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Consumption may just be draining our stimulus to China which is lapping them us greedily.. so consumption can’t be driver to get us back on feet
Me thinks you would find fault with White America no matter what we do.
Stick with India and their culture politics. Your only solution for American politics is to talk about how great the Sikhs are, while bad mouthing the white man for protecting his home, person or enforcing the law.
It's been a common pattern of yours since the Neighborhood Prowler, er i mean Jogger got shot thread.
farmer2021 saysConsumption may just be draining our stimulus to China which is lapping them us greedily.. so consumption can’t be driver to get us back on feet
This is a good point I had not considered.
Sending US citizens "stimulus" cash to purchase shit made in China stimulates China, not the US.
U.S. Trade Deficit Widened to Record $71.1 Billion in February
farmer2021 saysU.S. Trade Deficit Widened to Record $71.1 Billion in February
Then we have to recapture all the lost industry to East and South Asia. Billions upon Billions of property and corporate taxes not being paid thanks to offshoring. Then add to it the American Programmer I or II, who should be making a taxable ~$50k, and all those income taxes.
My view on this is:
1) In a close system consumption and production go side by side. As for US as our production is sold by elites to China, Consumption may just be draining our stimulus to China which is lapping them us greedily.. so consumption can’t be driver to get us back on feet.
2) China is aggressively spending on AI and other industries of future and this is right investment..For some reason It is still not obvious of misdirected capital allocation of centralised economy which is norm in past.
3) China wins big by removing Trump and installing Biden to do their biding.
4) Chinese commoners still doesn’t seem to mind being cog in a machine.. There is no widespread dissatisfaction after China crushed people’s movement decades ago.Now whether it is “atom bomb” ready to explode under pressure or is diffused only time will tell.
Unfortunately shrewd communists are hiding their ugly system under “economic miracle mirage” and creating dangers for western system by:
1) Strategically placing agents in western govt.
2) Telling western youth that communism is much better than capitalism.. Crony capitalists and our sold out politicians are helping them big way.The support for communist ideas in youth is all time high.
3) Creating divisive issues in west to cajole people that “central planning and iron hand” works better.
They successfully subdued Hong Kong.. Is west next?
Dark days ahead.
https://www.bloomberg.com/news/articles/2021-04-19/china-s-old-growth-drivers-are-here-to-stay-in-pandemic-recovery