View Single Post
  #10   Report Post  
NOYB
 
Posts: n/a
Default


"Don White" wrote in message
...

"NOYB" wrote in message
nk.net...


Right now, China is our greatest threat economically because they're

signing
oil deals with a bunch of countries that used to supply almost solely to

us.


Well, lets see....the US let all the manufacturing plants leave the
country
for China. Now China needs lots of energy to run those industries. Too
late to close the barn door after the horse is out.


I agree. But you have to ask: when was the barn door opened?

Bill Clinton accepted bribes from China in the form of illegal political
contributions. In exchange, he made policy decisions that undermined our
national security and benefitted a potentially hostile nation. That opened
the barn door.

Early in his first term, Bush tried to undo a lot of the damage done by
Clinton. In retaliation for pressure by the Bush Administration to open
it's trade markets, China fired a warning shot across our bow when it
forced down one of our US Navy EP-3 planes and held the crew hostage. Bush
was forced to back off when 9/11 happened just 5 months later...but you
better believe that we are still figuring out a way to put the hammer to
China without disrupting our own economic stability.

You're right, though. The barn door is open...and it's awfully hard to
close.

Right now, we need China and China needs us. The Chinese economy is very
much reliant on the US economy, but with one exception: the value of the
dollar. It's possible to have a weak US dollar, yet have a strong US
economy and a comparatively weaker Chinese economy. The weak dollar affects
nations that import goods to the US. Since China is our number one
importer, they're affected the most by a weak dollar.

There's talk among Democratic alarmists that countries holding US debt (like
China) might pull out of US dollars as the dollar continues to weaken.
Bunk. Their economy would be hit the hardest of all by such a move. The
Chinese are greedy...and they have aspirations for an even stronger
military. They can't afford another "Asian Flu" (aka--weak economy) like
they had in the mid to late 90's because it seriously impairs their military
buildup efforts.


And what will the Chinese turn to if they dump US dollars? The Euro? Ha!
The European Union has an unemployment rate hovering around 9%, and their
economy is fragile as hell.

There is a plan to start bringing jobs back to the states (but union guys
like Harry sure don't like it). What's the plan? Immigrants. Bush isn't
the only person who recognizes this fact. The EU chief said the same thing:


Europe needs a lot more immigrants, says EU chief
By David Rennie in Brussels
(Filed: 10/02/2005)

To help support an ageing population and counteract plummeting birth rates,
Europe needs more, not less, immigration, a European Union official said
yesterday.

Immigrants give companies the ability to bring the factories back to the
states, and keep them profitable enough so that they don't have to run to
China for cheap labor. You might say: "but what about American workers?".
Well, American workers aren't working if some guy in China has his job
either. Wouldn't it be better if you brought the money back to the states,
so that the labor market here starts spending the money on our economy
(instead of in China)? A large stimulus like that to our economy grows new
businesses and creates new jobs.

Bush is a friggin' genius...and the fruits of his policies will only be
noticed a decade or two from now.