The Recovery of the United States
Curently the United States buys everything from Communist China, and to make things worse borrows money from China to pay for the things made in China. This is an economic hole such as a financial grave for the United States to be digging for itself. The American People are not the blame for this situation because Corporate America has had a field day with operating off shores such as: Not paying taxes, Chinese Workers do not pay taxes because they are Chinese citizens and not U.S. Citizens...and that is why the Internal Revenue Service has had a hard time bringing in the tax revenue of 35%. Currently the United States is slowly turning into a Well Fair State to Communist China.
Today, Communist China sits on 2 Trillion Dollars of U.S. Debt, and the United States owes China close to or 1 Trillion U.S. Dollars in an Trade Deficit. This Author must quote Governor Huckiby: " What sense does it make to give the American People an Economic Stimulus Check to go to the store to buy everything made in China—Whose Economy are we stimulating here? " Note: The North American Education Institute ( Christian State Department ) is non partisan, but not the owner;-)
The United States Government not only borrows money from Communist China, but other Trading Blocks also, such as the European Union. The problem is these countries should be borrowing the money from the United States of American and not the other way around especially when they get angry over an American Campaign to buy made in America etc. The United States U.S. Dollar has depreciated in value and that is unacceptable. In the 1970's and 1980's the United States had the power to set the value of its own currency which is not the case today. Today, the U.S. currency floats around foreign market and its value is set by how foreign markets respond to it, and not the power of Washington D.C. in the United States of America. Yet, today China has achieved economic power to the point to where their government sets the value of their Chinese Currency leaving the United States at a disadvantage.
With the Housing Bubble Burst, bailouts of Banks, bailouts of domestic U.S. Corporations, soaring U.S. Unemployment, the cost of trying to give Health Insurance to 40 million Americans, paying for the military operations in Iraq and Afghanistan and the war on International Terrorist... The United States can do only one thing at this point: Come-up with the money to turn the United States into a Trading Country as an Exporter to emerging developing third world countries. Thereby, putting desperately needed U.S. Currency into the domestic U.S. Corporation to create manufacturing jobs for the American People because one day the European and Chinese will be competitors on the Global Market for goods and services.
The United States of America may have to borrow the money from China, but transform the U.S. Economy as Japan did to the United States in the 1980's.... Japan received economic aide from the United States in the 1970's and took over the U.S. Car Industry in the 1980's with U.S. money. The United States has no choice but to do the same tactic on China with Chinese Currency. The U.S. borrows the money from China, builds the Domestic U.S. Industrial Complex and beats China to third world emerging economies and then the U.S. is no longer in debt.
|
