Taken from a Blog post of Bill Balsamico,
AS CHINA ROLLS TOWARD WORLD DOMINANCE
Posted on December 6, 2010 by iceman
While America’s 535 idiots +1 continue to arm wrestle and waste precious time over CONTINUED TAX CUTS (which should be a no-brainer) and Illegal Immigration, just to name a few problems, the larger issues are not even noticed. This administration wants to tax the hell out of energy, cut back on coal usage, natural gas, nuclear power development and oil production. That leaves wind and solar (which account for about 4 % of our energy needs). That’s a PERFECT GOVERNMENT FORMULA. Then they can create $20,000 GREEN JOBS at a cost of $250,000 each, and brag about it. Our troubles started about 60 years ago with the trade agreements our government put in place. In 1954 Japan really opened the door for importing foreign products with the development of the pocket size transistor radio, the size of a pack of cigarettes (American companies were making them, but Japan perfected them). After the revolution of the transistor radio America became RIPE for foreign imports of all sorts and every President kept opening the IMPORTING FLOOD GATES more and more with UPDATED & BROADER TRADE AGREEMENTS.
As America consumes more and more of foreign goods our ECONOMY and JOBS continue to shrink. As our economy and jobs shrink the rest of the world continues to grow (you guessed it———- at our expense). Now enter China continuing to grow (quietly and un-noticed) in LEAPS AND BOUNDS. As they grow they do what is necessary to keep up and maintain their success, they don’t let tree huggers smother their growth. A few years ago China made a decision to put up 50 nuclear plants in 10 years to accommodate their growth. They contracted a lot of the nuclear talent from Westinghouse. About a year or so into the project they changed their growth plan from 50 plants to 100 plants to be on line in that same 10 year period. Do you realize that when the project is complete they will have averaged approximately one nuclear plant per month in a 10 year span. That is amazing considering it takes America about 7 years to maybe get a permit for 1 nuclear plant. Just last week Obama announces a 7 year freeze on oil drilling in the Gulf, this means MORE JOBS leaving the country (plus gas went up 12 o 15 cents after the announcement—another successful decision to give the Arabs more of our money).
If our government don’t take off the gloves, grow a set of balls and attack our problems head on China will eat us alive. Both sides of the aisle talk about creating jobs. Other than POLITICAL BULL-**** what does that mean? Does that mean more jobs at McDonald’s and Wal-Mart, because that is not the answer. The real answer lies in creating incentives for the opening of manufacturing and manufacturing jobs, building nuclear plants, oil jobs as well as getting more natural gas and oil. Just think about it “NATURAL GAS and OIL”—they are in the ground for a reason, not to sit their while we make other countries rich because we are to stupid to utilize OUR OWN NATURAL RESOURCES. Remember in the 19th and early 20th centuries the tree huggers were not around holding back progress and we became the INDUSTRIAL GIANT OF THE WORLD.
Not only does the American businessman have an uphill battle competing with overseas companies, most don’t realize that a foreign-non citizen that starts, or buys a business (example–middle eastern owns a convenience store) receives a 5 year PASS on taxes. So after 5 years they sell the business to their relation and the cycle starts all over again. To me this is nothing short of FOREIGN BUSINESS WELFARE. In the early 80′s our Pa. governor cut a deal with Volkswagon–waving all taxes for 10 years and at the end of ten years VW closed the plant, said Auf Wiedersehen and walked away with all the money TAX FREE. A few years later another governor made the same deal with Sony, you guessed it 10 years later Sony said saionara and walked away with all the money TAX FREE. Dish network was yet another example. It’s no wonder Americans have a hard time competing in business both HOME & ABROAD.
Just one more little gripe I have when General Motors went public Main Street got nothing (but why should we, it was only our tax dollars that saved their ***). Wall Street made out, the UAW made out, China and the Arabs got about 17 % of the stock, I still don’t understand the Chinese and Arab move. The government still owns about 59 % of the stock and my prediction is when the government “QUIETLY” sells back its 59 % don’t be surprised if China and the Arabs don’t end up “MAJOR SHARE HOLDERS”. It would be very interesting watching the UAW try to maintain a contract with CHINESE OWNERSHIP.