There are depressed regions of the United States that deserve that manufacturing business. Vietnam? How about the Rust Belt or upstate New York instead.
Distance. A lot of manufacturing requires nearby manufacturing of sub-components. Even if we have a handful of manufacturers ready to start in 90 days - we'd be missing a lot of supply chain. We're pretty spread out at the moment for a lot of stuff that's been concentrated in China for decades, that's pretty much the domain of asian countries. They have whole cities which are essentially mega-campuses of factories feeding each other.
To punish China 'now' - we need to move to all countries that can take it on 'now'. If we can do it 'now' then by all means - but I'm thinking shortest distance between 2 points, and hurting China the most - and the fastest.
There's also a population gap. The reason most assembly in China is done by hand is it allows instant line reconfiguration (which we can't do), and of course the massive amount of hands available. Vietnam would be only 'one' place required. There'd need to be plenty more (Vietnam isn't huge either at only around 100m - but it scales fast and has a lot of sub-components already available).
It's a big party and everyone is invited if we want to get out of China quick. And I mean domestic and international players.
The stimulus isn't $2T but 6. Maybe that won't all get spent since D's are trying to sink our small businesses, (I guess they figure they won't get any votes from small business owners anyway) but simply wiping out our debt to China isn't nearly enough to make us whole from the damage caused by China's culpability.
Is our damage really nothing more than the cost of the stimulus? I can think of umpteen different categories we're damaged. I'm sure you can too.
How many dead people? How much loss to our economy? How much expense to deal with all this bs? Testing, PPE, ventilators, building emergency hospitals, driving everything around. No, China can't make us whole by forgiving $2T in debt. There's not a Country on the planet that China can make whole. They owe the rest of the world a debt they can never repay.
We can't begin to calculate the cost until we're back to normal.
If you just look at the government response, doing sensible things, that'd be quite a "stimulus package." Include giving people medicine once we knew something could help. That would've gotten at least a large portion of the Country back to work quickly, but we have to add all sorts of bs to that. The panic and irrational behavior in the wake of this mess is debatable who's fault it is, but China is indirectly involved there too. I'm all in favor of holding our Governors accountable for their mistakes and moving forward with doing the right thing(s).
There are depressed regions of the United States that deserve that manufacturing business. Vietnam? How about the Rust Belt or upstate New York instead.
Distance. A lot of manufacturing requires nearby manufacturing of sub-components. Even if we have a handful of manufacturers ready to start in 90 days - we'd be missing a lot of supply chain. We're pretty spread out at the moment for a lot of stuff that's been concentrated in China for decades, that's pretty much the domain of asian countries. They have whole cities which are essentially mega-campuses of factories feeding each other.
To punish China 'now' - we need to move to all countries that can take it on 'now'. If we can do it 'now' then by all means - but I'm thinking shortest distance between 2 points, and hurting China the most - and the fastest.
There's also a population gap. The reason most assembly in China is done by hand is it allows instant line reconfiguration (which we can't do), and of course the massive amount of hands available. Vietnam would be only 'one' place required. There'd need to be plenty more (Vietnam isn't huge either at only around 100m - but it scales fast and has a lot of sub-components already available).
It's a big party and everyone is invited if we want to get out of China quick. And I mean domestic and international players.
The stimulus isn't $2T but 6. Maybe that won't all get spent since D's are trying to sink our small businesses, (I guess they figure they won't get any votes from small business owners anyway) but simply wiping out our debt to China isn't nearly enough to make us whole from the damage caused by China's culpability.
Is our damage really nothing more than the cost of the stimulus? I can think of umpteen different categories we're damaged. I'm sure you can too.
So what's over 5% of our national debt currently? Sounds like it's still covered.
How many dead people? How much loss to our economy? How much expense to deal with all this bs? Testing, PPE, ventilators, building emergency hospitals, driving everything around. No, China can't make us whole by forgiving $2T in debt. There's not a Country on the planet that China can make whole. They owe the rest of the world a debt they can never repay.
We can't begin to calculate the cost until we're back to normal.
If you just look at the government response, doing sensible things, that'd be quite a "stimulus package." Include giving people medicine once we knew something could help. That would've gotten at least a large portion of the Country back to work quickly, but we have to add all sorts of bs to that. The panic and irrational behavior in the wake of this mess is debatable who's fault it is, but China is indirectly involved there too. I'm all in favor of holding our Governors accountable for their mistakes and moving forward with doing the right thing(s).
We can deal with China later.
So what's over 5% of our national debt currently? Sounds like it's still covered by China and could be rebooked.