You heard it first here. Where is the USA going to compete, it is already defeated in Australia.

When is the USA going to wake up to its own reality?  When is it going to realize 'the consumer' of the USA is a slave to a Chinese economy?  Where are all these jobs from the Right Wing actually coming from?

China’s Rise Curbs US Influence in Australia  (click title to entry - thank you)



By Rocky Vega


09/24/10 Stockholm, Sweden – Michael Pascoe, writing for Australia’s The Age, argues the US has nowhere near the potent influence on China many assume, despite that idea’s widespread belief. He tackles in particular the unassailable concept of the US consumer, suggesting this group not only fails to support practically all of China’s expansion, as is so often implied by the media, but is in fact only responsible for a measly-sounding 0.3 percent of China’s often double-digit GDP growth....