Wednesday, October 19, 2005

Better start brushing up on my Mandarin

Okay, considering the following:

America's debt to China grows daily as the war in Iraq drags on
China has a population of more than 1.3 billion
China will be the world's largest market for automobiles in the next decade
China could be the world's largest exporter by 2010

. . . I think it's safe to say that this little maneuver will go down in history as the last throes of an obstinate, arrogant superpower as it begins to lose all hold on global domination and is slowly overtaken by the new economic juggernaut in Asia.

The Neocons messed up here- although it's hard to say that any forethought may have saved them. They forgot that while "resolve," "democracy," "liberty" and all that are great poetic concepts, they don't pay the tab when the bill comes for anti-aircraft missiles and Humvees. They spent away any promise of continued dominance, and continue to spend away any hope for reassertion as they keep taking out loans from the Chinese.

Add to this the dominance of America's Anti-Science Right and you have a recipe for decline.

No innovation. No money. A stubborn refusal to commit to the use of new energy options (while China makes this a priority). I can't help but think this is all leading us down the same path that porous borders, lead pipes, inbreeding and barbarian influences led the Romans.


  1. The budget deficit for fiscal 2005 was the third largest in dollar terms. Here are the five largest deficits on record:
    2004 — $413 billion
    2003 — $378 billion
    2005 — $319 billion
    1992 — $290 billion
    1993 — $255 billion

    Things have been worse, we still have a chance, not all dominance is lost.

  2. The deficit has been higher- you're certainly right about that. But the deficit itself only paints part of the picture.

    The creditors in this situation are also worth exploring. China is among America's largest creditor nations, and we continue to get loans from them to finance the war.

    The reasons for the deficit are also a problem. The war is not presenting the return on investment that the administration hoped for.

    Finally, the speed with which we went from a surplus to a deficit is also problematic.

    The deficit has certainly been higher before . . . but the actual dollar amount is not nearly as alarming as the peripheral situation that surrounds it.

  3. our "loans" from china are not strictly to finance the war (which i am against). they are also to rebuild after katrina, put new infrastructure into place, pay off other debts, and a million other things.

    more important things to be looking at include how much the dollar is worth and u.s. citizen credit debit (we are now in the largest consumer credit bubble ever, by far, way far).

    but don't be scared of china. yet.

  4. I did appreciate the Daily Show's throwing into relief the contrast between administration's attitude towards China (mewling, conciliatory...dare I say, appeasing?) and its churlish, belligerant sabre-rattling towards, say, Iran and other, smaller countries.

  5. The royals, too! We're letting the exec branch shut down all other branches, so we have a court. A sure sign of trouble.