Scott Brown Is The Reason We’re On An Export Collision Course With China
By Andy Xie, courtesy of Clusterstock
U.S. President Barack Obama dramatically altered policy direction during his first State of the Union address by announcing plans to focus fully on creating jobs while doubling exports in five years. This could put the United States on a collision course with China’s export strategy. And a head-on crash, possibly centered on China’s foreign exchange rate policy, might occur before America’s mid-term elections in November.
No one wants confrontation, especially at such a critical time for global trade, the world’s recovering economy and China’s property market. But a changing political mood is steering Washington into Beijing’s lane. China can respond by turning the wheel before it’s too late.
The trigger for Obama’s policy turnaround was the defeat of the Democratic Party in the Massachusetts election for a U.S. Senate seat left vacant when Ted Kennedy died.
Read the full article at Caing –>
See Also:
The US Fiscal Problem Is A Ticking Timebomb, And Obama Lacks The Political Capital To Deal With It
The Entire World Is Screwed Without A US Recovery
China’s Mercantilist Policies Are Screwing Us Out Of 1.4 Million U.S. Jobs
