We needed a war to stimulate our economy and bring us out of recession. But as each day passes we witness the chaos our liberal Obama administration has brought us since that conflict was won. Now we are totally out of control politically, socially, and economically. Are you any better off than you were seven years ago? Probably not, and we're still slip sliding toward third world status. Economically and politically we have lost our leadership and respect in the eyes of the world. I believe it will get much worse until we restore the conservatism and values this nation was founded upon.
China has brought hundreds of millions of its people into the middle class, estimated to be composed of around around 430 million people now. “Today the government is no longer worried about starvation, but satisfying an affluent and growing middle class that wants to eat like Americans.” (source) We can't keep our heads in the sand.
China has produced housing, infrastructures, and goods and services that their own people cannot afford. They need to keep everyone employed to maintain this growth and wages need to increase to afford them the middle class lifestyle they seek. Their main resource is plentiful cheap labor. I believe they are becoming less competitive in the world market place as their labour costs increase and robotics replace manual labour. In the mean time, we need to become more competitive and hopefully we will see a return of some of the manufacturing that has left this country over the past decades. Keep an eye on the central banks as they will influence ours as well as China's future. America is mired in debt and we need to produce more and increase our exports to pay down the debt. America should be exporting oil and more oil products in the future. This and the jobs it creates should help us. OPEC is no longer able to control world oil prices except in a negative way. This is a major shift away from the economics of the early seventies and OPEC. Let us hope we do not squander our opportunity to use these resources to our advantage. Our heads are not in the sand. Conservatives recognize where we have been going (down the tubes) and the need to change course if we are to recover.
Wow.
You must have a truly calloused heart to believe that blood should be shed in order to achieve financial gain.
I have nothing left to say.