The mid-term elections are a few days away and the cacaphony from the Republicans, the Tea Party, Fox and its amen lobby, the idiotic, loud mouth and racist talk radio, Palin, Limbaugh and the other fearmongers and haters are at a fever pitch and are drowming out the need to identify and address the real problems and find solutions. There are two major targets......China and Obama.
China, like Japan, Korea and Taiwan in the 70s, and Mexico in the 90s, is pelted with vitriol verging on racism. It is being blamed for America's economic stagnation, the housing bubble, continued high unemployment and growing dent. China's decade-long 10% growth, low inflation and its trade deficit with the USA, are blamed on its low currency, and that they save more than they consume. China is blamed for American consumers demanding cheaper goods and not American companies that have gone and invested where there is growth overseas, especially in China, where their made-in China goods benefit these companies eg. Nike and Caterpillar to name just two, who take advantage of low wages and a docile and plentiful work force, and a growing market for their goods, resulting in great profits. They are the ones who take jobs outside the USA, jobs that can be done at great savings in China, and because the highly effective and productive manufacturing sector that require fewer and fewer workers because of IT, robotics and other efficiences. It is not China's fault.
Do not blame China for its trillion reserve. Some of it come back in profits for American companies and loans for the federal government. The American economy and people benefit from this, as well as the cheaper goods that consumers constantly demand. The global economy is increasingly inter-dependent. There is a symbiotic relationship. Retaliating against China or forcing it to raise the value of its currency, will not bring back manufacturing jobs (high-end or not). This will not make manufacturers re-tool or, rebuild the infrastructute. All it will do is cause chaos and disruptions in the world economy. What is needed, is to recognise and deal with our problems. Political posturing and scape-goating are just distractions. They are destructive and unproductive, raising fears and paranoia, detracting from finding solutions. The Chinese bogeyman is a chimera.
Obama is not a Muslim or the devil in disguise. He is as American as apple-pie. Give him credit for the 93% of people getting more on their pay-check because of tax-cuts; for the millions who were able to keep their jobs beacuse of the stimulus package; for the winding down the war in Iraq; for the millions who will benefit from greater medical care and for those who no longer can be penalised for being sick and poor; for the recovering economy, even if jobs are slow to come back; for taking the fight to Wall Street and the Corporate pirates; for the prestige that America has regained in the eyes of the world and for taking on the Taliban and al Qaida in Pakistan and Afghanistan. Yes more needs to be done but he cannot do it alone. The American system of checks and balances require the consent of Congress, where the Republicans are obscurantist and obstructionist....they want him to fail, even if it means that Amerii
China, like Japan, Korea and Taiwan in the 70s, and Mexico in the 90s, is pelted with vitriol verging on racism. It is being blamed for America's economic stagnation, the housing bubble, continued high unemployment and growing dent. China's decade-long 10% growth, low inflation and its trade deficit with the USA, are blamed on its low currency, and that they save more than they consume. China is blamed for American consumers demanding cheaper goods and not American companies that have gone and invested where there is growth overseas, especially in China, where their made-in China goods benefit these companies eg. Nike and Caterpillar to name just two, who take advantage of low wages and a docile and plentiful work force, and a growing market for their goods, resulting in great profits. They are the ones who take jobs outside the USA, jobs that can be done at great savings in China, and because the highly effective and productive manufacturing sector that require fewer and fewer workers because of IT, robotics and other efficiences. It is not China's fault.
Do not blame China for its trillion reserve. Some of it come back in profits for American companies and loans for the federal government. The American economy and people benefit from this, as well as the cheaper goods that consumers constantly demand. The global economy is increasingly inter-dependent. There is a symbiotic relationship. Retaliating against China or forcing it to raise the value of its currency, will not bring back manufacturing jobs (high-end or not). This will not make manufacturers re-tool or, rebuild the infrastructute. All it will do is cause chaos and disruptions in the world economy. What is needed, is to recognise and deal with our problems. Political posturing and scape-goating are just distractions. They are destructive and unproductive, raising fears and paranoia, detracting from finding solutions. The Chinese bogeyman is a chimera.
Obama is not a Muslim or the devil in disguise. He is as American as apple-pie. Give him credit for the 93% of people getting more on their pay-check because of tax-cuts; for the millions who were able to keep their jobs beacuse of the stimulus package; for the winding down the war in Iraq; for the millions who will benefit from greater medical care and for those who no longer can be penalised for being sick and poor; for the recovering economy, even if jobs are slow to come back; for taking the fight to Wall Street and the Corporate pirates; for the prestige that America has regained in the eyes of the world and for taking on the Taliban and al Qaida in Pakistan and Afghanistan. Yes more needs to be done but he cannot do it alone. The American system of checks and balances require the consent of Congress, where the Republicans are obscurantist and obstructionist....they want him to fail, even if it means that Amerii
