Comments on: Can China’s signs of recovery help the US?

By: Cliff Vaz

Cliff Vaz — Tue, 05 May 2009 20:41:18 +0000

I believe that China’s stimulus package is working faster because of a few reasons. One, it is indeed a communist country and that obviously means that the money is being allocated to the places that the government wants it to be; without any debate from the general public. Also, the money appears to be going into areas that are helping to rebuild the economy and they are seeing results at a far greater pace than the United States. I think that we could use what China’s done as a guideline as to “what works” to get things moving in the right direction. However therein lies the difficulty: because we are a democracy a lot of “red tape” is needed to go through certain processes. People do need to remember though that everything revolves in cycles. What goes down eventually must go up!

By: Chris Marino

Chris Marino — Fri, 01 May 2009 05:31:45 +0000

I think chinas plan worked faster because like it is stated above they are communists and their government doesnt care about the peoples oppinion unlike America were there is to damn many oppinions. China puts money were they think it will benefit the econemy because they want to be on top and they dont care who it affects. America has to go through to much B.S. to get anything done becasue we are a democracy and if you dont act carfully it will blow up in your face. So that to me is why it worked because we put humanity and corporate greed first and they put power first and china never would have given its executives that bailout money. As far as china helping us if they recover, i think that will only happen if we can still benefit them in the future and if not they will kick us while we are down.

By: Lauren LaCommare

Lauren LaCommare — Fri, 01 May 2009 03:18:11 +0000

The Chinese stimulus package is being invested in key areas such as housing, rural infrastructure, transportation, health and education, environment, industry, disaster rebuilding, income-building, tax cuts, and finance unlike the US where the stimulus is given as a check in hopes that it is invested into the economy.

By: John Devlin

John Devlin — Fri, 01 May 2009 03:12:16 +0000

i think we can learn alot from what they have done and it can teach us what to do because they have already gone through it all

By: John Shaw

John Shaw — Wed, 29 Apr 2009 22:30:06 +0000

Sometimes I think these stimulus plans are a joke. If they get big enough such as this everyone is paying so much into them that they have less to buy and have a good time with themselves and everyone is just miserable. I think there are a lot of things in a stimulus plan that need to be taken out. Only the things of greatest importance should receive money but we often see some stuff where we are all like “WHAT?! THAT MUCH MONEY GOING TOWARDS THAT?!” but again I don’t have an answer. China is growing exponentially compared to us and the rest of the world. They will be a world power and already are. Its scary to think one day we might have to bow down to them in their seniority. One reason their plan is working, is because they probably have the money going towards more prudent things. They also have a ton more people to ‘donate’ to this stimulate plan than we do. They also are probably the biggest exporter of goods in the world. How much crap do you see in stores and virtually all of it is made in CHINA?! Sometimes I think if we cut off most imports we could catch back up. The problem is people want everything cheap. The problem with that is China can produce it grossly cheap. And American companies and such order from China to save money to themselves and in a way the American people because they can also sell it somewhat cheap. And how can Americans compete? I think its a good idea for us to start putting out more quality products. Such as cars that actually get good gas. The problem is all foreign things are generally cheaper or the same price but better in a lot of ways. If only we put the drive into doing this to our own products, we could rely more on ourselves, production would be up, more people would have jobs, we wouldn’t have to deal with foreign policy because we’re buying our own stuff, etc. But it is probably too late. Not to mention this country is in so much debt that we are already OWNED BY FOREIGN country’s already. Just we all don’t know it yet.

By: Arthur DiPaolo

Arthur DiPaolo — Wed, 29 Apr 2009 21:50:55 +0000

China’s signs of recovery can help the US and also can’t. In ways they can help is by increasing demand for their exports but this might not work because this is the worst economic out since the 1930’s for us. Ways they cant help the US is by not getting the help from the countries China is, Such as in ways like imports of oil, iron ore and other raw materials. These imports came about in March. China’s stimulus package seems to be working faster because they aren’t in the same trouble we’re in. China owned banks and avoided the turmoil that worn down Western institutions. Also government debt is low compared to ours, so this is a big reason why their stimulus is going easier and more smoothly.

By: Andrea Rovedo

Andrea Rovedo — Tue, 28 Apr 2009 00:12:43 +0000

It doesn’t surprise me that China is doing better than the US. China understands what the effects of the downward economy is and they fixed it right away because there is no argument where the money is going. I think the US should take lessons from China in ways to bring our economy up. I do agree with mark about the fall of the dollar and the effect on China, but we really need to lift our economy up. I think American’s really just need a reality check and need to be wise with their money, not give it out for raises in a company.

By: Mark Hester

Mark Hester — Mon, 27 Apr 2009 18:49:26 +0000

Any improvement in China’s economy is good news for our economy. This is because a world economy is currently developing, and at the moment the dollar is the universal currency in this world economy. The fact is that China has more money invested in the dollar than any other nation on Earth. So in retrospect, China should be more worried about the United States entering a period of inflation, because if that happens the dollar will greatly drop in value, leaving China in a very bad position.

By: Brandon Friend

Brandon Friend — Mon, 27 Apr 2009 16:08:04 +0000

I agree that China’s situation could or could not help the U.S. I definitely think we should take some pointers from them and how they were able to keep the exports to a minimum. China’s tactics are executed precisely and in a timely fashion. Obama needs to figure out how to go forth with a more solid plan and attempt to keep our exports down as well. However, I don’t foresee us acting as proficiently as China. That’s what separates us from them. Seriously though Charles…you gotta believe anybody is better in office than Bush.

By: Charles J. Legendre

Charles J. Legendre — Sat, 25 Apr 2009 17:39:37 +0000

The Chinese government is like stated in previous blogs, much more strict and absolute than the U.S. government. The funds from their stimulus plan were allocated efficiently enough to actually help the economy go into the right direction. The U.S. stimulus package a.k.a. U.S. spending plan, greatly exceeded the Chinese package in size. The question stated is will the Chinese recovery help the recovery of the U.S. The answer is multifold. Yes, the recovery COULD help the U.S. recovery effort if we took them as an example. It will not help us though, because we must do things completely differently that the Chinese, like extend our stimulus money to executives of major companies. We might as well give it all up to them. It will probably be just as efficient as our current path, only a quicker death for our economy. We are now in a recession and on the verge of a depression. Our luckiest break would be if China, after recovering fully, would lend us a helping hand in our recovery. If not, I might have to move there like my brother and prosper off of their economic turn around. All in all, I have no faith for the rediculous spending plan implemented by Obama. I think I’d rather see BUsh back… Ouch!