What an embarrassment.....
Implicitly acknowledging the decline of American dominance, Barack Obama on Sunday said the US was no longer in a position to "meet the rest of the world economically on our terms".
Speaking at a town hall meeting in Mumbai, he said, "I do think that one of the challenges that we are going face in the US, at a time when we are still recovering from the financial crisis is, how do we respond to some of the challenges of globalisation? The fact of the matter is that for most of my lifetime and I'll turn 50 next year - the US was such an enormously dominant economic power, we were such a large market, our industry, our technology, our manufacturing was so significant that we always met the rest of the world economically on our terms. And now because of the incredible rise of India and China and Brazil and other countries, the US remains the largest economy and the largest market, but there is real competition."
"This will keep America on its toes. America is going to have to compete. There is going to be a tug-of-war within the US between those who see globalisation as a threat and those who accept we live in a open integrated world, which has challenges and opportunities."
What the first Kenyan is saying is that We the People and our children will be competing with Indians, Chinese and Brazilians for jobs, with wages set by these third world sh*tholes.
ReplyDeleteRemember to thank Bill Clinton and the others who started this ball rolling with NAFTA. You were warned. But I guess most Americans where to busy fiddling with there serf collars then, and to used to being SLAVES now to do anything about it.
Pathetic.