by Charles E. Reier, MD, and Rebecca A. Reier
Labor Day has become a meaningless holiday for approximately 20-40 million who are unemployed, underemployed or have dropped from the American labor force. On the other hand for working Americans in a compassionate society, this problem takes on an even greater meaning since more and more of their tax dollars must provide food, shelter and medical care for this increasingly large group of people. How well is our social safety net working? Obama says 1 in 8 Americans are hungry – and that food banks are low on supplies.
Unfortunately the cause of our chronically increasing unemployment/underemployment seems to have eluded the economic and political leaders of both parties. China, through currency manipulation and unfair trade (masquerading as beneficial or “free trade”) has taken over 2 trillion dollars out of the paychecks of American workers. In the process they have laid waste to the physical and intellectual skills of hundreds of legitimate American industries. No surprise then that the millions of Americans willing to work are having their debts labeled as sub-prime when indeed the term sub-prime should be applied to their opportunities for the employment necessary to pay their debts.
How is China using its huge largess of American dollars? In the United Nations and elsewhere they obstruct worldwide efforts to limit Iran’s nuclear capabilities. On the high seas China’s Sec. of Navy suggests that they and the United States should divide the Pacific on a line through the Hawaiian Islands while Chinese nuclear subs lie off the coast of South Korea. Elsewhere the Chinese are busily locking up contracts for Iraqi oil and the world’s largest reserve of copper in Afghanistan - the very land stained by the blood of our brave American troops.
In the area of economics, a deputy of the Peoples Bank of China held little prospect for rapid appreciation of the Yuan. This move is absolutely essential for balancing and making fair the trade between the two countries. The deputy further states “the currency doesn’t have a key role in rebalancing bilateral trade between the US and China”. This statement is equivalent to stating that accurate accounting of money is not essential in playing a game of Monopoly.
The administration is already moving on this issue but needs encouragement and support. Your communication will also send a message to Chinese leaders that in trade they have lost the status of a “poor under-developed country” that needs our assistance. More importantly Chinese leaders must know that our trade representatives are backed by the full force of the American working public.
Although the leading force on this issue has been Senator Charles Schumer (D) of New York, it is time to let our congressional leaders know that the issue of fair trade with China is a bipartisan issue essential to the survival of our economy. Celebrate Labor Day by contacting your congressional representatives with the message: Free trade with China must be FAIR trade.


































