Tag Archives: apec

Business/Economics

Obama tells another big lie: Off shoring U.S. jobs creates U.S. jobs?

10 November 2014 (02:46 UTC-07 Tango)/17 Muharram 1436/19 Aban 1393/18 Yi-Hai 4712

At today’s meeting of APEC (Asia Pacific Economic Cooperation) leaders, Barack Obama straight up said that the creation (off-shored from United States?) of billions of jobs in the Asia Pacific region “supports millions of jobs in America”!

In 2012, a Economic Policy Institute report revealed that between 2001 and 2011 an impressive 2.7-million U.S. jobs were off-shored to China!  That’s 2.7-million jobs destroyed, not “supported” mister ‘president’, within the United States!

In 2011, the Equipment Leasing & Finance Foundation estimated that the adoption of new standardized business leasing rules, between Asia, North America and Europe, could kill off another 190-thousand to 3.3-million U.S. jobs!  (is this the real reason traditional brick-n-mortar stores are being shutdown?)

Apparently the Obama regime thinks by making things easier for Asian countries to do business with the U.S. that it will result in more U.S. jobs.  Anybody remember NAFTA (North American Free Trade Agreement)?  Remember the independent presidential candidate who said there would be a “Giant sucking sound” of jobs going to Mexico?  Turns out that NAFTA was directly responsible for killing off 1-million jobs in the United States!

A recent report says not only did NAFTA not keep any of its promises for U.S. workers, but it actually did the reverse; it destroyed the U.S. economy.  The report warns of even more dire consequences as a result of the new Trans-Pacific Partnership (TPP).

The TPP is one of many trade deals being considered by the United States and APEC.

During Obama’s APEC speech, on 10 November 2014, he repeated a false claim that he made the day before during a CBS Face the Nation interview: “…we’ve created more jobs in the United States than every other advanced economy combined since I came into office.”

Obama is insane!  He’s obviously suffering from what I call Marie Antoinette-ism.  She’s the queen who had her head cut off because she actually thought the French economy was great, even though starving and dying mothers and their children littered the streets of Paris!

According to a Tampa Bay Times report, Barack Obama isn’t even close to being correct about his claim to have “created more jobs in the United States than every other advanced economy combined”!

The journalists used International Monetary Fund data to show that the U.S. has not created more jobs than other ‘advanced’ economies, in fact it’s the other-way-round!

Why is the president of the United States so incredibly out of touch?

Business/Economics, International, U.S.

What Economic Recovery? U.S. officials say Asia is our only hope; then all is lost

“If we are going to move out of this recession, Asia is going to be part of that equation. Asia is where we are going to grow.”–Ernest Bower, Southeast Asia Program at the Center for Strategic and International Studies

Next week the 21 members of the Asia Pacific Economic Cooperation (APEC) will meet in Hawaii.  There U.S. officials are expected to bend over to make economic deals with Asia countries, that’s how desperate the situation is for the United States.

Ron Kirk, U.S. Trade Representative, said the main concern for the U.S. is resolving issues that affect U.S. exporters.

Last week the U.S. Congress approved a free trade deal with South Korea, however, the people of South Korea are against it and have been protesting ever since.  It’s obvious governments are not going to do what their people want.

If the United States is hoping that the countries of Asia, and the Pacific Rim, are going to pull us out of the ‘recession’ then all is lost:  Japan’s economy is a house of cards that’s already collapsed. China is focused on controlling inflation which is reducing consumer spending there. Vietnam, India, China, Japan and Philippines are facing off in what could turn into a war over oil rights in the South China Sea.  Australia’s main economic partner is China, and Australia is expanding its naval power in the hopes that the U.S. Navy will be forced out of the region due to economic hardship.  Japan and Russia are nudging closer to war over islands just north of Hokkaido.  And the U.S. has already lost it’s economic advantage in South America.