| "Jobs, Jobs, Jobs, that's all we think about," stated a | | | | Sure, we will be increasing exports, but as we do, so |
| Democratic Congressman the other day. I cringe to | | | | will our trading partners leaving us at a deepening |
| think that anyone would put faith in government to | | | | trade deficit. Now then, we cannot blame Obama for |
| create jobs in the private sector. It's alarming to think | | | | all of this, the Chinese/US trade model was based on |
| they are going to spend my taxpayer money to try. | | | | the South Korean and Japanese trade model. If you |
| Doesn't anyone see it? | | | | will recall, those had never been all that great for the |
| The other day, President Obama stated that he | | | | US. |
| would triple US exports. That's a great sound bite | | | | Worse, President Obama will resign a trade deal with |
| indeed, however, if President Obama was impeached | | | | South Korea in order to get their assistance with |
| tomorrow (an excellent idea in my opinion) the US | | | | regards to North Korea's nuclear weapons challenge, |
| would still increase exports or triple exports in the | | | | same with China, we need their help and apparently |
| next couple of years. You see, we have to be very | | | | are willing to look the other way as our trade |
| careful on what is really 'growth' and what is actually | | | | imbalances grow, and as protectionism against |
| recovery. If exports did not triple in the next few | | | | American companies selling in China increases. All this |
| years, I'd be shocked - so too would most of the | | | | so China will help us with Iran sanctions, North Korea, |
| top economists around the globe. | | | | and a few other sticking points. |
| But, as any "politician" with the line of rhetoric, it's | | | | It's all baloney. |
| obvious now that President Obama is going to take | | | | All this is nonsense, just like the ridiculous notion that |
| credit for it, and he's going to claim his "stimulus | | | | a group of academics in the Obama Administration, |
| package" and other spending bills he signed into law | | | | who've never made a payroll are going to |
| along with his international trade policies are what | | | | micro-manage every business in every industry and |
| enabled it. On July 12, 2010 there was an interesting | | | | thus, create jobs. That is about the stupidest thing |
| article in Reuters which spoke of the $153 Billion in | | | | I've ever heard in my life; they cannot be serious? |
| trade with China, and yet, the trade deficit grew to | | | | Actually they are and it scares the hell out of me to |
| $20 Billion in June of 2010. | | | | contemplate that. Please consider all this. |