Why Elizabeth Warren Wants America to Be More Like Communist China
Warren thinks China's infrastructure spending is a model for the U.S.
Massachusetts residents who tuned in to the Olympics opening ceremony saw a new 30-second campaign commercial from the Democratic candidate for U.S. Senate, Elizabeth Warren, that said America should be more like Communist China.
“We've got bridges and roads in need of repair and thousands of people in need of work. Why aren’t we rebuilding America?” asks Warren, a professor at Harvard Law School who served in the Obama administration. “Our competitors are putting people to work, building a future. China invests 9% of its GDP in infrastructure. America? We’re at just 2.4%. We can do better.”
The ad juxtaposes robust Chinese cranes and dump trucks with decaying American bridges and idle but sympathetic-looking American workers wearing hard-hats.
Warren has been in the news lately as an inspiration for President Obama’s “you didn’t build that” comment. And Mr. Obama himself has been making somewhat similar points about infrastructure on the campaign trail. >>>
Warren’s approach is so flawed that it’s amazing that her campaign would spend the money on putting it into a prime-time Olympics commercial that was presumably designed not to alienate people but rather to get them to vote for her. You really have to see it to believe it.
The first problem is mathematical. U.S. gross domestic product is about $15 trillion a year. Increasing infrastructure “investment” to the 9% Chinese level that Warren cites would mean an additional $1 trillion a year in government spending. That’s an immense spending increase. To put it in context, the entire federal government spent about $3.6 trillion in 2011, on revenues of about $2.3 trillion.
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Interesting read. She is just what any 'American' communist/ socialist/ fascist regime would want in a candidate. She does realize that if we emulated China all her environmentalist friends would be jailed or shot, doesn't she? That the EPA would no longer exist? This is what passes as a college professor today?
Originally Posted by txradioguy
