Scapegoating China and Manipulating the Opinions of Americans – Part 3/4

November 7, 2012

In Part 2, we discovered that China’s unemployment rate among rural Chinese working in manufacturing reached 16.4% in early 2009 (while unemployment in the United States was only 9.3%), and from Forbes on October 18, 2012 we learn: “Manufacturing jobs stand poised for a rebound as jobs get reshored from China — creating 2.5 million to 5 million U.S. jobs in manufacturing and support jobs. Worries about a severe job skills gap are largely misreported according to results from a Boston Consulting Group (BCG) analysis – part of the firm’s ongoing series entitled Made in America, Again.” 

In comparison, unemployment in the United States stands at 7.8% today. In another comparison, during 2007 – 2009 while China lost 23 million manufacturing jobs, the United States lost only 2 million in that job sector. Source: bls.gov

With numbers like these, would someone explain how China is stealing manufacturing jobs from the US?

In addition, the average credit card debt per household in the US (I’m not talking about the Federal national debt) is about $16,000 while total U.S. Consumer debt was $2.43 trillion as of May 2011.


The History of Economic Booms and Busts

US Mortgage Debt is more than $14 trillion and 40% of Americans have no retirement savings while 25% have no personal savings. In fact, 38% of American adults have no emergency funds to fall back on.

However, in China the average household saves almost 30% of its annual income. The average business saves about 45% of net profits and the government has a surplus savings rate of more than 50% of tax revenues instead of the US that has a national debt more than 100% of GDP–more than $16 trillion. The US has been spending more than a trillion dollars a year that it doesn’t have while China saves half of its tax revenues and invests in infrastructure and in other countries such as the US. Source: VoxEU.org

Does that sound as if China is a threat to the US and is stealing manufacturing jobs from America? Many in the US are self centered and do not consider that China trades with the world–not just America. In 2011, China exported about $1.6 trillion in goods to other countries while importing about $1.4 trillion. At the same time, China bought about $104 billion in goods from the US. Source: US-China.org

In addition, outside the US, the world sees China differently. The Pew Global Attitudes Project surveys thousands of people in 59 countries. For 2012 China had a 94% favorable rating while the United States had 40%.


The Hidden History of the Financial Crisis

Back to Abraham Lincoln, who said, “You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.”

We will discover what that means today in the last post in this series.

Continued on November 1, 2012 in Scapegoating China … Part 4 or return to Part 2

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

1 Comment | America, American culture, China, economy, media, politics, United States | Tagged: , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

Scapegoating China and Manipulating the Opinions of Americans – Part 2/4

November 6, 2012

Once we discover how many times the United States has had one financial disaster after another, we start to understand why China must be used as a scapegoat to distract many Americans and give them a victim to blame for lost jobs and low pay.

In another example, Business Pundit.com mentions the 10 Most Bizarre Economic Bubbles in History.  One example was US Dot-com Bubble that burst on March 10, 2000 resulting in a mild but long-felt recession, and the stock market crash of 2000-2002 caused the loss of $5 trillion in the market value of US companies from March 2000 to October 2002.

I’ve left out many other global financial disasters such as those taking place in Israel (1983), Sweden (1990s), Japan (1990), Mexico (1994), Russia (1998), Turkey (2001), Argentina (2001), Iceland (2008), etc.

Then there is the global financial disaster of 2007 – 2008. Total losses are estimated in trillions of U.S. dollars globally. Between January and October of 2008, owners of stocks in U.S. corporations suffered about $8 trillion in losses while losses in other countries averaged about 40%.


Financial Crisis History Lesson – Part 2

Global Issues.org says, “While the Western mainstream media has often hyped up a threat posed by a growing China, the World Bank’s chief economist, (Lin Yifu, a well respected Chinese academic) notes ‘Relatively speaking, China is a country with scarce capital funds and it is hardly the time for us to export these funds and pour them into a country profuse with capital like the U.S.'”

I think what Lin Yifu is talking about is not the US National Federal Debt but the fact that US corporate profits just hit an all-time high … Source: Business Insider.com

During the second 2012 Presidential Debate, Romney mentioned China seven times. He blamed China’s currency manipulation for the loss of manufacturing jobs in the US, and promised to “crack down on China when they cheat.” Source: The New Republic.com

However, what Mitt Romney did not say is the number of jobs lost in China due to the 2007 US financial crisis that swept the globe. “After August 2008, the number of orders filled by many export oriented enterprises dropped precipitously, and thousands of factories in the coastal region, especially in the Pearl River Delta, were closed. The impact was most serious on the rural migrant labor force. … In absolute terms, it corresponds to a loss of 23 million jobs. Rural migrant labor dropped from 140 million to 117 million with an unemployment rate of 16.4% in early 2009.” Source: The Global Economic Crisis and Unemployment in China

Continued on October 31, 2012 in Scapegoating China … Part 3 or return to Part 1

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

Leave a Comment » | America, American culture, China, economy, media, politics, United States | Tagged: , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

In healthcare, what comes first: the chicken or the egg? – Part 3/3

October 30, 2012

What is better, universal health care as China offers its citizens or what Wal-Mart offers its associates/employees?  You decide.

From Making Change at Walmart.org, we learn, “Wal-Mart’s health care plans fail to cover hundreds of thousands of associates. In 2009, Wal-Mart claimed that 52% of associates were covered under their healthcare plan. The company has refused to disclose coverage rates for its 1.4 million U.S. employees since then. [4]

“Wal-Mart stopped offering health insurance to part-time employees (working less than 24 hours per week) in 2012. [5]

Taxpayers are forced to provide healthcare for Walmart’s Associates. Hundreds of thousands of Associates and their family members qualify for publicly funded health insurance. [6] Indeed, according to data compiled by Good Jobs First, in 21 of 23 states which have disclosed information, Wal-Mart has the largest number of employees on the public rolls of any employer. [7]

In fall 2011, Wal-Mart made it even more difficult for associates to get quality health care for themselves and their families. Beginning with the 2012 enrollment period, Wal-Mart rolled back health care coverage for part part-time employees and raised premiums for full-time employees by as much as 63% for non-smokers and their families and as much as 162% for smokers with families. . For employees earning $8.81/hour working an average of 34 hours per week, some of Wal-Mart’s 2012 healthcare plans would cost between 77% and 104% of the employee’s annual gross income. [15]

In fact, there is no universal health care in the United States. What is known as Obamacare in the US is not a universal healthcare plan that is run by the government. It is a healthcare plan that just expands health care through private sector health insurance programs with the government subsidizing the costs of health-care premiums for Americans that do not earn enough money to pay for it so huge corporations such as Wal-Mart will allow the government to subsidize its private sector profits. In addition, if Mitt Romney is elected president and he follows through with his promise to get rid of Obamacare, America’s health care will return to where it was in 2007 and 2008:

The percentage of people without health insurance in 2008 was not statistically different from 2007 at 15.4 percent. The number of uninsured increased to 46.3 million in 2008, from 45.7 million in 2007.

The number of people with health insurance increased to 255.1 million in 2008—up from 253.4 million in 2007. The number of people covered by private health insurance decreased to 201.0 million in 2008—down from 202.0 million in 2007. The number of people covered by government health insurance increased to 87.4 million—up from 83.0 million in 2007

The percentage of people covered by private health insurance was 66.7 percent in 2008—down from 67.5 percent in 2007 (Figure 7). The percentage of people covered by employment-based health insurance decreased to 58.5 percent in 2008, from 59.3 percent in 2007. The number of people covered by employment-based health insurance decreased to 176.3 million in 2008, from 177.4 million in 2007. Source: Census.gov

Maybe now, a few of China’s critics may understand why the Chinese Communist Party and most of China’s people continue to resist becoming a democracy similar to America. Don’t get me wrong. I love my country and I am willing fight for her again(if it was a real threat and not one based on malarkey and lies as Vietnam and Iraq were) as I did in Vietnam in 1966 as a US Marine, but she has some serious problems that will be difficult to solve regardless of who is the next president of the United States. In fact, I think if Mitt Romney is elected, the problems will become worse.

Return to In healthcare, what comes first: the chicken or the egg? – Part 2 or start with Part 1

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

1 Comment | America, American culture, business, capitalism, China, Chinese Culture, Communism, cultural differences, democracy, economy, family values, government, politics, United States | Tagged: , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

In healthcare, what comes first: the chicken or the egg? – Part 1/3

October 28, 2012

Following the same logic as the title of this post, we should also ask, “Does a country exits without its people—not just the wealthy one percent but everyone?”

Studies show that the Mayan civilization (2000 BC – 900 AD) all but vanished overnight because the people walked away into the rainforest and stopped cooperating with the system of government and business that existed.

For this reason alone, every government owes its citizens a form of universal health care to help improve the quality of life, because a government cannot exist with public support.

In fact, every government has a responsibility to its citizens and that goes beyond just maintaining laws, an education system, police, fire-fighting services and a military to defend the country.

The least we should expect from our government is a basic universal health care system that rewards contributing citizens that live healthy lifestyles with more coverage at a lower cost.

On the other hand, citizens that live unhealthy lifestyles should pay more for anything beyond basic health care. When I say basic health care, I mean an annual checkup and treatment for health challenges that are not related to poor lifestyle choices. I do not think that working taxpayers should pay for the health care of a person that made poor lifestyle choices.

However, most universal health care plans do just that–take care of all citizens regardless of individual lifestyle choices.

At the end of 2008, China’s government published its reform plan clarifying government’s responsibility by saying that it would play a dominant role in providing public health and basic medical service. It declared “Both central and local governments should increase health funding. The percentage of government’s input in total health expenditure should be increased gradually so that the financial burden of individuals can be reduced,” The plan listed public health, rural areas, city community health services and basic medical insurance as four key areas for government investment. It also promised to tighten government control over medical fees in public hospitals and to set up a “basic medicine system” to quell public complaints of rising drug costs.

The plan was passed by the Chinese Cabinet in January 2009. The long-awaited medical reform plan promised to spend 850 billion Yuan by 2011 to provide universal medical service and that measures would be taken to provide basic medical security to all Chinese

For China, I found this from CNN, “Where in the world can you get universal health care?” dated June 29, 2012:

China announced an overhaul of its health system in 2009 to bring safe, affordable basic health services to all residents — a tall order for a country containing 1.3 billion people.

The government committed about $126 billion to reform the quality and efficiency of its health care, and ensure affordable and quality medication.

But the issue of equity in health care persists. “There are still significant disparities in health status between regions, urban and rural areas, and among population groups,” according to the WHO.

China has seen increased life expectancy and reductions in infant deaths, but health observers stated in the WHO report the need to improve delivery of care. Source: cnn.com

CNN.com says that Obamacare in the US is NOT universal health care coverage and that nearly 50 countries out of almost 200 have attainted universal or near-universal health coverage by 2008.  China was on the list of eight countries mentioned as examples. They were: Brazil, where free health care coverage is recognized as a citizen’s right; Rwanda; Thailand; South Korea; Moldova; Kuwait; Chile, and China.

As far as I know, none of these countries have ever gone bankrupt or have come close to bankruptcy due to this socialist policy. However, they also do not have a history of fighting wars with other nations.

This report from PBS News Hour in April 2011 explains why and how China is dealing with universal health care system for 1.3 billion people. It talks about the pros and cons of establishing reforms in health care in China.

I wonder how long it will take for China to build the infrastructure and adjust for problems in this new system before it is more competent to handle the demand.

For PBS to report on this topic, they had to have approval from the CCP in Beijing. I’m sure that China’s critics will only focus on the problems without considering or mentioning that instant gratification is unrealistic and it takes time to build the infrastructure for a new system of any kind.

Continued on October 29, 2012, In healthcare, what comes first: the chicken or the egg? – Part 2

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

1 Comment | America, American culture, China, Chinese Culture, Communism, democracy, economy, family values, government, health care, politics, United States | Tagged: , , , , , , | Permalink
Posted by Lloyd Lofthouse

Communism and Socialism are NOT the SAME

October 26, 2012

There would not be many choices for someone that wanted to move to a socialist country. There are only four in the world: PRC (mainland China), Republic of Cuba, Lao People’s Democratic Republic and the Socialist Republic of Vietnam. These countries once had Communist governments but that isn’t entirely true anymore.

However, there are 189 countries (of the 193 that are members of the United Nations) that are not socialist but do have socialist programs/policies.

Socialism and communism are ideological doctrines that have many similarities as well as many differences. One point that is frequently raised to distinguish socialism from communism is that socialism generally refers to an economic system, and communism generally refers to both an economic system and a political system.

The fall of communism in the Soviet Union does not mean socialism failed. It means that the autocratic one-party system that defines communism failed.

Russia, for example, still has Social Security policies that fund health and pension programs.  With at last five years of coverage, men age 60 and women age 55 are covered for old-age pensions. Russia also offers a disability pension and a survivor pension.

To discover the details of Russia’s socialist policies, I suggest you visit this site at the U.S. Social Security Administration. In fact, the SSA has information on its site for Social Security programs/policies around the world


The GOP and Mitt Romney may want to return to industrial capitalism. Pay attention to the video to discover what that means. You may be shocked and decide that some socialist policies are necessary to protect the quality of life for most people that do not have the benefit of achieving great wealth.

As an economic system, socialism seeks to manage the economy through deliberate and collective social control. Communism, however, seeks to manage both the economy and the society by ensuring that property is owned collectively and that control over the distribution of resources is centralized to achieve both classlessness and statelessness. Under communism, all people are considered equal and are provided for equally, regardless of their contributions to the economy or to society.

Having Socialist policies does not mean a country is socialist or communist. For example, the United States is not a socialist country just because it has socialist policies such as Medicare, Obamacare or Social Security–the United States still has private ownership of property and businesses and has a multi-party political system.

In addition. although China’s Communist government adopted capitalist policies in the early 1980s and joined the World Trade Organization, a substantial part of the economy is still state-run, although there are not as many social programs as there once were and universal healthcare has been eliminated but China still has a Socialist-type foreign policy, for the most part, due to decisions made within the CCP based on consensus (majority opinion). There are eighty million members in China’s Communist Party and they vote.

To learn about China’s Socialist Policies, here’s the link at US SSA Office of Retirement and Disability Policy

In addition, in China no one in the private sector may own land (yet).  Instead, private citizens may lease land in urban areas while land in most rural areas is still owned by village collectives in conjunction with the central government and cannot be bought or sold because no one holds the title to most rural land.

Discover Dictatorship or One Party Republic

NOTE: The reason for this post is a conservative site at Right Punditry.wordpress.com where I left a comment. The response to my comment was an ignorant unreasoned emotional rant, and then I had trouble leaving reasoned comments with cited evidence and sources in response to that trollish rant. In reality, my voice was censored—a common practice among American far-right neoconservatives and fundamentalist evangelical Christians (FECs) that attempt to control the conversation with bully insults and logical fallacies. This is the second time I’ve run into this sort of conservative, political site. The first time was a Tea Party loyalist site that censored (removed) a comment I wrote that did not meet the American Tea Party’s rigid beliefs. You may not know this but 40% of the Tea Party membership are FECs. Both American neoconservatives and FECs practice the use of the noble lie to achieve political and/or religious goals as evidenced by Mitt Romney and his VP running mate during the Presidential and VP debates of the 2012 election in the US. I’ve written a number of posts focused on the debates at Lloyd Lofthouse.org and the last post in this series will appear Saturday, October 27, 2012.

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

8 Comments | America, business, capitalism, China, Christianity, Communism, democracy, economy, government, politics, socialism, United States | Tagged: , , , , , , , , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse