~ Where the Sun Will Never Set on Our liberty ~
The Fiscal Cliff or the Fiscal Abyss?
by Chip Jones on December 4, 2012
Almost without notice in the media, our President was given one of the most significant and ominous beatings an American President ever took on November 20. In a moment eerily similar to, but vastly more significant than, his loss in the negotiations for the Olympics, where he tried to secure the 2016 Olympics for Chicago, President Obama attended a summit of the Association of Southeast Asian Nations to sell his concept of a US-based Trans-Pacific Partnership that excluded China. His motives for excluding China are unclear. But he certainly has had significant issues with China’s role in his covert plan to strengthen Muslim Brotherhood backed nations in the Middle East and to support his only international friend, the Prime Minister of Turkey.
This plan had no positive result and, in fact, dealt us and our global economic future a serious blow. It is fairly commonly understood that, to truly back away from the so-called “fiscal cliff”, we must grow our domestic and international economy. We must have vibrant products and a willing overseas market to purchase them. We must have innovation and cutting edge technology.
Instead, quietly, Barack Obama was dealt a serious blow in Phnom Penh. Rather than partnering with almost three billion citizens of the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand formed an alliance that excluded us. What is the impact of this? Let’s take just one fact into consideration and allow the fiscal hair to go up on our national neck. Since the international recessionary trend began in 2008, US export revenues have remained basically steady at $100 trillion dollars. During these same 4 years (that happen to coincide with President Obama’s residence at 1600 Pennsylvania), Asia’s export revenues have gone from around $350 trillion to a whopping $550 trillion, a 57% increase. In the same period, socialist leaning Europe remained steady as well.
From a President who, campaigning for his first term, assured us he’d improve our overall stature in the world, is this acceptable results? Or has he taken us past the “fiscal cliff” into the “fiscal abyss”?
Hat Tip: @CWJonesIII