The Chinese are holding us up!

In the 1970's we made a deal with the Saudi's - arms for fuel. It then became a race between the U.S. economy and the soviet to see which failed first. It turns out that we beat the Russians. Yeah! Our economic collapse was delayed because the west could invest in the east, bring them into the 21st century, great customers. Now, the Chinese have entered the world economic picture and it turns out that they have been holding up our economy. We don't have anything to sell them in return. They have been buying shares in our businesses and keeping them afloat. In order to be their customers, we use credit. Well, things are about to get worse for us financially, rather then better...


The economy is about to turn south for the auto industry. The Chinese are going to start selling cars in the U.S. later this year and early next year. It matters because we have 4 or 5 auto manufacturers, suffering to sell fuel inefficient vehicles. The chinese have over 500 auto manufacturers. That's right, I said over 500. The chinese have 2 billion people. USA has 300 million. In the State-of-the-Union address last year President Bush said that as a nation we need to have a GOAL of graduating 100,000 math and science majors. Last year the Chinese graduated 325,000 engineers. That bubble isn't a goal and it isn't "math and science" it is in fact just engineers. AND THEY ARE ALL WORKING!!! As for the economic race - the US can not compete, we can't even measure up at the starting line. The future is not just out-sourcing jobs to mexico, we are going to become mexico. This madness of consumerism not only must stop, we must pay our bills. If we default, the consequence will be the fall of America. If we get a grip on our "instant gratification" problem and work on paying ourselves out of debt, we could create a future of economic prosperity for ourselves and our progeny. It is a choice. The fact that our leaders are in denial and don't even want to recognize the direness of our economic situation is not a plan to address this issue. If we get responsible, through hard work, we could make a better world. It is a choice.