China's Real Monetary Problem - WSJ.com

Q&A, A BETTER SOLUTION:China's Real Monetary Problem - WSJ.com:

Brad writes:
Everyone will have a different opinion on what went wrong with the theory that if we opened up our markets and had free trade with China we would be able to sell American products to China's one billion population.
None of that happened. Instead American surrendered it's manufacturing capacity to a socialist country.


Answer:
"What you might give some thought to is why the US is moaning about China instead of doing positive things to enrich America.

There is no reason America should not be growing and rich with jobs - right now!

But the policies of both administrations, Obama and the Democrats coming later and acting even more stupidly, is of course making a problem worse and worse by the day.

The US needs to open itself up to being business-friendly. This includes regulatory, investment and immigration friendliness. It is doing the exact opposite (and in terms of immigration policy, the Republicans are the worst offender!).

In terms of realizing that it takes capital to create new businesses, Bush was right on with tax cuts. But, he also failed to rein in entitlements. This includes public union benefit packages, which are out-of-touch with the rest of the economy.

Right now, the Democrats are borrowing way beyond the country's means to further expand and extend entitlements of all kinds. This is exactly the wrong policy!

The US has all the potential to compete and create jobs; but, the economic ineptness of the administration and the Republicans is holding back and wearing away that potential. And, while the Republicans may have 'some' clue as to what is going on; the Democrats clearly have 'none'!

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