Demondog wrote:

What do you guys have against free enterprise?

I'm all for free enterprise, but not at the risk of lost sovereignty.

A Communist country should not have leverage in the U.S. financial markets. Unfortunately, the politicians of both parties; Democrat and Republican, have sold out to China because of China's debt holdings in the U.S.

In 2000, China held only 6% of U.S. Treasury securities, today, China holds 26% of U.S, Treasury securities.

http://money.cnn.com/2011/01/18/news/international/thebuzz/index.htm

In my opinion, giving China MFN is a mistake for various reasons such as egregious tariffs, duties, that China imposes on U.S. goods entering into China. This has created a trade imbalance with them. Other reasons include China flooding the U.S. market with inferior steel, toxic lead paints in children's toys, toxic drywall, etc;

The U.S. needs a new restructured trade policy with China that puts U.S. sovereignty first.