Obama will be very difficult to beat in 2012 with a traditional GOP candidate. His $billion war chest, the bully pulpit, and shear demographics (please don't call me a racist) may win him a second term.
Donald Trump, if he runs, has nothing to lose. He will be using other people's money to advertise his brand. We, on the other hand may have a lot to gain that I do not hear anyone talking about. A GOP majority in the Senate.
Trump is unabashedly asking questions and raising issues that would otherwise never be heard. The 2012 GOP Senate candidates will certainly benefit from Trump raising these issues without them having to.
Who knows? Maybe that has been the plan all along. I do not underestimate "The Donald". Call it sly like a fox or anything else. Donald may be the best the GOP can hope for; 2 out of 3 in 2012 is certainly better than 1 out of 3 after 2010, and 0 out of three after 2008.
Monday, April 25, 2011
Sunday, April 24, 2011
Chinese Debt is a Threat to our National Security
by Evan Hecht on Sunday, April 24, 2011 at 9:28am.
Donald Trump is an unlikely next President of the United States but he has been beating the danger of the Chinese drum since I heard him speak about fifteen years ago in Bakersfield, CA. That was when we owed the Chinese 4% of what we owe them today.
Why did the Soviet Union lose the Cold War? I like this person's answer: "An arms race bankrupted them. We were part of the same arms race but the Japanese, Chinese, Saudis and others kept loaning us money to spend beyond our means."
The US Department of the Treasury statistics state that the US owed China $47 Billion in April of 1998, http://www.newyorkfed.org/research/current_issues/ci4-5.pdf . The Treasury Department now says that as of April 2011 we owe China $1.154 Trillion, http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt .
The US Bureau of Labor Staitstics said our unemployment rate in April 1998 was 4.4%. That department now says that total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force is now 16.2%, http://www.bls.gov/news.release/empsit.t15.htm .
Citizens Against Government Waste put out their now famous ad campaign, http://www.youtube.com/watch?v=OTSQozWP-rM&feature=player_embedded .
Our big government out of control spending, if not curtailed, will be the end of The United Sates of America.
The US owed China only $47 Billion in 1998
The US owes China $1154 Billion in 2011
.
Subscribe to:
Posts (Atom)
