As the economy recovers « DavidCadogan.ca Forums

DavidCadogan.ca Forums » DavidCadogan.ca

As the economy recovers

(1 post)

Started 10 years ago by mfjjHb4q3

Tags:

mfjjHb4q3
Member

 Obama letter Xiaodan Alpha Wu Di eyes wide open once again saw the mail signature, Barack Obama. Yes, Barack Obama, the US president. Wu Di said he was stunned. The Beijing Huijia Private Schools in China do economics lecturer young people are our passion manuscripts author,http://www.0391114.com/forum.php?mod=viewthread&tid=755909, most recently two months, he collected a lot of money, and business data between the two countries, would like to use these data demonstrate that Sino-US currency war and trade disputes between the two countries is a hit. Immediately, he had this idea: Give Obama a letter, explain their views. Wu Di in Obama's letter said, a true nationalist must in some way be an internationalist, because the prosperity and stability of a large country is absolutely impossible to build in the destruction of its main trading partners and creditors collapse above. He added that multilateral currency appreciation in the trade surplus with the United States, under the guidance of, rather than a unilateral appreciation of the RMB is the solution to global trade imbalances win-win way, the only way to ensure a steady global economic recovery, in order to to ensure free trade and global prosperity in the next decade. Now, Obama wrote back. Mr. Wu Di Hello: Thank you for your letter to me. Every day I can hear the struggle in the crisis in the American public worried voice. Their story inspired me to work harder to ensure that all Americans are able to find work to support the family, support community. Listed below are several steps my government to help hard-working American people through this difficult period taken: 1. to create jobs and economic growth To enable us to stand up again, my government has taken some important steps. Our economy has returned to growth, but the kind of large-scale unemployment in the last year, the momentum has clearly reduced. These are the future prospects of a good sign, but I know it all for those who can not find jobs or risk losing ownership of Americans may not bring any comfort. Therefore, we will spare no efforts to work hard to accelerate economic recovery,http://addon.discuz.wwzzs.com/forum.php?mod=viewthread&tid=22876&fromuid=276, promote economic growth, improve the government's accountability and transparency. 2. Promoting rigorous Wall Street Reform Far too long since,http://hyper5.amuser.net/~youknow/limelight/kobato/bbs6/custombbs.cgi/, Wall Street firms do not responsible for their destructive behavior, lack of transparency in financial transactions,http://kujiraduki.fakefur.jp/new/apeboard_plus.cgi?command=read_message&msgnum=70/, consumers and shareholders have not been given enough information to make a decision and initiative, the government has no appropriate policy tools to close business failure financial institutions, always passively using taxpayer money to rescue them. This is why I went to Wall Street before the crisis,moncler femme, calling for financial reform to protect the American people and our economy; this is why I am proud to have signed several decades the most comprehensive financial reform bill, including the United States ever Strict Consumer Protection Act. The Wall Street reform will give hard-working American people - from first time buyers of home or send their children to college for the first time parents; to law-abiding small businesses, community banks and credit unions; to expect investment Growth shareholders and investors - to a greater sense of security. Through the unlawful and fraudulent business practices punish, these reforms will guarantee the American people will not be fines and unfair overdraft interest rate increase impact unknowingly, will guarantee loans for students to get the exact reading loan information, will ensure that credit providers operate legally, not just squeeze the system, and this reform is still the case of the US consumer loan applications rejected or interest rates are raised to help them free access to their credit rating. Because these reforms, the American people will no longer be irresponsible Wall Street speculation negligence pay. Never to use taxpayers' money to rescue financial institutions business failure. By lay a stronger, safer, more innovative, more competitive basis the financial system, our country will have a more stable and prosperous future. 3. wrongful termination of the credit card company My government is to help those credits were lowered under no conclusive reason, the interest rate was raised consumers. Last year, I and the Congress cooperation through the "credit card accountability, responsibility and the right to information Act." The bill landmark came into effect in February this year, will ensure fairness in the credit card business which, transparency and accountability. The Act requires credit card companies to pay the credit card holder definite timetable and the corresponding interest expense. Raised interest rates and credit terms have retroactive effect sudden change in behavior since been terminated. These reforms will significantly help the American people and businesses realize their goals. 4. Help homeowners Many Americans are facing the danger of losing their homes. Mortgage crisis poses a serious threat to the realization of the American dream, the health of family stability, community and our entire national economy. Although there are many Americans to get help, but there are too many Americans can not be re-lending or loan corresponding adjustment. The crisis not only seriously affected the housing prices nationwide, but also seriously affected the ability of American consumers to obtain credit to purchase a car, pay for college tuition and business entrepreneurship. 5. To help struggling American families As the economy recovers, we must continue to help those unemployed due to the unsustainable family life. Every day, I will meet with my economic advisers, to ensure that we make every effort to create good jobs and help the American people support families and achieve their American dream. In terms of job creation, my government to focus on the industries can not be outsourced to provide job skills training. Newly unemployed workers receive unemployment benefits, while you can also get to continue further study or skills training opportunities, including Pell grants for lower application threshold. In order to encourage American companies to create jobs at home, I'm repeal some of forcing companies to outsource the job of tax law, will be replaced encourage businesses to hire Americans incentives. Work together, we can help more Americans find, retain good jobs and enjoy a high quality standard of living. Although the US economic prosperity will take time, but I have full confidence in this crisis out of the US is more powerful than ever before. Thank you for your letter again. Sincerely yours Barack Obama Wu Di to Obama's letter: Dear Mr,air max femme. President Recent conflict between the US currency has put the world onto the periphery of the global trade war. On this issue full of mainstream international financial media are some political option motivated rehash and chauvinistic clamor. Almost only one voice in the future of Sino-US economic dialogue in this matter and even the global economy. In this context, no wonder that in the United States to China as a trade deficit and employment predicament main or even the only culprit argument rampant. If the dialogue which only one voice, then this would be wrong to embark on a dialogue rather than confrontation between the direction of communication, such a conclusion is bound to exchange dialogue both with devastating results. Right now we are talking about this conclusion is that the Sino-US trade war. Mr. President, People's Bank of China has promised to let the yuan float more freely mechanism. China as a responsible big Congress to assume their responsibility for global trade imbalances, a gradual appreciation of the yuan no suspense. If not, China will face isolation in the post-crisis era, it's a big country and Chinese demand is not met. So we should believe that this sincerity, wait and see. RMB appreciation is a gradual process that takes time, but time is precisely the many faces mid-term elections things politicians do not,http://maximum.room.ne.jp/bbs/yami/yybbs.cgi/http:/yybbs??U?��??I?, so they have an incentive to look for scapegoats. However, Sino-US relations for the US economy, many American companies, for political legacy that you will leave the four-year presidential term have great influence, it can not be easily sacrificed. In fact, a significant appreciation of the yuan does not relieve the plight of the US economy is currently facing. First, regardless of the geometry of the RMB exchange rate, if the United States does not deal with the aging of the low savings rate issue, and the dollar's status as the world currency arising out of neglect and over-reliance on the financial sector of the manufacturing sector,nike air max 90, the United States Unable to resolve the problem of the huge trade imbalance. Yes,http://atlantic.gssc.nihon-u.ac.jp/~committee/member/comchat1/comchat.cgi, Wal-Mart's many products are made in China, but the US trade deficit in terms of the structure is indeed made in the USA. If oppressive manner by RMB appreciation,parajumpers homme, it's just the hands of China's trade surplus transferred to the hands of other trading partners, the United States itself is little help. Second, the United States does not solve the deficit problem before the runaway well, the United States can not afford a long-term weakening dollar policy. World currency status of the dollar is the only obstacle standing between the federal government and a Greek-style debt crisis. Ask if the dollar lost its credibility reserve currency,http://www.qg0771.com/forum.php?mod=viewthread&tid=2967691, the federal government will be how to pay the debt. The collapse of the dollar as world currency status to short speculative predators who will become the biggest ever speculative feast. Many speculative predators is a US citizen, but if speculative capital have citizenship, then their country is only one, that is profit. Third, the sharp appreciation of the RMB will greatly weaken the United States rely on credit support needs. The US economic recovery and job creation of the biggest problems faced is that weak demand. Before the strong renminbi create any jobs, many dependent on Chinese goods (such as Wal-Mart) jobs will be lost out. On balance, may outweigh the benefits. Fourth, a strong renminbi will interrupt the process of Chinese economy from export-led to consumption-led transformation, weakening Chinese demand for US products. China is now a major US export growth is the fastest engine, while US exports to China mainly to meet the needs of manufacturing capital goods. How China's manufacturing slump how US capital goods exports and employment beneficial? Fifth, the sharp appreciation of the renminbi will threaten the basis of the central government to build a harmonious society. Structural unemployment, depression and a large area of manufacturing will bring dramatic upheaval in Chinese society. Appreciation of the renminbi is conducive to upgrading the industrial chain, but most populous of China's labor-intensive manufacturing need to solve the employment problem, which is related to social stability, political stability of a big problem, which is China's bottom line. Chinese people's determination to defend the bottom line is not to be underestimated, compared to the liberation war, currency war what a lot of money. As the world's first Sino-US trade war or currency war's second largest economy will be like between cruelty and any kind of war. This situation is favorable for the United States? Globalization, multilateral dialogue in which if one does not understand, respect and take care of the bottom line to the other party, then the facts, foresight, wisdom and justice will not necessarily become dominant, win may be lost in friction. A true nationalist must in some way be an internationalist, because the prosperity and stability of a large country is absolutely impossible to build on the destruction of its main trading partners and creditors of collapse. When the world in the post-crisis era to promote the survival instinct of the direction of monetary nationalism brink of war,http://www.lasikfraud.com, isolated China will cause great damage, bring small results. The times call for the United States to stand up again, leading global cooperation. Multilateral currency appreciation in the trade surplus with the United States, under the guidance of, rather than unilateral RMB appreciation is to address global trade imbalances win-win way, the only way to ensure a steady global economic recovery,moncler sito ufficiale, in order to ensure the next ten years of free trade and global prosperity. Yours sincerely Wu Di 

Posted 10 years ago #

RSS feed for this topic

Reply

You must log in to post.