this is radio tabs

--------------------------------------------------------------------------------

America is now at the crossroads of its destiny. If the USA should choose the Obama road of increased governmental activism and determinism then our fate is sealed. President Obama has proved himself to be a pragmatic administrator, however that is not to say that his approach to solving problems is not from the left of the political spectrum. The fact that he does not please all those on the left only shows that he marches to his own vision of what America should look like. The great failing of his vision is the pejorative tones that he implicitly impugns the investor class with. His upbraiding of Chrysler Bond holders as being UN American is a prime example of this mind set. As any devotee of the rule of law would tell you the Bond holders have first call on any assets after the accounts payable are paid.

With President Obama's huge Stimulus Bill and Budget with massive deficits running well into the future it is imperative that the US mollifys any fear on the part of those who would invest in America. However this has not been the case with the Chinese and the expression of their fears. The Chinese are of a want to quietly express their concerns and to once more make a less subtle overture to make sure that one gets the message. If that message falls on deaf ears then they will then start a process of going around you. To this end the Chinese have backed off of their purchases of US Treasury debt and have started buying commodities as they have calculated that with a larger then life public debt the USD will begin to fall in value and inflation will set in.

This is not the only unintended outcome of the Obama administrations vision as the US is going to need revenue to meet its obligations taxes are going to have to be raised. This will put a further drag on the economy. As the Obama vision of America going forward requires certain new federal mandates about Carbon Caps, Increased fuel mileage, health care reform and education reform will also stymie economic growth. The end result of these new federal requirements will make the US a less than attractive place for capital to be invested. Instead of a once vibrant economy that was attractive for new capital these new regulations will not only be unattractive for new capital investment but will also drive existing capital offshore.

If this were not enough on the plate, with the recent Wall Street debacle and attending global crisis the mantle of being the preeminent financiers in the world is going to be called into question. Americans are going to be seen as less then sage investors and this will cause a reassessment in the world of Americas standing as the preeminent financiers to the world. This will end Americas dominance in the area of finance where other centers of finance will rise as gateways of capital flows. Hong Kong has long had the infrastructure of being a center of finance and trade but now would also enjoy being the gateway to the most vibrant economy in the world. It would be an easy transition from NYC to Hong Kong as being financial capital of the world.

All these factors leads one, not to the conclusion of the Obama administration that America will once again rise to its former economic glory with sustainable "Green Growth. For the underlying economic pillars of that growth will have been undermined by federal regulations, mandates and taxes. However a more plausibe scenerio will take place and that is once the Stimulus and increased Budget money wears off the economy, the USA will start a fairly preciptious slide into oblivion. One where inovation that was once a hallmark of American industry is now stymied. America will fall into disrepair and disunion resembling the economy of Moldovia.