Everyone has worked with someone who seems to always be busy, yet has time to aid others in getting their work done. Imagine the surprise when such a person is the first one out the door when things get tight. Why? Because he wasn't getting his own work done!

One has to wonder if the American people didn't elect just such a one last fall.

Barack Obama just got handed his warning notice by a mid-June 2009 New York Times/CBS News poll, in which the American people express a dissatisfaction with his performance regarding the economy. They are concerned that Obama is greatly expanding the deficit, for which they feel they are getting nothing but the bill. Hence, Obama's ambitious campaign agenda is just about finished, for without the faith and trust of the American taxpayer, he cannot overcome the spending objections raised by the GOP and the Blue Dog Democrats. The Gallup Poll of June 8, 2009 shows similar numbers, with Obama receiving high marks in every category that doesn't involve money. On those that do, Obama's headed to the woodshed. Maybe it's a good thing that we don't have a provision for a probationary period in our politics, or our political history would resemble Italy's.

So who has Obama been helping when he wasn't doing the job of repairing the economy for which he was elected? You might begin by looking at Wall Street. The New York Times recently discovered a group of Goldman Sachs execs celebrating. The reason? The Federal government was going to let them repay their TARP loans and remove the prospect that the Feds would dictate the incomes of these very execs. Can't have the government interfering with the private sector, you know!

But bigger changes to the American economy than TARP and its kin are on the way.

There is planning underway to attempt a three-way economic conference involving the US, China, and Japan. Both the US and Japan are reported to be seeking economic assistance. The US wants China to continue to prop up Treasury Bill sales (which they are reluctant to do), and Japan wants to sell more goods to China. Japan is more likely to be successful, as China is seeking to reduce its US dollar reserves, and would likely use dollars to purchase goods from Japan. For similar reasons, and with a similar goal, the EU is also expected to benefit from Chinese purchases. Lowering the number of dollars China holds is increasingly important to the Chinese, for they have plans. These plans are so important, they are even willing to give US dollars away. Their benefit would be enhanced international good will, and a more favorable reception for future initiatives. One such follows:

Article Author: Realist

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