And the answer is, fundamentally, it's based on two principles. Incurring a huge amount of debt to buy things that other countries make for us. And to make it a little bit more crystal clear, We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture. That is not a recipe for economic prosperity. It's not a recipe for low prices, and it's not a recipe for good jobs in the United States of America. (00:55–01:02)
CLAIM
Asserts that the U.S. borrows money from Chinese citizens to purchase Chinese-manufactured goods.
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