Sunday, April 17, 2011
Huntsman and Obama, Partners in Shipping Jobs to China?
Ambassador Huntsman recently attended a luncheon in Guangzhou, China at the American Chamber of Commerce in South China where he met with Chinese business leaders from the Pearl River Delta American Wine Import Association and was awarded "2011 man of the year."
Some startling figures were reported at this event.
"You are all certainly aware of the unprecedented USD 49 billion in U.S. export deals signed and an additional USD 89 billion in Chinese government contracts opened to U.S. companies during Chinese President Hu’s recent visit to the States.” Mr. Harley Seyedin explained that, "according to a U.S. census data, American’s exports to China in 2008 amounted to approximately USD 69.7 billion. By 2010, that figure had reached USD 91.9 billion. During U.S. President Obama and Ambassador Huntsman’s tenure, growth in exports has outpaced import growth by 21 percent—nearly double the historical average of 12 percent.”
We have to ask, just what role Obama and Huntsman have played in the historic doubling of the US trade deficit with China? How many of these agreements which favor Chinese imports to the US at the expense of US exports to China were negotiated by the Ambassador at the direction of the Obama administration?