Not so long ago Hunter had written about the questionable quality of Chinese imports–and the seeming lack of effective regulation for defective products. Well, just today, I found this one in my inbox…compliments of the Capitol Steps via youtube…
Anyone who wonders why the US doesn’t clamp down harder on China and some of the sorry, dangerous, unsafe crap they export into this country need only remember that the People’s Republic of China owns 24.07 percent of all the US Treasury Securities held by foreigners (as of January, 2009 source: The US Treasury).
That’s $739.6 billion dollars. And thus, one might speculate, 739.6 billion reasons why Americans have had to put up with substandard tires, lead in painted toys, counterfeit substances in heparin, anti-freeze in toothpaste, and God-knows-what in toxic Chinese drywall.
It’s criminal, what some families are going through. Especially in this economy, which is still in the doldrums with far too many people out of work, it’s that much harder to realize the great American Dream of home ownership. And once you separate the wheat from the chaff and ferret out those who accepted choking mortgages for palaces and estates their income levels suggest they have no business of Read the rest of this entry »