My Newz 'n Ideas

It is my intent to express my opinion and to discuss current events. Feel free to make suggestions to fields you would like to see covered, and I will consider them. Please leave your name with comments. Thank you. Arabic: عربي.

Sunday, July 31, 2005

Finally, USA tightens sale of goods to China

Finally, the Bush Administration has moved to curb the sale of anything that may be used for Military purposes.
President George W. Bush's plan to toughen restrictions on technology exports to China has set off a struggle between U.S. national security officials concerned about China's military threat and American companies increasingly dependent on overseas markets.
Items such as aircraft parts, computer chips and machine tools shall not be sold anymore. Many companies are having a cow. Two for example are Intel Corp. and Boeing Co. They have allowed themselves to become increasingly reliant for their sales. This will cost them billions of dollars which they have invested. That will teach them to invest in the Chi-Coms.

We are rapidly moving toward a showdown over Taiwan and North Korea. They do not care about NK. They have just been using North Korea to keep everyone's eyes off their own determination to create as many nuclear bombs as they could make. They now have several that could reach the USA. I hope you all understand this.

I am just wondering why it took so long for our government to wake up to the danger? We have known since before the 1999 Cox Report.

Frankly, I don't care about the businesses that would rather be traitors for buck than to protect the land of the free peoples who allowed them their riches. For God said, "You cannot serve two Masters." If you worship money, you will always lose. No matter what, you will never have enough.

If you worship God [or Yaway (sp?), Allah, I Am, etc.], you will always survive. Even through the rough spots, but that's not what this is about (well...yes it is!)
"U.S. industry is integrating with China, but the Bush administration is taking steps that are taking U.S. policy in a virtually opposite direction," said Edmund Rice, president of the Coalition for Employment Through Exports, which represents companies such as Boeing. They're heading for a clash.
Good for you! Like I said before, it's about time!
China agreed under U.S. pressure to a partial revaluation of its currency last week. An $18.5 billion bid by the Chinese government- controlled Cnooc Ltd. to buy El Segundo, California-based Unocal Corp. has encountered strong opposition in the U.S. Congress. Lawmakers this week ordered a review that may delay by 141 days a government decision on whether to allow the acquisition. The House approved legislation yesterday that allows companies to seek a broader array of duties on imports from China and force the U.S. Treasury to closely monitor China's currency policies.
This is very good news. It is about time the House did something useful to HELP the USA. China wants us to increase exports to them instead of decreasing imports. Let's see.
"There is a push and pull between the security people and the economic people" inside the administration, [Secretary of State] [sic] Rice said.
Aha! The Defense Department wants to be sure their concerns are addressed in any final restrictions. They are very concerned. I believe this this is the bill which was passed by Congressman Hunter (R) and Congressman Hyde (R) on July 20, 2005. H.R.3057 Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 (Public Print). (Just put "HR 3057" in the search engine once you are there.)

Well, that's it for now. If you would like to read the the article, you will find it here. Have a good day, ya'll!