabletype/mt-tb.cgi/13998