|Sent on:||Wednesday, April 22, 2009 2:09 PM|
Some of you asked me question about my previous statement regarding ���China accomplish American's three generations achievement in 30 years���. I borrow it from Bush���s labor chief Elaine Chao speech on 12/8/2008 ���Reception Honoring the 30th Anniversary of Reform in China���. Her original words is ���And while some may say that China has not changed enough, others can fairly and accurately say that China has changed more in 30 years than in our three generations.��� She didn���t point out the fact that China should thank USA helped China be member of WTO, it���s the starting point of Chinese economic success. 60% of China economic is export driven and almost 70% of America economic is consuming driven. American government and American���s debt are the engine fuel up other export oriented countries��� economic growth. American cut back on spending have created tremendous pressure of other countries exporting industries. There is no replacement of American consumers on this planet when it comes to seemingly outrages spending behavior(Thank God!), America shouldn���t open her market to those who play unfair trade game. When WTO was born America was the largest exporter and creditor, Now America is the largest importer and debtor, the dominated position of technology is quickly vanishing. America have found ourselves in a dark corner about international trade dilemma. When we buy ���Made in China��� on daily basics and fuel our cars at the pump for foreign oil, massive wealth are transfer from America to the east. Mr. T. Boone Pickens refer this as ���largest wealth transfer in human history���. Go to China, Russia and some middle east countries look at their state of the art infrastructure and the drastically improved life style compare to previous generation, you will know where your money went and what���s your credit card debt have paid for. Our dependence on foreign made product and foreign oil should stop before time is running out. If you trust US government will do the right thing, good luck with that.
The foreign obligations mentioned in my previous email, I believe they can bleed America to dead if we should continue. American shouldn���t pay for fix the world���s problem. Especially they are all thankless jobs.
The smartest and the brightest Chinese serve in Chinese government, they are very keen for learning from the west and contribute their talent to the good of China. Our smartest and brightest serve in Wall Street only care about their personal wallet, privatize profit and socialize lost. Therefore it���s unfair game for Americans only focus on China human right, animal right, religious and speech freedom, these problems have to be solved from within not from outside pressure. I would think American should focus on what Chinese have learned from them and do a better job than them in order to stay competitive. When American finally transfer their love of competition from sports to international economic race, this country will have hope for economic recovery.
I have said enough about politics and philosophy, it���s time for me to shut up and enjoy dumplings and summer season outdoor activities J