Archive for the ‘Detroit’ Category

Culture of Corruption: Many Americans Losing Trust in Government?

March 13, 2009

“Go, Mazine (sic) and Nancy. Who listens to professional character assassins such as Malkin? Isn’t Malkin a modern deriviative of Maulkin, one of Macbeth’s witch’s evil associates? Seems like something evil reeks everytime I click on one of these weird missives.”

That according to John Welsh, one of my readers.

We seem to have becme a nation that says its OK to respond to truth with personal attacks and character assassination.

We are too quick to holler racism when the news is color-blind and Barack promised a post-racial world.

We have come to accept lies, corruption and those that break the law.  If you do evil: come back in a few weeks and we’ll forgive.

Bernie Madoff might be the exception….

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Do you think Nancy Pelosi will investigate her California pal Maxine Waters for conflict of interest?  There is still an ethics panel in the House, isn’t there?

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When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.

The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited’s executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials.

Read the rest from the Wall Street Journal:
http://online.wsj.com/article/
SB123682571772404053.html

[Rep. Maxine Waters] Getty Images

Rep. Maxine Waters, center, with Earvin “Magic” Johnson, left, and Ms. Waters’s husband, Sidney Williams, at the 2009 BET Honors Reception in Washington, D.C.

http://freedomswings.wordpress.com/
2009/03/13/maxine-in-hot-waters/

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Here’s another case of splitting the truth….

Candidate For Detroit Mayor a Little Slick With The Truth

Detroit mayoral candidate Dave Bing’s education credentials have come into question, with Syracuse University saying he received his bachelor’s almost three decades after Bing claims he did and an acknowledgment from the candidate’s spokesman that his assertion of having a master’s degree is false.

The Detroit Free Press reported Wednesday that Bing has embellished his Syracuse credentials in biographical material. The claim of having a master’s degree in business administration is made on a video directed at pro players preparing for life after basketball.

Syracuse spokesman Kevin Morrow told the newspaper that Bing, who went on to a basketball Hall of Fame career with the Detroit Pistons, wasn’t awarded an undergraduate degree in economics until 1995, after he completed additional courses. Bing has claimed repeatedly he completed college in 1966.

Bing spokesman Cliff Russell told the newspaper the discrepancies are the result of misunderstandings……

Read the rest:
http://news.yahoo.com/s/ap/2009
0311/ap_on_re_us/detroit_mayo
r_bing_2

Detroit mayoral candidate Dave Bing speaks to suporters at a primary election
AP – Detroit mayoral candidate Dave Bing speaks to suporters at a primary election night rally in Detroit

http://michellemalkin.com/2009/0
3/13/culture-of-corruption-banking
-hypocrite-maxine-waters/

Related:
Republicans: If You Can’t Agree On Core Values Now, Commit Harakiri

 Obama’s Hope, Post-Partisan, Post-Racial Promises Were All BS
.
Obama’s mythical mystique of government and science and their inherent moral benevolence

 Obama’s Schools Will Have To Follow Federal Rules, Like Socialist, Communist Schools

Since Obama’s Election; Guns, Ammo Running Out in Stores

Incoming White House Chief of Staff Rahm Emanuel gestures prior ... 
He wanted to run the census and now will oversee the writing of a measure to federalize schools. You still trust your government, right? Incoming White House Chief of Staff Rahm Emanuel gestures prior to the inauguration ceremony of Barack Obama as the 44th President of the United States, in Washington, January 20, 2009.(Jim Young – UNITED STATES/Reuters)

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Toyoto Passes GM in Sales; GM Fears Cash Collapse

January 21, 2009

Poor GM.  It may run out of money before March 31st, and for the first time ever, Toyota sold more cars than the stuggling U.S. automaker.

General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the first time. GM says it sold 8.356 million cars and trucks in 2008, falling about 616,000 vehicles short of Toyota’s total of 8.972 million.  General Motors Corp. posted an 11 percent drop for the year, while Toyota’s sales fell 4 percent.

Associated Press

And now GM needs some money – quick!

The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executive says he expects the money to arrive in the next several days.

Fritz Henderson, GM’s president and chief operating officer, said without the second installment of $5.4 billion, the company would run out of cash long before March 31.

In December, the Treasury Department authorized $13.4 billion in loans for GM and another $4 billion for Chrysler LLC to keep both automakers out of bankruptcy.

Read the rest:
http://www.nydailynews.com/money/2009/01/2
1/2009-01-21_general_motors_may_run_out_o
f_cash_by_ma.html

For Obama and other public servants, three tests of integrity

January 20, 2009

Rarely before in American history has there been such a need for the restoration of public trust in our government and businesses.

As Barack Obama takes the oath of office, he does so amid widespread disappointment in the alleged mercenary conduct of Illinois Gov. Rod Blagojevich (D), the insatiable greed of some in the business community that precipitated the economic meltdown, and the unprecedented Ponzi scheme apparently perpetrated by Bernard Madoff.

Bernard Madoff (C) walks out from Federal Court after a bail ... 
Bernard Madoff (C) walks out from Federal Court after a bail hearing in Manhattan January 5, 2009 in New York City. Paris prosecutors on Tuesday opened a fraud investigation into the Madoff scandal, after a French woman filed suit over the loss of her life savings, judicial officials said Tuesday.(AFP/Getty Images/File/Hiroko Masuike)

These scandals have eroded public confidence and have led to further cynicism about our institutions of government and business. In response, calls are mounting to enact various reforms designed to prevent – or at least uncover faster – such ethical breaches. But something much more fundamental is needed: a restoration of covenantal ideals.

By Egil ‘Bud’ Krogh
Christian Science Monitor

Related:
 Obama, Biden: Fight Scandal, Corruption, Bad Government Please….

Those who accept the mantle of public service enter into a de facto covenant – a binding agreement – with those who are led, and the first tenet of that covenant is integrity. Public trust can be restored with a clearer understanding of that covenant. Government and business leaders must understand that their part of the covenant requires them to adhere to the highest standards of integrity and civility. Those who are led are also required to perform at their highest standards of integrity and civility. This reciprocal covenant may well involve a degree of selflessness and mutual sacrifice seldom demanded of our citizens today.

Almost 40 years ago, I was sworn in to Richard Nixon’s White House staff. After taking the oath of office, I was given four commissions appointing me to different positions during my tenure over the next four years. Each commission began with these words: “Reposing special trust in the integrity … of [your name] the president appoints you to [your position]” This preamble should have been an imperative for me to fulfill my part of the covenant between myself as a public servant and my fellow citizens.

However, in response to what I erroneously concluded was a national security crisis involving the leak of the Pentagon Papers to The New York Times, I committed a serious crime. I approved a “covert operation” to get derogatory information on the leaker of those documents and deprived a fellow citizen of his right to be free from an unreasonable, unwarranted search of his office, violated the “special trust” that was reposed in my integrity, and breached my duty under the covenant.

Read the rest:
http://news.yahoo.com/s/csm
/20090120/cm_csm/ykrogh

Obama, Biden: Fight Scandal, Corruption, Bad Government Please….

January 20, 2009

New government or old government we all want and deserve good government.  Honesty.  Integrity.  Wisdom.  But most of all no illegal activity.

One Democrat will miss Barack Obama’s inauguration in Washington DC today:  Portland, Oregon Mayor Sam Adams, who lied about an affair with a youngster….

This comes soon after the Baltimore Mayor Sheila Dixon scandal broke into the media…

Among other things, the city’s first black female mayor is accused of stealing gift cards meant for needy families and treating herself to fur coats and pricey hotel stays on her developer-boyfriend’s tab.

Jurors in Baltimore city, typical jurors, they render verdicts from the gut,” said Warren A. Brown, a city defense attorney for more than 20 years. “To hell with the law, to hell with the facts, they will render a verdict that they think is fair, is right.”

Not so fast with that “to hell with the law” talk, Sport.

Add to this the troubles of the Illinois Governor Rod Blagojevich and others before him (like Spitzer in New York and the Mayor of Detroit, Kwame Kilpatrick….) and it is obvious that we still have a way to go before we know that our governments are “clean”….

Kwame Kilpatrick
Former Mayor of Detroit Kwame Kilpatrick

Good lesson for the New Obama Administration: keep it clean and honest….

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Associated Press

More than a year after denying it, the newly elected mayor of Portland has admitted having a sexual relationship with a male teenager in 2005.

Sam Adams, who is openly gay, acknowledged the relationship in a statement Monday, after the Willamette Week newspaper broke the story on its Web site.

In Washington, D.C., for the inauguration, Adams will cut his trip short to issue a public apology Tuesday afternoon in Portland, said Wade Nkrumah, his spokesman.

Adams, 45, said he and the teen were together in the summer of 2005, shortly after the teenager turned 18 in June, and when Adams was a city commissioner. The revelations come nearly a year and a half after Adams and the teen said rumors of a sexual relationship between them were false.

“I lied at the time because I was afraid that people would believe untrue rumors being circulated by an undeclared mayoral opponent that I had broken a law involving sexual relations with a minor. But this is not a good excuse,” Adams said in his statement.

Despite the rumors, Adams coasted to victory in his race, making Portland the largest U.S. city to ever elect an openly gay mayor. He was sworn in Jan. 1.

In his statement Monday, Adams apologized to the teen for making him lie about the relationship. He also apologized to colleagues and voters.

The young man, now 21, did not immediately return a request for comment.

Related:
Democratic Scandals Boring, Less Sexual, But Genuine
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Carville’s 2009 Predictions: Stand By For More Democrat Scandals

By Sara Smith
News 4, NBC, New York

Now Democrats have reclaimed the White House and both parties of Congress, so of course they’re obliged to pull double duty in both sexual and political scandals. Let’s see, they’ve got the sex scandals pretty well covered: who can forget such luminaries as Eliot Spitzer, Patron Saint of Hookers; Tim Mahoney, the proud Florida Democrat with multiple mistresses who replaced the Republican with the “drinking problem”; the lizard-tongued humanoid adulterer John Edwards; and last but not least, America’s greatest mayor and sexiest texter, Kwame Kilpatrick.

John Edwards
Lizard-tongued what?

William Jefferson, official photo.jpg

Above: Democratic Congressman William “the Refrigerator” Jefferson of Louisiana in better days….


Former New York Governor’s “friend”….

In this Tuesday, Dec. 30, 2008 file photo, Illinois Gov. Rod ...
Not guilty of anything…In this Tuesday, Dec. 30, 2008 file photo, Illinois Gov. Rod Blagojevich has some final words for the media after he announces his choice of former Ill. Attorney General Roland Burris to fill President-elect Barack Obama’s U.S. Senate seat in Chicago. The U.S. Department of Homeland Security has revoked embattled Gov. Rod Blagojevich’s access to classified federal security information, officials said Friday.(AP Photo/Paul Beaty, file)

Rep. Charlie Rangel, D-N.Y., smiles as he leaves the House of ... 
Rep. Charlie Rangel, D-N.Y., smiles as he leaves the House of Representatives, Capitol in Washington, Wednesday, Dec. 10, 2008. (AP Photo/J. Scott Applewhite)

Why Obama’s green jobs plan might work

January 4, 2009
Some states — including Michigan — already see renewable energy as their future: It’s the only sector that appears to be making room for more employees despite the recession.
By Marla Dickerson
The Los Angeles Times
January 4, 2009
Reporting from Hemlock, Mich. — While Detroit’s automakers struggle to rebuild their sputtering operations, the key to jump-starting Michigan’s economy may lie 80 miles northwest of the Motor City.

This is the home of Hemlock Semiconductor Corp. It makes a material crucial for constructing photovoltaic panels. And that has turned this snow-covered hamlet into an unlikely hotbed for solar energy.
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On Dec. 15, the same week that General Motors Corp. and Chrysler begged $17.4 billion from taxpayers to stave off collapse, Hemlock announced a $3-billion expansion that could create hundreds of jobs. It’s a rare piece of good news for this battered Rust Belt state, whose 9.6% unemployment rate is the nation’s highest.

In contrast to Detroit iron, Hemlock’s quartz-based polycrystalline silicon is in such demand that workers in white smocks and protective gear toil around the clock to get it to customers around the globe.

Hemlock has been deluged with applications from idle factory hands such as former autoworker Don Sloboda. The 50-year-old Saginaw resident has been retraining at a local community college for what he hopes is the region’s new engine of job growth.

Read the rest:
http://www.latimes.com/business/la-fi-
greenjobs4-2009jan04,0,378269.story

With Unions, Republicans Ring Death Knell

December 13, 2008

Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers.

By Tom Krisher and Kimberly S. Johnson
The Associated Press

United Auto Workers (UAW) union president Ron Gettelfinger (R) ...
UASW president Ron Gettelfinger (R) holds a press conference at union headquarters to discuss the failure of the bailout plan in Congress in Detroit, Michigan. The White House said Friday that it may tap a 700-billion-dollar rescue package to save US automakers from immediate collapse, a policy reversal hailed by Democrats and a major labor union.(AFP/Getty Images/Bill Pugliano)

The vitriol had been near the surface for weeks as senators from states that house the transplant automakers’ factories criticized the Detroit Three for management miscues and bloated UAW labor costs that lawmakers said make them uncompetitive.

But the UAW stopped biting its tongue after Republicans sank a House-passed bill Thursday night that would have loaned $14 billion to cash-poor General Motors Corp. and Chrysler LLC to keep them out of bankruptcy protection. The Bush administration later stepped in and said it was ready to make money available to the automakers, likely from the $700 billion Wall Street bailout program.

Still, autoworkers remain angry with the senators who tried to negotiate wage and benefit concessions from the union, then scuttled the House-passed bill that would have granted the loans and set up a “car czar” to oversee the nearly insolvent companies and get concessions from the union and creditors. Their top targets were Senate Minority Leader Mitch McConnell, R-Ky.; Sen. Bob Corker, R-Tenn., who led negotiations on a compromise; and Sen. Richard Shelby, R-Ala., who has been a vocal critic of the loans.

Read the rest:
http://finance.yahoo.com/news/Angry-UAW-memb
ers-lash-out-at-apf-13823458.html

Pontiac G6 and Chevrolet Malibu's are shown at the General Motors ... 
Pontiac G6 and Chevrolet Malibu’s are shown at the General Motors Orion Assembly plant in Orion Township, Mich., Friday, Dec. 12, 2008. Festering animosity between the United Auto Workers and southern Senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers.(AP Photo/Paul Sancya)

$14B auto bailout dies in Senate

December 12, 2008

A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year’s end.

Republicans, breaking sharply with President George W. Bush as his term draws to a close, refused to back federal aid for Detroit’s beleaguered Big Three without a guarantee that the United Auto Workers would agree by the end of next year to wage cuts to bring their pay into line with Japanese carmakers. The UAW refused to do so before its current contract with the automakers expires in 2011.

The breakdown left the fate of the auto industry — and the 3 million jobs it touches — in limbo at a time of growing economic turmoil. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.

Democratic leaders called on Bush to immediately tap the $700 billion Wall Street bailout fund for emergency aid to the auto industry.

By JULIE HIRSCHFELD DAVIS and KEN THOMAS, Associated Press Writer

Senate Committee on Banking, Housing, and Urban Affairs Committee chairman Senator Christopher Dodd (D-CT) speaks on the phone after a vote on Capitol Hill on Thursday night.

Senator Christopher Dodd of Connecticut after the vote on Thursday night. Mr. Dodd was among the negoti ators working on the bill.Brendan Smialowski for The New York Times

Majority Leader Harry Reid, D-Nev., called the bill’s collapse “a loss for the country,” adding: “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight.”

GM said in a statement it was “deeply disappointed” that the bipartisan agreement faltered. “We will assess all of our options to continue our restructuring and to obtain the means to weather the current economic crisis,” the company said. Chrysler, too, said it “will continue to pursue a workable solution to help ensure the future viability of the company.”

The White House said it was evaluating its options in light of the breakdown on Capitol Hill.

Read the rest:
http://news.yahoo.com/s/ap/20081212/ap_on_go_co/co
ngress_autos;_ylt=AtfAzt2dXAA4LvS8E6_k3g.s0NUE

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GM, Chrysler Could Collapse

The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats.
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The failure to reach agreement on Capitol Hill raised a specter of financial collapse for General Motors and Chrysler, which say they may not be able to survive through this month.

After Senate Republicans balked at supporting a $14 billion auto rescue plan approved by the House on Wednesday, negotiators worked late into Thursday evening to broker a deal, but deadlocked over Republican demands for steep cuts in pay and benefits by the United Automobile Workers union in 2009.

Read the rest from the New York Times:
http://www.nytimes.com/2008/12/12/busin
ess/12auto.html?_r=1&hp

Chicago, Other Cities: Corruption is No Stranger

December 9, 2008

CHICAGO MAY be the third-largest city in the U.S. and the “Second City” when it comes to culture, but without a doubt, Chicago is America’s first city when it comes to political corruption.Not a day has passed in the last five months without the media exposing some lurid story of city hall corruption. The current ruler of Chicago, Mayor Richard Daley II–who just a short time ago was considered by Time magazine to be one of the best mayors in the country–suffered the humiliation of being interrogated by the U.S. Attorney’s office about the recent scandals.

ByJoe Allen
Socialist Worker.com

The recent revelations of corruption in Chicago politics may come as no shock in the city identified around the world with Al Capone. Yet what has been hidden is how the corruption was organized by the “City’s Fathers”–the mobsters, the politicians and the businessmen.

Robert Cooley’s When Corruption Was King is an insider’s account of how the mob and their Democratic Party allies ruled the “city that works” in the 1970s and ’80s–especially how they “fixed” the judiciary. Cooley, the son and grandson of Chicago police officers, learned quickly that if he wanted to be a successful lawyer he had to deal with the Democratic Party’s First Ward leader Pat Marcy.

Read the rest:
http://socialistworker.org/2005-2/557/557_13_ChicagoCorruption.shtml

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Sex, Lies and Corruption in Detroit

Earlier this year, Mayor Kwame Kilpatrick of Detroit was convicted and had to resign his office.  He was caught in a sexual relationship with his chief of staff and some of the evidence against him included hundreds of text-messages that were love notes to the woman.  He initially denied the charges and then was caught in a web of lies….

Marion Berry of Washington DC

By Sharon LaFraniere
Washington Post Staff Writer
Friday, Jan. 19, 1990; Page A01

D.C. Mayor Marion Barry was arrested on charges of possession of cocaine last night at the downtown Vista International Hotel after a fast-moving undercover investigation by the FBI and D.C. police that began several weeks ago, according to law enforcement officials and sources familiar with the arrest.

Sources said that the mayor, who was arrested shortly after 8 p.m., smoked crack cocaine in the hotel room. The sources said the mayor was with a longtime female friend of the mayor who agreed to work with federal authorities.

The woman, who came to the District recently from California, did not smoke cocaine or engage in sexual activity with mayor before his arrest, the sources said. The encounter took place over about an hour and was video and audio-taped, sources said…..

Read the rest:
http://www.washingtonpost.com/wp-srv/local/long
term/tours/scandal/barry.htm

Juggernaut of U.S. Industrial Might Now “Rust Belt,” For Good Or Bad?

December 7, 2008

From the 1940s and the industrialization of World War II, a vast expanse of America became the the “induatrial hearland,” much of which was centered upon the factories that made the  automobile and other vehicles.

Iron ore came from Duluth, Minnesota via the Graet Lakes to Cleveland, and then passed by rail to Pittsburgh.  Akron made rubber for tires and Detroit was the centerpiece of it all, the automobile factory of the world.

I grew up in that industrial Midwest, watching the ore ships pass through the lakes and waiting for the local railroad, the “Nickle Plate,” to pass.  I left the Midwest in the 1970s and pretty much forgot about the industrial hearland until my return in the 1990s.

Logo

To my surprise, the industrial heartland had become the “Rust belt.”

Today, Detroit is a troubled ghost town.

Early tank production at the Army Tank Aresenal
Early tank production at the Army Tank Arsenal, Detroit.
Photo courtesy Albert Kahn Associates

Today, nations with lower labor costs, less interest in human rights and little concern for full coverage healthcare have passed the industrial U.S. by.

And as we read about “saving the Big three Automobile Makers” I am not sure how I feel.  But I do know that a nation without industrial might is often lost before long.

China can make our lawn furniture and Japan and Germany can make our cars.  But what do we in America make that is affordable enough and desireable enough to appeal to both American buyers and the world community at large?  We export “culture” in the form of movies, music and DVDs.  Plus we export computer know-how and software.  But where is the beef?

I my view, and this is certainly an unfinished thought, we can not be an American Superpower for long without one facet of that superpower: the ability to out design and outbuild others who would gladly produce more for less and sell it to a consumer nation.

John E. Carey
Peace and Freedom

U.S. Consumer Spending is Two-Thirds of Economy

By Annie Baxter, Minnesota Public Radio

More than two-thirds of the nation’s Gross Domestic Product derives from everyday stuff like dining out, buying a new shirt or visiting the dentist. About 14 percent stems from private investment, for instance companies purchasing new machinery or building new factories. And the rest comes from government spending on things like bridge building, schools, and defense.

You can find varying notions about whether the mix is right or not.

“A lot of analysts would argue we need to increase the amount of investment spending.”

“Government spending is not, unless done wisely, the answer.”

And some notions are a little more “out there” than others…

Larger view
New GDP numbers show that more than two-thirds of the U.S. economy is made up of consumer spending. (Justin Sullivan/Getty Images)

Read the rest:
http://minnesota.publicradio.org/display/web/200
8/10/29/gdp_numbers_consumer_spending/

Related:
Get the Feeling Russia and China Are Slicing Up The World and the U.S. Will Be Left Out?

Get the Feeling Russia and China Are Slicing Up The World and the U.S. Will Be Left Out?

December 6, 2008

The world is about competition.

Do you get the feeling that China and Russia are slicing up the world pie?  Or want to?

At Peace and Freedom, we get the feeling that Russia and China are grabbing all the economic value from the world and leaving the U.S. to happily make subsidized cars in Detroit. Case in point is the current global foray of Russian President Dmitry Medvedev  who is wrapping up a gigantic business trip to nations like Venezuela and India.

Russian President Dmitry Medvedev (R) waves as Indian Prime ... 
Russian President Dmitry Medvedev (R) waves as Indian Prime Minister Manmohan Singh looks on at a welcome ceremony in New Delhi. Singh hailed a landmark nuclear deal signed with Russia on Friday as a “milestone in the history of our cooperation” after meeting in India with Medvedev.(AFP/Raveendran)

Like it or not, where the U.S. isn’t, China and Russia thrive.

Earlier this year China’s President Hu Jintao completed a multi-nation trip to Africa.  Mostly, he seized opportunities to cheaply exploit raw materials desperately needed by China’s industrial dragon.  President Hu even went to Sudan despite international condemnation of the genocide in Darfur.

A Chinese bank employee counts stacks of hundred yuan notes ...

China also has recently completed the largest seaport in the world at Gwadar in Pakistan.

Russia and China often work in tandem — as they do in behalf of  Iran.  China and russia have the lions share of the business dealing with Iran, so when the U.S. proposes sanctions on Iran’s nuclear program, China and Russia block the effort together.

Human rights takes a back seat in Russian and Chinese business.  And both nations have their top guy out there globally beating the bushes in favor of homeland businesses.

When the U.S. was agast at human rights abuses in Myanmar, China objected and protested the junta.  China wants Myanmar’s oil.


Homeless, displaced refugees in Darfur.  But China still pours money into Sudan in exchange for oil….

Add this to the many challenges of Barack Obama.  Sitting in the U.S. watching the United Auto Workers kill off the car industry as we gear up to produce environmentally pure “Made in the U.S.A.” windmills might be fine for some; but we’d like to add our voice to those that believe the U.S. needs to be a major global business.

We need to think big.  We need to redevelop  the U.S. infrastructure with jobs and billions of dollars of spending.  But we also need to hunt out and drag home a lot more of the global market.

Wherever the U.S. is shy to go in the world: Medvedev and Hu Jintao do not fear to tread.  They have been — or they plan to go.

By John E. Carey
Peace and Freedom

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Extra:

China Now Holds Most of U.S. Debt

China passed Japan to become the U.S. government’s largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing’s economic influence over the American economy.
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China’s new status — it now owns nearly $1 out of every $10 in U.S. public debt — means Washington will be increasingly forced to rely on Beijing as it seeks to raise money to cover the cost of a $700 billion bailout. China, in fact, may be the government’s largest creditor, period. The Treasury does not keep records on domestic bond holders. But analysts said China’s holdings are so vast that the existence of a larger stakeholder in the United States now seems unlikely.

By Anthony Faiola and Zachary A. Goldfarb
The Washington Post

Read the rest:
http://www.washingtonpost.com/w
p-dyn/content/article/2008/11/18
/AR2008111803558.html?wprss=r
ss_business%2Feconomy