19th-century Americans ~ By Patrick J. Buchanan

Pat Buchanan reminds us of how America used to be, and it is what China is becoming: An economic and eventually military superpower. How did this happen? Or, should we ask, why is this happening? Something doesn't seem right about this. Just sayin'...

The Chinese of 2010 call to mind 19th-century Americans who shoved aside Mexicans, Indians and Spanish to populate a continent, build a mighty nation, challenge the British Empire – superpower of the day – and swiftly move past her in manufacturing to become first nation on earth. Men were as awed by America then as they are by China today.

America seems a declining superpower. She cannot defend her borders, balance her budgets or win her wars. Her educational system at the primary and secondary level is a shambles. In the first decade of the century, she lost one of every three manufacturing jobs. In this second decade, she is looking at trillion-dollar deficits to 2020. The world is losing confidence in her ability to manage her surging national debt.

By Patrick J. Buchanan

Posted: April 23, 2010 ~ 1:00 am Eastern

© 2010

"Thank you, Hu Jintao, and thank you, China," said Hugo Chavez, as he announced a $20 billion loan from Beijing, to be repaid in Venezuelan oil.

The Chinese just threw Chavez a life-preserver. For Venezuela is reeling from 25 percent inflation, government-induced blackouts to cope with energy shortages and an economy that shrank by 3.3 percent in 2009.

Where did China get that $20 billion? From us. From consumers at Wal-Mart. That $20 billion is 1 percent of the $2 trillion in trade surpluses Beijing has run up with the United States over two decades.

Beijing is using its trillions of dollars in reserves, piled up from exports to America, to cut deals to lock up strategic resources for the coming struggle with the United States for hegemony in Asia and the world.

She has struck multibillion-dollar deals with Sudan, Brazil, Kazakhstan, Russia, Iran and Australia to secure a steady supply of oil, gas and vital minerals to maintain the 10 percent to 12 percent annual growth China has been racking up since Deng Xiaoping dispensed with Maoism and set his nation out on the capitalist road.

China has dozens of nuclear-power plants under construction, has completed the Three Gorges Dam – the largest power source on earth – and is tying the nation together with light rail, bullet trains and highways in infrastructure projects unlike any the world has ever seen.

Contrast what China is doing with what we are about. We have declared vast regions of our country, onshore and offshore, off-limits to drilling for oil and gas. We have not built a nuclear-power plant in 30 years or a refinery in 25 years. We have declared war on fossil fuels to save the planet from global warming.

Given the power of the environmental lobby to tie up projects in endless litigation, we could never today build our Interstate Highway System, Hoover Dam, the TVA or the Union Pacific Railroad.

Determined to take America's title as the world's first manufacturing nation, as she has taken Germany's title as the world's leading exporter, China keeps her currency undervalued and demands of those who sell to China that they also produce in China. As America's share of the world economy steadily falls, China's share has doubled. This year, China will overtake Japan as the world's second-largest economy.

READ FULL STORY at WorldNetDaily.com

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