On August 1, 2010 this blog stated:
“We are in the midst of a Great Recession that could have been a depression. The net worth of all Americans were affected negatively, as has their optimism and willingness to go on spending binges as they have over the last several decades. Controlling the binge is a good thing; however, it means that we must find another engine for our growth rather than the American consumer. The good news is there is a new engine, and an established one, that will drive us to prosperity again.
The new engine is exports. The rest of the world is rushing to catch up to our life style and wealth. They want to consume and someone is going to fill their desire. People throughout the world are looking to increase their consumption of goods and services. If we do not meet this demand there are other nations clawing to fill their needs. These consumers are in
China, Iran, Southeast Asia, India, Pakistan, Eastern Europe, South and Central America, Africa and the list goes on and on and on…...”
Exports will only work if there is indeed free trade with the rest of the world.The
is not practicing free trade. China is artificially keeping its’ currency low. As a result, it is more China
expensive to buy goods from the
then it should be. Chinese goods for Americans are artificially cheap. This results in Americans, and the rest of the world, buying more goods from US then they would if the Chinese currency was valued to the market. China
Other free trade issues need addressing. For example,
Japan places a very high tariff on cars that we export to . This also has to change. Japan
After World War II, the
defended the free world at great financial cost to this country. We also assisted the free world in getting back on its economic feet. That was then; this is now. We are proud of what we did to help the world to recover from the devastation caused by World War II. We were equally proud of what we have sacrificed to help our allies get back on their economic feet. What we did defines who we are. We are a caring, loving and giving people. We would not want it any other way. United States
Many of the countries that we have helped, both economically and defensively, are now some of our biggest economic competitors. If we want to prosper, we can no longer subsidize their defense and accept unfair trade restrictions. It is unfair of them to expect us to continue doing so.