Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency.
The Chinese pouch our industrial base because Liberals hate business and make regulations, ObamaCare, and are just generally hostile to business so they go to China to compete in the world economy and they get it from the Chinese too, but they can’t come back because the Liberals will just sack them if they do.
The “soak the rich”, “CEO’s are evil”, “Corporate fascism” of the Left has consequences.
Class Warfare has consequences.
So China has our debt. Our Industrial Base. And now they want to be the big Dog.
And what will President Obama do about it?
Likely bow and apologize and grovel. Be “reasonable”.
We aren’t any better than them, we are all equal.
I guarantee the Chinese don’t think so.
On the economic front, Mr. Hu played down one of the main U.S. arguments for why China should appreciate its currency—that it will help China tame inflation. That is likely to disappoint Washington, which accuses China of unfairly boosting its exports by undervaluing the yuan, making its products cheaper overseas. The topic is expected to be high on U.S. President Barack Obama’s agenda when he meets Mr. Hu at the White House on Wednesday.
They are the barbarian hordes who have come in an sacked the over-bloated, decadent, Roman Empire – US.
Mr. Hu’s responses reflect a China that has grown more confident in recent years—especially in the wake of the global financial crisis, from which it emerged relatively unscathed.
They don’t respect us. They just see us as the big target to pick off and if they can get others to value the Yuan over the Dollar as the universal currency stick a fork in US we’re done.
So what will the Liberals do about it?
Nothing. Why would they? We are no better than than them. They are no better than us. We aren’t special. We ARE Greedy. And Corporate America is EVIL.
We deserve it.
The Chinese are Wal-Marting us. They deliberately undersell to drive the smaller competition away (in this case to China, India — anywhere but here!).
He called for an international financial system that is more “fair, just, inclusive and well-managed.”
Sound like a Liberal does it?
Sound like we can do it better because we are smarter-than-you Liberalism?
Fascinating isn’t it?
“The current international currency system is the product of the past,” he said, noting the primacy of the U.S. dollar as a reserve currency and its use in international trade and investment. (WSJ)
Add to that 70%+ of our Oil comes from people who want us dead. And what is the Liberal response?
Oil Moratoriums, Drilling Bans, and State Park set-asides that prevent US from supplying our own oil.
After all, Oil is EVIL!
So the Liberals turn to their “feel good” ‘green jobs’.
The Department of Labor has issued several million dollars in grants to community colleges and specialized universities around the country to train students for “green jobs” in renewable energy fields. While the grants are supposed to fund the future “rank and file” workers of the renewable energy industry, there’s a glaring problem the DOL seemingly overlooked — those jobs are either non-existent or scarce.
A former college official who has applied for these grants and has in-depth experience working with the Department of Labor and the Department of Education told The Daily Caller that colleges will often fudge expected job placement numbers just to get extra government cash.
“On ground level – it’s a real struggle – my grant writers came to me and honestly said, ‘I don’t have any job projections, what do I tell them?’ You do your best to make up job numbers,” said the former college official, who wished to remain anonymous to prevent jeopardizing future job opportunities. “But it’s not like lying – it’s just guessing what we might be able to do in a best case scenario, but you don’t say it’s not likely for many jobs.”
The former college official told TheDC that, though his college received five different “green jobs” grants from the Department of Labor to train students, no program has been set up yet.
They’re being given to universities and community colleges to train students in technical or associate degree programs to work in yet-to-be-developed fields. Many of the grants are promised to colleges that pledged to push “green jobs” or “new energy technology,” but don’t go into much more detail about how they plan to go about doing that.
That’s ok, when they graduate with their head full of liberal ‘green’ mush they can stay on unemployment for 99 weeks. Stay on their parent insurance dole until 26. And then apply for welfare from the state because they can’t find a job and blame it all on evil Corporate America!
But they will have Obamacare!
Or they could go to China and get a job there. 🙂
So what, it “feels good”!! And it’s not evil Corporate America!!
But even plants that make solar panels (see – http://blogs.forbes.com/williampentland/2011/01/17/u-s-solar-manufacturer-to-u-s-taxpayers-drop-dead-2/?boxes=financechannelforbes) move to China to compete.
“Solar manufacturers in China have received considerable government and financial support and, together with their low manufacturing costs, have become price leaders within the industry,” said Michael El-Hillow, President and Chief Executive Officer, about the company’s decision. “While the United States and other western industrial economies are beneficiaries of rapidly declining installation costs of solar energy, we expect the United States will continue to be at a disadvantage from a manufacturing standpoint . . . Although production costs at our Devens facility have steadily decreased, and are now below originally planned levels and lower than most western manufacturers, they are still much higher than those of our low cost competitors in China.”
After all, the Chinese have the world’s largest collection of solar panel manufacturers. 🙂
So China is making our Over-expensive, not-yet proven-to-be-efficient wave of the future hippie-liberal ‘green tech’ and our “green jobs”.
Talk about “shovel ready”.
They are just Chinese shovels!!
So we have very little industrial base. We have little domestic oil and energy production and our own companies leave because they can’t be competitive here.
Thank you, Class Warfare and Environmentalist Whacko Liberals!
You should be.
But don’t tell the Liberals, they will just have go off in a fit of rage and burst a few blood vessels and have a conniption about the evils of Corporate America, Oil, Wal-Mart, and Big Oil!
They’ll even foam at the mouth and spit poison! 🙂
But don’t worry, The Chinese will undoubtely come up with a cheaper solution for that too.
Just as the Visigoths did. But the big difference is that the Liberals will be handing out the torches!
After all, it’s George W. Bush’s, Palin, Beck, Limbaugh, Republicans, “The Rich”, Conservative’s Fault! 🙂