ECONOMIC OUTLOOK

         Since our own economy has tanked, it seems inevitable that the Chinese who continue to have a growing economy, will either own us, or control us unless we start to act now. Since 1978 China has been engaged in trying to catch up with the west, but with the west now in decline, this may happen faster than you expect. President Obama, the benighted* leader of our dysfunctional political system must wake up to what is happening, get his mind off universal healthcare and focus on getting out of the way of our floundering economy so that society can correct the problem. When banks stabilize and people feel secure things will once again start to straighten out. He should realize that China is there, breathing down our necks.

First of all, he must cut spending, all pork should be vetoed by him, from both parties and the “Budget” balanced. He should try to work across party lines, but don’t get upset when Porky Pig Senators from both sides try to sabotage his agenda. Next, he should let the private sector take care of the economy. It has worked before and will work again, if he will only let it function the way it can. Underperforming banks should be either taken over by larger banks or allowed to die. When the ship is sinking the strong will survive and possibly save a few, but the weak may drown, let the weak banks go if they can’t make it. after all, most of us have probably bought something that was not of any use to us.

*I saw this phrase in the “Economist” and just had to use it.