{"id":16599,"date":"2012-12-04T08:57:23","date_gmt":"2012-12-04T13:57:23","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=16599"},"modified":"2012-12-04T08:57:50","modified_gmt":"2012-12-04T13:57:50","slug":"the-real-cost-of-the-2012-election-2","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=16599","title":{"rendered":"The Real Cost Of The 2012 Election"},"content":{"rendered":"<p>On November 27, the <a href=\"http:\/\/www.atimes.com\/atimes\/Global_Economy\/NK27Dj02.html\">Asian Times<\/a> posted an article entitled, &#8220;Post-US world born in <a class=\"zem_slink\" title=\"Phnom Penh\" href=\"http:\/\/maps.google.com\/maps?ll=11.55,104.916666667&amp;spn=0.1,0.1&amp;q=11.55,104.916666667 (Phnom%20Penh)&amp;t=h\" rel=\"geolocation\" target=\"_blank\">Phnom Penh<\/a>.&#8221; The article reports something not widely reported in the American media:<\/p>\n<p style=\"padding-left: 30px;\"><strong><a class=\"zem_slink\" title=\"Barack Hussein Obama, Jr.\" href=\"http:\/\/www.biography.com\/people\/barack-obama-12782369\" rel=\"biographycom\" target=\"_blank\">President Barack Obama<\/a> attended the summit to sell a <a class=\"zem_slink\" title=\"United States\" href=\"http:\/\/maps.google.com\/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667 (United%20States)&amp;t=h\" rel=\"geolocation\" target=\"_blank\">US-based<\/a> <a class=\"zem_slink\" title=\"Trans-Pacific Strategic Economic Partnership\" href=\"http:\/\/en.wikipedia.org\/wiki\/Trans-Pacific_Strategic_Economic_Partnership\" rel=\"wikipedia\" target=\"_blank\">Trans-Pacific Partnership<\/a> excluding <a class=\"zem_slink\" title=\"China\" href=\"http:\/\/maps.google.com\/maps?ll=39.9166666667,116.383333333&amp;spn=10.0,10.0&amp;q=39.9166666667,116.383333333 (China)&amp;t=h\" rel=\"geolocation\" target=\"_blank\">China<\/a>. He didn&#8217;t. The American led-partnership became a party to which no-one came. <\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>Instead, the <a class=\"zem_slink\" title=\"ASEAN\" href=\"http:\/\/en.wikipedia.org\/wiki\/ASEAN\" rel=\"wikipedia\" target=\"_blank\">Association of Southeast Asian Nations<\/a>, plus China, India, Japan, <a class=\"zem_slink\" title=\"South Korea\" href=\"http:\/\/maps.google.com\/maps?ll=37.5833333333,127.0&amp;spn=10.0,10.0&amp;q=37.5833333333,127.0 (South%20Korea)&amp;t=h\" rel=\"geolocation\" target=\"_blank\">South Korea<\/a>, <a class=\"zem_slink\" title=\"Australasia\" href=\"http:\/\/en.wikipedia.org\/wiki\/Australasia\" rel=\"wikipedia\" target=\"_blank\">Australia and New Zealand<\/a>, will form a club and leave out the United States. As 3 billion Asians become prosperous, interest fades in the prospective contribution of 300<\/strong> <strong>million Americans &#8211; especially when those Americans decline to take risks on new technologies. America&#8217;s great economic strength, namely its capacity to innovate, exists mainly in memory four years after the 2008 economic crisis. <\/strong><\/p>\n<p>The article includes a number of charts detailing the decline of American economic influence. The first chart explains what is happening:<\/p>\n<p style=\"text-align: center;\"><strong>Asian, European and US exports<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2012\/12\/chart261112a.gif\" alt=\"\" \/><\/p>\n<p style=\"padding-left: 30px;\"><strong>It is hard to fathom just what President Obama had in mind when he arrived in Asia bearing a Trans-Pacific Partnership designed to keep China out. What does the United States have to offer Asians?<\/strong><\/p>\n<ul>\n<li><strong>It is borrowing $600 billion a year from the rest of the world to finance a $1.2 trillion government debt, most prominently from Japan (China has been a net seller of Treasury securities during the past year).<\/strong><\/li>\n<li><strong>It is a taker of capital rather than a provider of capital.<\/strong><\/li>\n<li><strong>It is a major import market but rapidly diminishing in relative importance as intra-Asian trade expands far more rapidly than trade with the United States.<\/strong><\/li>\n<li><strong>And America&#8217;s strength as an innovator and incubator of entrepreneurs has diminished drastically since the 2008 crisis, no thanks to the Obama administration, which imposed a steep task on start-up businesses in the form of its healthcare program. <\/strong><strong>Washington might want to pivot towards Asia. At Phnom Penh, though, Asian leaders in effect invited Obama to pivot the full 360 degrees and go home.<\/strong><\/li>\n<\/ul>\n<p>The arrogance of the Obama Administration is part of the problem. After over-regulating small business, driving up the national debt, and increasing borrowing from China, what did President Obama think he had to offer? The results of President <a class=\"zem_slink\" title=\"Sino-American relations\" href=\"http:\/\/en.wikipedia.org\/wiki\/Sino-American_relations\" rel=\"wikipedia\" target=\"_blank\">Obama&#8217;s Asian trip<\/a> are proof that America&#8217;s influence in the world is waning (as charged by Governor Romney during the Presidential campaign). The question becomes, &#8220;Is this important; and if it is, what are we going to do about it?&#8221;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/?px\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: none; float: right;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=b2fbd3a6-3ac2-40bf-91c5-1d61a92ef794\" alt=\"Enhanced by Zemanta\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On November 27, the Asian Times posted an article entitled, &#8220;Post-US world born in Phnom Penh.&#8221; The article reports something not widely reported in the American media: President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=16599\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4476,4478,97,253,4475,1592,4477,285,4479],"class_list":["post-16599","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-asean","tag-australasia","tag-barack-obama","tag-china","tag-phnom-penh","tag-south-korea","tag-trans-pacific-strategic-economic-partnership","tag-united-states","tag-waning-american-influence-in-the-world"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16599"}],"version-history":[{"count":5,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16599\/revisions"}],"predecessor-version":[{"id":16606,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16599\/revisions\/16606"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}