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People's Daily Online>>Opinion

US entering era of uncertainties

By Sheng Dingli (People's Daily)

16:42, January 09, 2012

Edited and translated by People's Daily Online

The U.S. presidential election has begun. No presidential aspirants can bypass the "three highs" challenges right now—high unemployment rate, high deficits and high national debts. To some extent, the "three highs" is originated from the country's political and economic policies and its inherent system, which just appear more noticeable in the new century.

It is beyond the power of any American to remedy the difficult situation. Incumbent President has both obvious advantages and disadvantages in office. If the unemployment keeps high in the first 10 months this year, Barack Obama might well be a "one term president". If it keeps improving, then a strong Republican challenge is hardly possible.

The seeming economic and financial problems of the United States are deeply rooted in its politics and society. It is imperative for the U.S. to identify where it goes wrong and finds out solutions.

It is a common knowledge that increasing revenues and reducing expenses are the remedy for financial difficulties. But the political polarization prevents a consensus on an agreement. And with the growth of global economy, the Americans are finding it really hard to maintain its overwhelming superiority in economic production and military budget.

But the republicans, who turn a blind eye to the need for financial balance, are intent on keeping the giant size of military expenses. This is hardly acceptable to the democrats. And the democrats' persistence in increasing public expenses regardless of huge deficits is equally unacceptable to the republicans.

Their only consensus, if there is, might be shyness in increasing revenues for fear of ruffling voters' features. In terms of decision making, the United States is stepping into an era of uncertainties.

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Leave your comment4 comments

  1. Name

PD User at 2012-01-16113.239.228.*
If you ar going to smoke dope, you have to bring enough for everybody
Chinhomiah at 2012-01-11180.129.116.*
America faces more than uncertainties. It faces the real possibility of falling a notch or two in the international pecking order. What use is all that military might if America"s leaders continue to alienate large numbers of countries politically. Even so-called friends of America sometimes wonder if the US is truly altruistic or, more often than not, interested only in pushing its own agenda without regard for the legitimate interests of others. Instead of addressing America"s own economic problems, Republicans and Democrats find it all too convenient to blame China. Take unemployment for instance. The so-called loss of manufacturing jobs to China is a function of the fact that American workers, when one compute wages and social benefits, have become too costly. Even if China were to push up the value of its yuan against the dollar, these jobs are likely to go to other developing areas than ever return to America. America is behaving like an ostritch buring its head in the sand.
ttt at 2012-01-09122.174.123.*
if china succeed in weapons based on pressure than it can generate low pressure areas and high pressure areas resulting in total control on enemy soldiers climate capability
ttt at 2012-01-09122.174.123.*
china should develop priciples of convertibility on design like one submarine changing its shape to some another weapon if it is possible no body can defeat china

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