Things have just kept getting worse and new problems keep arising, and our deficit has soared beyond the scope of sanity, and all they could do was blame George W. Bush. Then in November the makeup of the Congress shifted markedly due to the elections. The Republicans took control of the House. Now suddenly it is January and the Republicans are poised to start taking some actions in Congress with the hopes of correcting the foul-ups created or made worse by President Obama and the democrats. So what do the democrats do? Do they say okay we will work with you? No, that would be to much to hope. What they do instead is to start to blame someone else for our economic problems. They are now blaming China and becoming very outspoken about it. Remember how critical of Greece was this administration when the Greeks tried to blame the US for its economic failure! Yet the dems blame another country now for our failure because they can no longer get away with blaming Bush. Senator Charles Schumer (D - NY) has said the following, in essence challenging China with a serious threat, though one has to wonder with what he would back it up. (see: http://politics.blogs.foxnews.com/2011/01/17/ahead-hu-visit-senators-push-china-trade-legislation)
"China's currency manipulation is like a boot on the throat of our economic recovery," Schumer said in a statement. "We are sending a clear message to the Chinese government: if you refuse to play by the same rules as everyone else, we will force you to."
Hmm, what happened to blaming George W. Bush? I guess, it is no longer his fault, it is now the fault of the Chinese that our economy is failing. Makes one wonder, if they are ruining our economy, why is it that we keep borrowing money from them? Wouldn't it be counterproductive to borrow from someone who is trying to destroy your economic status. The Chinese have admitted as much. Their president, Hu Jintao, recently said that the Chinese yuan should become the prominent currency in the world - replacing the U.S. dollar. Soon, I think, we will owe them so much money we may have to use their currency here in the U.S.A.; it would not be much of a surprise to me!
The thing of greatest concern about all this is not even that we owe the Chinese over 1 trillion dollars (get that - we owe them just about 1/14th of our national debt) but that we are now challenging them about their own prosperity. Do mouthpieces like Schumer not even consider that China is set to become the leading world power, that the balance of power has been and continues to shift markedly in their favor, that they have been building up their navy and air force for several years now, that they are allied with other countries who are our avowed enemies such as North Korea and Iran. Does Schumer forget that our President is seen as weak because of his incessant apologies for everything American after he took office and for his blame the other guy tactics. Does he forget that we are indeed weak when it comes to our economy? (If so, one would have to wonder how he could forget considering just how much he blamed on GWB!) Does he not realize that we borrow more money from China than any other nation? Does he forget that 'Made In The USA' is a lost concept and that many if not most of our manufactured imports are made in China? Does he forget we are currently involved in 2 wars on foreign soil? Does he want to involve us in a war with China - even just a trade war? If I believed that the Democrats under the
I just wish that guys like Schumer would shut up or at least give a good amount of thought to what they say before they say it - and I wish that guys like him would start to accept the blame themselves for things they screwed up - like our economy. Something tells me I will just keep on wishing for at least another 2 years.
The opinions expressed above were my personal opinions.
All the best,
Glenn B
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