Friday, March 10, 2006

Globalization abroad requires Strength at home

ILLUSTRATED: Globalization makes a strong country stronger, and a weak country weaker. Bush is making us weaker, Dems will make us stronger.

The world is getting smaller. The trick is, if you are strong going into a globalization, you will get stronger. If you are weak going into globalization, you'll be eaten alive.
America is getting weaker under George W. Bush.
Thomas Friedman articulated four "deficits" that are getting worse: the government's fiscal deficit, the trade/monetary deficit, the energy deficit, and the education deficit.

Policy Prose
Fiscal deficit- When we aren't taxed enough, we borrow, much of it from China, Japan, and Saudi Arabia. They buy Treasury notes, they could stop any time. Thus they could but their shoe on our throat. That borrowing is not only a national security issue, it crowds out money that banks could lend to American businesses. That drives up interest rates, a terrible tax on everyone.
So Bush's deficits are selling out our independence and driving up interest rates. As Clinton proved, raising taxes on the rich is just an investment for the rich. In return, the government borrows less which lowers interest rates for their business activity.

Trade/Monetary deficit- We are not creating enough goods, and we owe too much money. We need to spur new businesses by having lower deficits, lower interest rates, lower barriers to entry...oh most importantly, lower health care costs. There would be more capital available here at home.

Energy- This is easy. Government, with direct investment and tax incentives, needs to promote green industries, and alternative energy sources. Oil is still the lifeblood of our economy, and our dependence on foreign oil weakens us.

Education- All business analysts agree, our education system is not pumping out graduates who have the skills for the 21st Century. At the federal level, the government needs to promote the teaching profession to attract the best & brightest, and assist in building and repairing the infrastructure for schools. Execution takes place locally.

Campaign Poetry
1) America is strongest if we pay as we go, and stop borrowing from foreigners. America is worth paying for in full.
2) Buy American and Build American.
3) We need to get off oil. It is for national security, good for the environment, and more science jobs.
4) The feds need to help get great teachers and build more schools. The locals need more innovation.

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