"And rather than robbing us, trade with China and our other partners is a source of wealth for the people in this country as it allows us to focus our resources in areas of our greatest comparative advantage. Places like service industries, real estate and finance."

Translation:

Service industries: low paying jobs that are dependent on other people earning enough to afford them

Real estate: property that does not really change value but is inflated in cost by an inflated money supply giving the illusion that wealth is being created

Finance: The portion of the economy that has grown wildly in the last 40 years that produces really nothing but siphons off wealth from the productive part of the economy

While I'm one in favor of free trade and recognize that the lower cost of goods has benefited the consumer with lower prices, it certainly does not help with job or wealth creation in this country.

John