IS AMERICA GOING TO THE DUMPS? PART TWO

Here was my rebuttal:

“This is more of a theoretical argument than anything. I tried to look up these figures before but I haven’t found any. Perhaps if I ever go back to grad school. Your father is right in terms of his attacks. The US at this time is currently in huge world of shit however, regardless of how you see it, the American corporation is essentially the American economy. Yes the economy is running into problems caused economic problems associated with trades, overspending and debt yet it’s difficult to argue against the state of the American corporation at this time. You have to see where the flow of money is going to be going in the future:

1. China will have to let the currency flow more – Giving more strength to other currencies including the dollar
2. The industrialization of the world will lead to further growth of American product overseas because regardless of how shitty we are and how we are hated, American culture is a commodity that people around the world still want.
3. Our debt problems and spending problems can be fixed through our political system. We’ve done it before. That is the special thing about America – the resiliency. http://www.uuforum.org/deficit.htm
4. We have our feet in every single country in the world. As the world grows, we have a hand in the growth through corporations. The taxes from this growth will eventually flow back to the US.

So the argument is not if the US is shitty right now…it so is. The argument is whether the US will stay shitty. I don’t think that will continue. China is as dependent on the US as the US is dependent on China. Does China have more politcal problems or the US? The stability of the US will eventually dominant if there are any global problems. Civil war in China is much more possible than civil war in the US. There is not doubt that in any global catastrophe that the US will always be the safer investment but yet again, it’s a theoretical argument.

But in the end, it’s the argument can go back and forth whether the American corporation can save the economy. It depends on the figures. How much are we making overseas compared to domestically. The percentage of international revenue is growing much faster than domestically benefiting from the global growth. American brands are the worlds most widely recognized http://www.cbo.gov/ftpdocs/81xx/doc8116/05-18-TaxRevenues.pdf . The problem is we spend too much because of this war and retarded administration that will surely change after this term. The fix will take decades but it’ll eventually fixed. Ridding of debt and running a surplus will support and strengthen the dollar. That’s the only way but even America at these darks times are not dark. For the last decade almost (the same period that the dollar has dropped so much), we’ve been lead by the Bush Administration that created a deficit by spending way too much.

In bad times, people only see the negatives (US). In good times, people see only the positives (Shanghai) – Not a poke at anyone – just looking at the other perspective because we all know China is still the growing faster.”