Financial policy idea for Obama

Financial policy idea for Obama

Compare Government Policy

In between Us and China

Both wall street and main street talk about how to get our people out of the economic hole. Look like fed out of bullet to help.


While, the problem every one know is, if Fed can not raise interest, and also can not keep printing money. If Fed raise interest, and White House cut spending will let economic slowdown. If Government keep printing money, it will have serious inflation. It is truth. Does Government really know what is going on? Does Government really know what to do?


Few more problem I would like point out:


First: For government spending, it has been proved but not working properly, why? Our Government has a worse system then Chinese government’s system for the time being. The efficiency of Government work is so low, unbelievable low. It is much worth than Chinese Government 20 years ago.


Reason 1: all our Government worker have powerful union protected. Look like our country care about human right a lot. But actually the system always protect a small group of human right and lose majority people’s human right. For example the Department of Mortar Vehicle, which is the one of our government department we deal with the most. No mater how many people waiting. All the workers work with the same easy way, because they don’t care people out side waiting, they don’t care how much government spend on them. It is doesn’t matter if they can not finish they will get pay anyway. Why get same pay and deal with more people, it is government job not private company. I can not get fired by doing slow, but I might get blamed if I rush to make mistake. I don’t get paid more by doing fast, I only get pay more if I work over time. Does any one pay a big attention to think all those worker is burning the whole country taxpayer’s hard working since most of our country job market is come from small private business, and most of our tax collected from middle income working people? Does any one think or point out the slow and not efficient government working employee and system violate whole country people’s human right? No! not at all! Because we get used to be in FAKE SOCIALISIM environment for a long time like China used to be. Even we tell the whole world we are a CAPITALISM COUNTRY. What the private company do if suddenly have more customer coming in, either hurry it up maybe can get some bonus if work hard or boss will lose the job.


Reason 2: our Government have no power to move everything forward like Chinese government. Think about Olympic in Beijing, Chinese want to win the respect form the world, which good for Chinese people. They care about whole country people’s human right for this special event, they can force all high pollution business move away out of Beijing within the short period of time with no argument, even they didn’t respect the right of business. So what?


Second: Print more money drop the value of US dollar and push Chinese Yuan value up. It is has been proved wrong as well. Why? Our government still live in old years. We think we can have china keep buy our government bond because US dollar is the only currency tie in to Gold. And Chinese government have the most money not Chinese people. That is wrong!


Reason 1 since Chinese economic already tie into the whole word. They are learned and have ability to plan the best and trade the best, they don’t have to only buy US treasury bond as a protective safe investment.
Reason 2 since Chinese economy going so fast and china has their own big market which every one want to get into it. They are not fully depends on US market, but all the big US business which already get into china need US market for our self.
Reason 3 since china open up for so long and economy going so quick, it is not only government have money, but also Chinese peoples have money too. To improve our country economic need open our self to Chinese not only to government but also to Chinese people. China create 7000 millionaire per day. They want to buy property when US housing market under water. They want buy most expensive brand merchandise from US, they want move part of their business in to US. Do we have policy to encourage them? No not at all. Actually, we did reversed. We want check every penny Chinese bring in to our country so Chinese rich people afraid to expose their money in to US; we push Chinese yuen value up, so they don’t want to buy our house property or brand merchandise from US. High Corperation tax and income tax scared away most of medium size Chinese business come to US. On the other side, china still give all new forien or joint venture company big tax reduction within years and years.


In conclusion our government should open up mind, go out learn some from Chinese or any other country, stop cheating our self and open mind. Make Chinese spend real money in to US. It is win win situation. And it is only way to bring back our economy.
God bless America!