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The Fiji Times » Report highlights sectors that will lead growth in 2023
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LETTERS FROM AN AMERICAN
February 6, 2023
Heather Cox Richardson
The Chinese spy balloon shot down off South Carolina on Saturday after spending four days in U.S. airspace will almost certainly make the history books but not because, by itself, it is a hugely significant factor in the changing relationship between the U.S. and China under President Joe Biden. The reason the balloon will be remembered in the future is that the Republican response to it has been so completely unrelated to reality, and has been so magnified by the media, that it has provided a window into the dysfunction of modern politics. The facts are these: On Saturday, January 28, a Chinese airship entered U.S. airspace north of the Aleutian Islands, then crossed Alaska. It left U.S. airspace, then reentered over northern Idaho on Tuesday, January 31. On February 1 it was over Montana. On February 3 it was near St. Louis, Missouri. On Saturday, February 4, the pilot of an Air Force F-22 shot the airship down in shallow water off the coast of South Carolina, where the wreckage could be recovered. The Trump administration had an inconsistent relationship with China. Trump attacked China in a trade war early in his presidency, placing tariffs on a range of products (which induced China to retaliate, prompting Trump to pump $28 billion into the U.S. farming sector to compensate for lost revenue). But by 2019, according to Trump’s national security advisor John Bolton, Trump “pleaded” with Chinese leader Xi Jinping to help him get reelected in 2020, and inked a deal for China to buy significant amounts of the farm products it had turned to other countries to provide after the tariffs (that was why Trump downplayed China’s role in hiding Covid in the early months of 2020). According to former representative Adam Kinzinger (R-IL), Trump also asked congressional leaders to “lay off” Xi, because Trump didn’t want to disappoint Xi. In contrast, Biden and Secretary of State Antony Blinken have worked to counter China by building Indo-Pacific cooperation, reinforced U.S. support for Taiwan, established export controls on technology that have hamstrung the Chinese semiconductor industry, worked to counter Chinese investment in Africa, and enhanced security cooperation with South Korea and Japan. But the balloon sparked a frenzy from Republicans insisting that Biden had been weak on China or even was working for China: right-wing talk show host Mark Levin said Biden is “bought and paid for by the Communist Chinese government,” and former president Trump said that Biden “has surrendered American airspace to Communist China.” Senator Marco Rubio (R-FL) said China was showing “that the United States is once-great superpower that’s hollowed out, it’s in decline.” South Carolina Republican representative Joe Wilson—the man who shouted “You lie” at President Obama—said that Biden and Vice President Kamala Harris should resign from office because of the balloon. In fact, U.S. standing in the world has strengthened considerably since Biden took office, and the North Atlantic Treaty Organization (NATO), which Trump tried to scuttle, is strong enough that Sweden and Finland want to join. It also turns out that at least three similar balloons crossed into U.S. airspace while Trump was president. Today, General Glen D. VanHerck, who oversees the North American Aerospace Defense Command, or NORAD, told reporters today that this weekend’s balloon was at least the fifth that had come into U.S. airspace, including at least three during Trump’s presidency, but that NORAD didn’t know about that until the intelligence community—under Biden—notified them. As for the fact that Biden waited to shoot the thing down until it flew over the water, the administration says it did not want to take the risk of downing it over the American people. VanHerck estimated it weighed about 2,000 pounds, carried equipment the size of a regional jet, and was about 200 feet tall. As terrorism expert Malcolm Nance wrote on Twitter: “WHY let spy balloon in our space? 1) It was 18.5 miles up, almost in space. 2) it sends data link to PRC. We can intercept that & learn what China knows. We can jam it so they see nothing new. 3) The collection system is ours & can reconstruct it. They lose asset & we win spy game[.]” Indeed, U.S. officials say they blocked the instruments from gathering intelligence, and turned the tables to gather intelligence from the equipment itself. You would think this balloon marks terrible U.S. weakness and is the most important thing to happen in years. But, in fact, the U.S. is stronger internationally than it has been in a while, and the balloon is just one more piece of a larger story about the changing relationship between China and the United States. The breathless attention paid to the balloon starved a story that mattered far more in the long term: the economy under Biden has shown extraordinary job growth—another 517,000 jobs added in January—and the unemployment rate is at a low that has not been seen since 1969 (not a typo). Inflation is dropping. Today, Carly Wanna at Bloomberg noted that since the Inflation Reduction Act became law, more than 100,000 clean energy jobs have been created in the U.S. After months of reports that we are on the brink of a recession, today Treasury Secretary Janet Yellen said the chances of a recession are low. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years,” she said. This economic news is not a blip; it is proof that Biden’s revival of the traditional understanding of how the economy works, shared by both parties before the 1980 election of Ronald Reagan, works. Biden has rejected the trickle-down economics of the Republicans, which is based in the idea that moving capital upward will prompt investment in the economy and help everyone. In its place he has revived the older idea that investing in ordinary Americans and infrastructure creates widespread prosperity. His plan is a reversal of 40 years of economic policy, and we need to pay attention to it. Biden has been crystal clear about the meaning behind his policies and has challenged House speaker Kevin McCarthy (R-CA) to lay out for the American people his own policies in a proposed annual budget. Instead, McCarthy is obfuscating, mixing together the debt ceiling, on which Biden refuses to negotiate because it is about funding obligations already incurred—in large part under Trump—and the budget, on which Biden has said he’s quite happy to negotiate. McCarthy can’t produce a budget because his conference cannot agree on the cuts they insist are imperative. Instead, Republicans are threatening to refuse to lift the debt ceiling, although they lifted it three times under Trump. That refusal would tank the economy just before the 2024 election. A poll conducted by the Washington Post and ABC News, written up today in the Washington Post, shows that 62% of Americans think Biden has not accomplished much in his two years in office. In fact, his administration ranks as one of the most consequential since the New Deal in the 1930s. Whether you love what he’s done or hate it, to think nothing has happened suggests a terrible disconnect between image and reality. Today at a press briefing, reporters peppered White House Director of the National Economic Council Brian Deese with questions about why that disconnect exists. Washington Post columnist Jennifer Rubin later tweeted, “Ummm. Heal thyself!” Two other stories that are in the news today will likely also be remembered. Neo-Nazi leader Brandon Russell, 27, and Sarah Clendaniel, 34, were charged with plotting to bring down the electric power grid in Maryland, hoping to “destroy” Baltimore. In September, Ilana Krill and Bennett Clifford of the Program on Extremism at George Washington University warned that violent extremist white supremacists were focusing on attacking critical infrastructure “in the hopes that it will trigger a cataclysmic confrontation in American society and collapse the country from within.” And attacks on power stations have, indeed, been rising. Finally, thousands are dead from the 7.8 magnitude earthquake and its strong aftershocks in Turkey and Syria last night. Biden has spoken to President Recep Tayyip Erdoğan of Turkey and pledged to support our NATO ally. U.S. teams will help search and rescue teams, as well as coordinate other assistance.
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Notes:
https://www.nytimes.com/2019/05/23/us/politics/farm-aid-package.html
Adam Kinzinger #fella @AdamKinzingerI was in a meeting where Donald Trump asked a group of us to lay off XI and China telecom ZTE because he promised XI, and he doesn’t want to disappoint him. Bolton wrote about this, I can confirm. I was shocked. https://t.co/VX54WinVYrRoger Fisk @RogerFisk@MonicaCrowley 1) according to John Bolton trump begged Xi for help in 2020. Tough to be strong when begging. https://t.co/mIhmynRgj7
11:05 PM ∙ Feb 5, 202342,565Likes15,678Retweets
https://www.washingtonpost.com/politics/2023/02/05/china-spy-balloon-gop/
https://www.washingtonpost.com/national-security/2023/02/06/chinese-balloons-failed-detection/
https://www.bloomberg.com/news/articles/2023-02-06/companies-adding-100-000-green-jobs-under-new-us-climate-law
https://thedispatch.com/article/ranks-of-republicans-refusing-a-clean-debt-ceiling-hike-grows/
https://www.cnn.com/2023/02/05/politics/chinese-spy-balloons-trump-administration/index.html
https://www.pewresearch.org/global/2021/06/10/americas-image-abroad-rebounds-with-transition-from-trump-to-biden/
https://www.washingtonpost.com/politics/2023/02/06/poll-americans-dont-feel-biden-impact/
https://www.cnn.com/2023/02/06/economy/janet-yellen-recession-job-gains/index.html
Jennifer "Pro-privacy" Rubin @JRubinBloggerWH press corps peppered @BrianDeeseNEC with the "disconnect" between the economy and voters' views. Ummm. Heal thyself! The neverending drum beat of recession might have something to do with it.Also with lack of serious coverage of ripple effect from infrast, CHIPs, etc
11:51 PM ∙ Feb 6, 2023543Likes119Retweets
Jim Sciutto @jimsciuttoNotable: US officials say they were able to block the balloon from gathering intel during its overflight of the US, while the US military was able to turn the tables, so to speak, to gather intel on the balloon itself and its equipment.
9:04 PM ∙ Feb 4, 202339,307Likes9,269Retweets
https://www.whitehouse.gov/briefing-room/press-briefings/2023/02/06/press-briefing-by-press-secretary-karine-jean-pierre-and-national-economic-council-director-february-6-2023/
https://www.defense.gov/News/News-Stories/Article/Article/3288543/f-22-safely-shoots-down-chinese-spy-balloon-off-south-carolina-coast/
https://www.defense.gov/News/Transcripts/Transcript/Article/3288618/senior-defense-official-and-senior-military-official-hold-an-off-camera-on-back/
https://www.washingtonpost.com/dc-md-va/2023/02/06/maryland-power-grid-neonazi-brandon-russell/
https://extremism.gwu.edu/sites/g/files/zaxdzs2191/f/CriticalInfrastructureTargeting09072022.pdf
https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/06/readout-of-president-bidens-call-with-president-erdogan-of-turkiye/
Thomas Catenacci, “Republican demands Joe Biden, Kamala Harris resign after ‘catastrophic Chinese spy balloon spectacle,’ Fox News, February 4, 2023.
https://www.washingtonpost.com/opinions/2023/02/06/china-balloon-war-hysteria-taiwan/
LETTERS FROM AN AMERICAN
HEATHER COX RICHARDSON
#Heather Cox Richardson#Letters From An American#SOTU#Economic recovery#Media#news#misinformation#polls#Biden's Accomplishments
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The Economic Landscape: Analyzing Global Trends and Electoral Impacts
The Economic Landscape: A Global Perspective Every major U.S. ally is acutely aware of one of President Biden’s favorite visual aids: a chart illustrating the economic recoveries among wealthy nations since the pandemic-induced recession came to an end. This graph starkly demonstrates a troubling trend: while the United Kingdom, Germany, and Japan have seen their growth stagnate over the past two…
#Biden administration#consumer prices#economic challenges#economic growth#economic recovery#election outcomes#global economy#international politics#U.S. allies#voter sentiment
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youtube
#youtube#news#usmilitary#Fair Wages#Job Creation#US Economy#Biden#Labor Rights#Job Growth#Workers' Rights#Trade Policy#Labor Movement#Economy#Minimum Wage#Democratic Party#President Biden#Blue Collar#Working Class#Union Support#American Workers#Employment#U.S. Politics#Economic Policy#Workforce Development#Economic Recovery#Unemployment#Biden Administration#Worker Benefits#Politics#Government Policy
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Economy of the Philippines to keep growing above 6% in 2024 and 2025
Recently, an economist predicted that the economy of the Philippines will keep growing above 6% this year and next year, according to a Philippine News Agency (PNA) news article. To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface… The Philippine economy is expected to remain one of the fastest growing economies in the region, with growth…
#Asia#Bank of the Philippine Islands (BPI)#Bing#Blog#blogger#blogging#BPI#business#business news#Carlo Carrasco#ChatGPT#economic#economic dynamism#economic forecast#economic growth#economic recovery#economic zones#economics#economy#Economy of the Philippines#geek#Google#Google Search#gross domestic product (GDP)#growth#IMF#Instagram#International Monetary Fund (IMF)#news#Philippine News Agency (PNA)
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Unlock Financial Wisdom for Just $0.99 with "The Financial Crisis and the Free Market Cure"
Are you ready to dive deep into the forces that shape our economy and discover how free markets can be the answer to crises? "The Financial Crisis and the Free Market Cure" is your ultimate guide to understanding the roots of economic turmoil and the powerful principles that can lead us out of it.
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The causes behind financial crises
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Whether you’re an economics enthusiast or just want to better understand the complexities of our financial world, this audiobook delivers insights that are clear, concise, and essential for today’s times.
And the best part? You can get it now for only $0.99! This incredible deal won’t last, so don’t miss your chance to learn from a thought leader in free-market economics.🎧 Grab your copy today: The Financial Crisis and the Free Market Cure
#Financial crisis#Free market economy#audiobook#Economic recovery#Free market cure#Audiobook for $0.99#Economic principles
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"It's the economy, stupid."
Don't believe the lies.
#US economy#economic growth#low unemployment#rising wages#job creation#economic recovery#envy of the world#vote blue
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#propertyinvestment#property investment#Luxury housing#Pricing dynamics#Amenities preference#Market performance#Economic recovery#Regulatory environment#Investment outlook#Aspirational living
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To War
By Kathleen Tonn Is WWIII inevitable? Cautious voices urge diplomacy and restraint in political conflict. Which voices are urging the unleashing of holy hell? Is human life a curse upon the earth that it must be extinguished? If it is, are you the one pushing for geo-political unrest and war? Frequently, the ones who desire war, knowing it causes much death and destruction, do not value their…
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#Biden#billionaires#China#Christian#Combatants#Congress#Democrat#Democrats#economic recovery#family#Famine#foxnews#government#hunger#independent dedication#Jesus#medicaid#non-compliance#preachers#Republican#Republicans#Russia#singers#Skype#Sleep#Ukraine#universities Hitler#Utopia#voters#woke culture
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Boeing's Q2 Earnings: Analysts Expect Wider Losses, But Revenue Rebound in Sight
youtube
#Boeing#Airbus#Aviation Industry#Earnings Report#Stock Market#Financial Analysis#Commercial Aviation#Economic Outlook#Aerospace Industry#Investment Opportunities#Market Trends#Stock Performance#Profitability#Economic Recovery#Business News.#Youtube
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Americans Vote Amid Tension in Presidential Election
Americans Head to the Polls The moment has arrived. Today, Americans will cast their votes after a presidential campaign season that many observers describe as one of the darkest and most contentious in recent history. As the final hours tick away, candidates, their dedicated staff, and tens of thousands of volunteers are engaged in a frantic push to rally support, with the race remaining…
#crime rates#Donald Trump#economic recovery#election#immigration#Kamala Harris#political uncertainty#presidential campaign#swing states#voting
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youtube
#youtube#militarytraining#usmilitary#Raimondo#Tourism Boost#Blinken#Investment in Tourism#Economic Recovery#US Economy#Biden Administration#Travel Opportunities#Travel Industry#Travel#Government Initiatives#Business Travel#International Travel#Economic Development#Economic Growth#Tourism#Economic Policy#Travel Economy#US Travel#Travel Trends
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Further rate cuts by BSP could boost demand for condominium units and new residential projects in Metro Manila
Here in Metro Manila, there is currently an oversupply of condominium units. Further rate cuts by the Bangko Sentral ng Pilipinas (BSP) could boost demand for existing condominium units and also new residential projects within the metropolis, according to a BusinessWorld news report. To put things in perspective, posted below is an excerpt from the BusinessWorld report. Some parts in…
#Asia#Bangko Sentral ng Pilipinas (BSP)#Blog#blogger#blogging#business#business news#BusinessWorld#Carlo Carrasco#condominium units#condominiums#construction#economic#economic dynamism#economic growth#economic recovery#economics#economy#Economy of the Philippines#finance#geek#interest rates#journalism#Metro Manila#money#news#Philippines#Philippines blog#Pinoy#real estate
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"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He previously served as the 33rd governor of California from 1967 to 1975 and as president of the Screen Actors Guild from 1947 to 1952 and from 1959 until 1960.
Born: 6 February 1911, Tampico, Illinois, United States
Died: 5 June 2004, Bel Air, Los Angeles, California, United States
#Conservatism: Reagan#Cold War#Reaganomics#Tear down this wall#President#Conservatism#Berlin Wall#Hollywood#Republican Party#Star Wars (SDI)#Iran-Contra affair#Legacy#Governor#Great Communicator#Tax cuts#Reagan Revolution#Strategic Defense Initiative#Trickle-down economics#Peace through strength#Economic recovery#Right to work#Anti-communism
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