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I am a Chinese. Following is a good post from Chinese Immigration Forum. I totally agree his points.
"After 8 years’ extremely right movement by Bush, the US empire starts to show weakness. Politically it is the losing war in Iraq and economically it is the falling US dollar with the credit crunch and the recession it is bringing with. These two are strongly correlated. US dollar was at its peak strength when the Iraq war just started. However, the huge deficit caused by this war not only just brings down the dollar strength, but also takes it to all-time low. It is this sharp movement in the dollar, which raises the creditability of US government and reduces the trust on US. This is the origin of the credit crunch. As long as the dollar cannot stop falling, the foreign investors, who invest trillions of dollars to US, will continue to flee. No matter how low the housing price is compared to international level, the potential gain is almost comparable to the downside risk of the dollar. Same for the stock market. If you calculate the stock prices based on Euro, there was no bull market at all from 2003-2007. Every percent of index gain is comprised by a percent of dollar fall.
McCain will insist the war and try to reduce the deficit by cutting education and benefits. This will buy US the time. Hillary will give up the war, but she will try to reduce the deficit by turning around the economy. This may have a chance to turn the US around. However, Obama will also give up the war, but he will continue to expand the deficit aggressively to return the support for his followers. He will make the current situation significantly worse, both for the war and for the economy.
Why do Clintons get so much hatred? For conservatives, without Clinton presidency, they could rule the country for 28 years continuously, which means that they could rule the supreme court easily. They cannot get the majority just because of the judges Clinton appointed. Clinton presidency ruined their dream. They dislike McCain, because McCain may not realize their dream, which is just one step away. For liberals, Clinton’s middle road to control the deficit in late 90s also ruined their dream. More humiliatingly, without Clinton, they cannot win a single presidency. They strongly rally around Obama just because they see a hope that their left wing thought still has a chance to win presidency.
Obama now only talks about change without unfolding any of his policy. But based on his power bases: inexperienced young students who have no idea of the meaning of the word job, unemployed people who rely on government benefits, liberals who favor bigger governments, he will not only surrender in Iraq, but also expand the deficit. The combination of both will be a disaster to US, both domestically and internationally. The recession will turn into the great depression with the dollar continuing its fall. People like Asian and Hispanics who not only are hard-working, but also have to spend abroad, will get hurt most. They may even have to be forced to immigrate back to their homeland country for better chances. But the power bases of Obama, may even get stronger under such a condition. In the situation of great depression, bigger government with heavy benefits will show its strength. Obama may have a chance to become another Rutherford. One sentence, Obama welcomes the great depression economically for his own politics.
But he will sacrifice the whole US empire just for his politics. If the US withdraws the troops from Iraq, it will be treated as a win by Bin Laden. If the US economy continues to fall, it will be an even bigger win by Bin Laden, because it was his 911 attack, which forced US to spend billions of dollars every year on homeland security and the war. It was the deficit that destroyed the US economy. Laden will gain the status as the messenger of Allah, because he achieved what Soviet Union couldn’t achieve. His follower in the mideast will get significantly stronger. Without economical and military support from US, US allies in the mid-east will fall one by one. The lost control of oil and the crack of US dominance will make everything much worse.
The chance for Obama to win is very slim. Clinton campaign runs into trouble because of the betrayal of the blacks and the lose of Michigan and Florida. When Obama faces McCain, he will not have such a luck. His black face and his muslim background will be a big trouble for him. However, Laden has driven the US into insane state by reelecting Bush. The crazy young folks may really drive him into white house. If that really happens, be prepared to pack and go back to China. After cultural revolution and 6.4, both government and people in China are getting reasonable, which is opposite to US. The rise of China and the fall of U.S may come much sooner than we thought."
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