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A Study in Contrasts
Posted by Randy | November 20, 2009

Consider the following facts:

 

-          In response to the global economic downturn, China has made a focused investment in roads and infrastructure to stimulate their economy, while the United States has relied on short term bailout and stimulus packages that borrow money for corporate bailouts and social programs.

 

-          While China continues to build up and modernize their military force, our Administration is focused on reducing our carrier fleet and has refused to submit a shipbuilding plan as required by law.

 

-          And while our national debt continues to explode, China has strategically bought up more of our national debt than any other country, thus strengthening their bargaining position.

 

This week, the U.S.-China Commission released their 2009 report on the People’s Republic of China. As founder and chairman of the Congressional China Caucus, I look at these annual reports closely.  This year’s report highlights that fact that China remains the most aggressive country conducting espionage against the United States. They lack regard for transparency, product safety, and intellectual property rights, and their currency manipulation has greatly contributed to global trading imbalances.

 

I’ve long argued that China’s actions warrant concern.  I continue to argue so, but I believe equally that the actions of the U.S. warrant great concern. Our national leaders must not wait in developing a cohesive strategy to ensure that China works towards becoming a responsible and cooperative global participant.  But they also must not wait to make clear and concerted efforts to address the runaway spending, ballooning debt, and weakened national defense posture that have marked a recent path toward deteriorating economic, fiscal and strategic security on the global stage.
Comments
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • Jennifer Heartland commented on 12/2/2009
    i agree with your post, only a great mind will come up with this. already bookmarked it for future reference.
  • Brenda Dain commented on 3/12/2010
    China has a big upper hand!! They make everything the U.S. uses!! Stop outsourcing U.S. jobs to China and other countries! There are millions of people here in the U.S. ready, willing and able to work!! Bring our jobs back home!!
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