China is Good for America

This is quite possibly the stupidest thing said on CNBC in quite a while. Poisonous food is GOOD for America!
calvadossays...

not sure. I'd say that was a bad misspeak unless she was being tongue-in-cheek.

the point about China being vital to the US economy is plenty true however. if I'd been in her shoes I would've said something more along the lines of "occasional faulty merchandise is the kind of bullet we sometimes have to bite when trading with a country that -- very inexpensively -- makes 80% of our consumer goods".

rougysays...

We are far too dependent on China. Heaven forbid, given some sort of catastrophe or new world war, we've become so dependent on them that America will be in serious trouble.

Thank corporate greed and conservative near-sightedness.

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