2006 Senate Race About Economics

I am now in Beijing. I was invited by the PRC Education Ministry to guest lecture at the Zhongnan University of Economics and Law in Wuhan. The lecture is about U.S. Enterprises and Finance/Valuation and the impact of our Government (policy and politics) as well as discussion on corporate intangible value.

Sounds like a snoozer, but this ranges from the Unocal to energy policy to trade imbalance to U.S. employment to the impact of a free floating yuan and China's massive purchasing of U.S. treasuries to fund the U.S. (or not!) to how copyright and patent infringement impedes a balance of trade (read deficit) and what could be done to develop global market parity.

Keep in mind China's physical and population size (India, too), but they're economy is still only one tenth the size of ours behind Italy's. They are focusing on subtle geopolitical pressure points which also includes military build up. This is not Mao's China any more gang! Now all of these economic and social issues plus social security/pensions, tax policy, universal health and education to name but a few are all coming to a head. We either put them in the hands of most representatives who know more about pork barrel and deficit spending than about solid fiscal management and leverage or we choose folks with the acumen and fortitude to make good, difficult decisions now with far reaching outcomes. Past history has shown voters are trumped by special interests with an eye towards selective gratification. Who benefits from new Bankruptcy laws for example?

People its time to think about economics, not just politics!

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