Friday, December 31, 2010
Obama’s State of the Union Address
“We need set a new goal: We will double our exports over the next five years, an increase that will support 2 million jobs in America. To help meet this goal, we’re launching a National Export Initiative that will help farmers and small businesses increase their exports, and reform export controls consistent with national security (Obama’s State of the Union Speech on January 27).” The sound is very nice. The question is how Obama will achieve the goal. On this earth, there is one large market which the US can sell to. That is the Middle Kingdom. By now, the Chinese do not need more rice, Boeing aircraft, PCs, or wheat. But there is one item that the Chinese might want badly. That is, for the United States to lift its arms ban which has been imposed it since 1989. Without the American help, the Chinese have developed their own arms which were demonstrated in the military parade on October 1, 2009. Will Obama allow the export of weapons to China?