Crooks and Liars » CNBC’s Erin Burnett: We Need China’s Toxic Food And Lead Coated Toys To Keep Economy Strong:

Crooks and Liars » CNBC’s Erin Burnett: We Need China’s Toxic Food And Lead Coated Toys To Keep Economy Strong:

"“A lot of people like to say, uh, scaremonger about China, right? A lot of
politicians, and I know you talk about that issue all the time. I think people
should be careful what they wish for on China. Ya know, if China were to revalue
it’s currency or China is to start making say, toys that don’t have lead in them
or food that isn’t poisonous, their costs of production are going to go up and
that means prices at Wal-Mart here in the United States are going to go up too.
So, I would say China is our greatest friend right now, they’re keeping prices
low and they’re keeping the prices for mortgages low, too.”"

I am confused by what she is saying here, is she really saying that we shouldn't try and stop China from making toys that could poison our kids, or food that could poison us, so the prices at the store will stay low. If reading it isn't enough to believe it, it wasn't for me, click on the link to see the video.

Now to defend China a little. It produces a lot of toys, and food and clothes. It makes a lot of the things that we use in our day to day lives, and much of it is produced well. There have been concerns about some products, and China has expressed concern about safety as well. It isn't fair to attack the whole industry of a country, as big as China, with as many companies as China, based on a few incidents. How would we feel if they attack out fast food industry for a few problems that it has had?