American Dream Pushed Down the Hole… The China Syndrome

by Scott Creighton

In order to keep China from pulling their money out of the country, the Clintonistas and Friedman Free-Market zealots of the Obama administration are selling out the middle class and working poor of America. They are putting our workers on par with those of China, Indonesia, Thailand, and Mexico.  I call it The China Syndrome.

(click on image for larger view)

[caption id="" align="alignnone" width="451" caption="Unemployment/Job losses/Corrective Measures"][/caption]

When the TARP bill was being debated in Aug of 2008, one congressman came forward and admitted that the head of the Dallas Federal Reserve had testified that the credit freeze had been demanded of them by the then current administration and the New York Federal Reserve Bank, a position then held by Tim Geithner.

A majority of banks tightened their rules for granting loans to businesses and consumers. The survey shows little appetite at banks to lend for home mortgages, credit cards, home equity loans, commercial real estate loans, or commercial and industrial loans.   Aug. 2008 Market Watch

Geithner, grew up in Thailand and speaks Chinese and Japanese,  worked for Kissinger and Associates, is a Senior Fellow at the Council on Foreign Relations, worked on projects for the International Monetary Fund, and helped to “manage” financial crisis’s in Indonesia, South Vietnam, Mexico, and Brazil. All of those had Chicago School type economic “free-market” “bricks” slammed down on the general population. He has personally been involved in government actions involving Bear Sterns, Lehman Brothers, AIG, TARP, and the Stimulus Bill. In short, he has been involved in every part of the largest transfer of public wealth this nation has ever seen. All of it was done as a reaction to an economic “crisis” that had been manufactured for this specific reason:  to reduce the standard of living in the United States to that of other 3rd world nations.

As Geithner suggested in a speech Monday at Peking University and in public statements, the US administration’s strategy is to slash social spending and permanently reduce so-called “discretionary spending” by the American people (meaning the “standard of living”)…

“Consumer spending in the United States will be restrained for some time relative to what is typically the case in recoveries,” (Geithner) said, adding, “These are necessary adjustments. They will entail a longer, slower process of recovery, with a very different pattern of future growth across countries than we have seen in the past several recoveries….

In return, he called on China to provide the US with “increased opportunities to export to and invest in the Chinese economy.”   Grey from American Everyman

Hillary Clinton’s first trip overseas as Secretary of State was to China.

“Now it is more important than any time in the past to deepen and develop China-US relations amid the spreading financial crisis and increasing global challenges,” Hu told Clinton, according to state media. Breitbart

Obama appointed  Jon Huntsman Jr.,  as our Ambassador to China.

In China alone the Huntsman Corporation has at least 19 plants and offices.