Posted on 04/02/2011 4:49:48 PM PDT by Ooh-Ah
See Video from Greta Van Susteran's show! Bolton skeptical about China’s economy
Just when you thought all Bolton could talk about was foreign policy, he does a great segment on China’s economy vs our economy and debt.
To sum it up, Bolton really doesn’t agree with Trump that we are getting ripped by China. Of course they are cheating and stealing from us in several ways, but he doesn’t agree that China’s economy will out grow the US economy in 10 to 15 years. In fact he believes that all these tales of China’s super-growing economy could be greatly exaggerated.
He makes a lot of good points to substantiate this.
Impressive. I really hope he runs for president!
You have to admit if our economy was growing at the
rate the chinese is there would be people screaming
that it would have to be slowed down before it over
heated. The chinese I don’t think are ready for that
it’s not something they have had to deal with before.
China has extreme environmental factors that prevent growth
beyond certain limits. Such as desertification encroaching
on fertile fields. limited oil supply, limited mineral
supply, etc. China will be like Japan, importing raw materials and exporting manufactured goods.
That means if/when the US fails we take China down with us.
There will be no one to buy off Chinas bad loans, and no one to buy their products.
Their population is too poor to buy their own products, and their will be no one else to buy their products.
China is just part of the worldwide house of cards.
“He makes a lot of good points to substantiate this.”
It sure would be nice if China winds up being a paper tiger...because if they’re not, we’re toast. We’ve completely ignored the steps needed to keep ahead of them and instead engage in wealth-killing indulgences, like building 92 mile ‘high-speed’ rail lines.
Bolton needs to travel more to places like China, India, Brazil. Industrial progress in last 25 years is nothing short of phenomenal. When Mao was in charge, China was dirt poor and severely lacking in industrial knowhow. Today they can manufacture anything anybody any where can. They basically bought the technology cheaply from ever willing western industry. I have personal experience on this because the corporation I worked for sold them engineering knowhow at a ridiculously low price.
China’s economy is a house of cards just like ours... what’s worse regarding the Chinese economy is the simple fact all information flows from a single source the .gov.
At least here in America organizations like Gallup, Rasmussen and the Wall Street Journal can independently verify or as in the case lately disprove the BS the .gov is putting out.
They basically bought the technology cheaply from ever willing western industry.They actually STOLE lots of our tech!
Back in the Clinton 90's (and probably afterwards too) I remember how they would get the plans for a technology, back out on the deal and then manufacture it themselves!
I could never understand why American businesses didn't wake up!
“Industrial progress in last 25 years is nothing short of phenomenal.”
Hey, pal, get with the rest of the FReepers and please STICK YOUR HEAD IN THE SAND.
I make a point of looking at their infrastructure. 6 months ago, they were having protests in some villages. The protesters were on a highway. That was ONE SWEET highway, cleanly paved, marked, and with safety barriers. We have some here, but not many that look like that.
Just to throw some salt into the wound, Michigan is in the process of turning paved highways into gravel roads, as they can no longer afford to maintain all of their paved roads.
We'll take the whole down. I hope it doesn't happen anytime soon.
I wouldn’t mind, if John Bolton does decide to run for ‘12 POTUS. Also, he would be a decent addition to any future GOP Presidential administration, if he’s willing to serve on one, again.
4 X the people of the US.
But,....
1/3 of the strength of the economy of the US.
“I could never understand why American businesses didn’t wake up!”
It’s called profits and bonuses. The same reasons they were working with Nazi Germany in 1940 and 1941. They figured Europe was about to (completely) fall to them, and wanted to get a piece of the action.
While we’d just love businesses to look out for the interest of the country, they are simply UNABLE to do that. It is up to the government to set and maintain the needed rules...like it or not. It’s sad, but that’s life.
I think Trump is down on China because they got the best of him. The Donald, the deal maker can’t stand it and as a result downs China every time he has a chance.
Out of the Provence of Manhattan, the donald is out of his league
To summarize, China is.
China is a Fascist, State Capitalism, whatever the hell you want to call it, state, and that NEVER works, not in the UK, not Japan, not Russia, and sure as hell not here.
The problem isn't China's strength but our weakness, (AKA Ubama and the Looters) if we can kick Ubama's ass to the curb and pry some of the Leech's off (The Federal Government workers,Social Security, Medicaid Et Al) than America will kick ass once again.
The Problem is that the Looters won't willing give up their free ride, as in Wisconsin, and that WILL lead the US to some very scary scenarios (hence my tag-line)
The Oone true adtvange China (and Japan) does have over the US, is the fact that they are a Homogeneous society, while America can be so easily divided along sectarian lines.
(Although I do wonder how China expects to keep their "Social Security" funded, because, as we see in places like the UK, that won't last forever.)
“To summarize, China is.”
...and the US was.
How sad.
Funny you would resort to Ayn Rand’s “Looters” in this instance.
What do you suppose she would term supposed captains of industry who have decimated entire sectors in the United States in order to build up the industrial might of a communist country like China, while still expecting to sell their goods overwhelmingly back to the Americans they’ve thrown out of work?
Looters. That’s what she’d call them. No friend of communists, Ayn Rand. She knew them first hand.
Because American business is basically honest.
Chinese business is as slanted as it gets.
“Although I do wonder how China expects to keep their “Social Security” funded, because, as we see in places like the UK, that won’t last forever.”
Being that type of government, they have lot more options than we do.
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