Free Republic

Here’s a fact that ought to startle every American who assumes that because we spend nearly $1 trillion each year on defense, we have primacy over our emerging rival, China. “Over the past decade, in U.S. war games against China, the United States has a nearly perfect record: We have lost almost every single time.”

Diplomatic tensions surrounding disputed territories in the South China Sea could escalate dramatically following reports China is now putting weapons on its artificial islands in the area. Australia’s defence force is considering joining the U.S. in flying and sailing “freedom of navigation” missions over the disputed territory, where China has been building islands by dragging sand from a reef and piling it up to create structures now being monitored by satellites. Fairfax Media reports the Australian fly-over expeditions may occur as a result of heightened concerns that China is enhancing its military capabilities and reach across the maritime expanse.

The power vacuum created by the Obama administration’s withdrawal from world leadership and resistance to tyranny is not only being filled by the Islamic State and its terrorist affiliates like Boko Haram and state sponsors of terror like soon-to-be nuclear Iran but also by an increasingly belligerent and resurgent China. China’s State Council, the Communist giant’s version of our cabinet, has issued a policy paper declaring that Beijing is facing “a grave and complex array of security threats” that forces it to switch its strategy from defense to offense and that as a result China will increase its “open seas...

NEW YORK The relationship between the United States and China is beset by ambiguity. On the one hand, seven presidents have affirmed the importance of cooperative relations with China and a commitment to a one-China policy.   Nevertheless, ambivalence has suddenly re-emerged. Various U.S. officials, members of Congress and the news media are attacking China's policies, from the exchange rate to military buildup, much of it in a tone implying that China is on some sort of probation.   Before continuing on this subject, I must point out that the consulting company I chair advises clients with business interests around...

In May, the Bush economy eked out a paltry 73,000 private sector jobs: 20,000 jobs in construction (primarily for Mexican immigrants), 21,000 jobs in wholesale and retail trade, and 32,500 jobs in health care and social assistance. Local government added 5,000 for a grand total of 78,000. Not a single one of these jobs produces an exportable good or service. With Americans increasingly divorced from the production of the goods and services that they consume, Americans have no way to pay for their consumption except by handing over to foreigners more of their accumulated stock of wealth. The country continues...