We do not dictate, anymore
Military power, threats, bullying approaches, boycotts, embargoes, do not scare foreigners, anymore. Even Panama does stand up against us. The consequences are more negative to us, than to those we try to influence.
Who do we think we are, to tell others to re-evaluate their currency? If we take China, as an example, our Congress is so ignorant that they do not realize that a stronger yuan will increase the amount of our debt, and require, every years, billions more dollars, just to pay the interest.
We are blaming China for the contamination of certain products. But who is giving the purchase orders? Chinese or American companies? Who is asking for the specifications? Who is asking for the cheapest price?
American consumers are also responsible. They are looking for cheap products, and they are shopping at stores that offer them. Of course, the quality, and the safety, are not at the top of the production line. If parents want a toy without lead, they should not expect to pay $10. but perhaps $15.
We are in a free country, so far. No one obliges us to buy products from China. No one forces us to sell Treasury Notes to China. We should blame ourselves. Of course, it is always easier to ignore responsibility in economic matter, as in politics. Easier to blame Iran for our fiasco in Iraq, but forget that Saudi Arabia is arming Sunnis, Al Qaeda was not there before, our invasion was extremely poorly managed, and thousands and thousands of equipment have been stolen.
We have succeeded in decreasing the oil production and distribution in Iraq, and increasing the production and sale of opium from Alghanistan. Perhaps, we have been fooled again: the invasion was not for the oil, but for the opium. That could explain the strange judgment and behaviour of Cheney, Rice, Bolton, Negroponte, Gonzales, Chertoff, and other Bushies.
It is not the fault of China, Iran or Chavez if we have a negative savings rate, if we post an alarming trade and budget deficits, if our school system does not compete with the real word, if we have a few million home owners who bought a house they can not afford, etc. etc.
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