Finance, Forex and Investments

Is Obama to blame why China and India have stronger economies?

Remember he has only beein in office for 9 months.

Public Comments

1. Well he certainly hasn't done wonders for our image.
2. No he's not.
3. Bush is the culprit!
4. China and India have poorer economies. And I think Obama is doing a fine job with this country.
5. No he's not. China and India have been growing year by year for the last 10 years, their growth has nothing to do with Obama or Bush or Clinton or anyone else for that matter. If anythings to blame its capitalism. If your the CEO of a company and you want to make more money what would you do? Employ someone in the western world who's pay is at the very least 5dollars an hour. Or employ someone in an emerging economy who will do the same job for peanuts?
6. Just wait, after Cap and Trade passes, their economies will be doing even better. The last remaining manufacturers will Leave the U.S. for both China and India.
7. I will blame the Unions. They started off for a good reason. Back when children were working 55 hours a week and workers were being exploited by tycoons. Now the Unions have become themselves, corrupt and driven costs to produce things so high that American companies have had to move abroad or to the South to keep up with Asian businesses that make things cheaper.
8. Yes and No. Yes because government does nothing about the huge trade imbalance between the west, and countries like China. Outsourcing continues to be a problem with India. But we can also blame Walmart and other large corporations for stocking only "made in China" stuff on their shelves. And we can blame ourselves for buying "Made in China" stuff, and putting up with companies that have customer service centers originating from India.
9. True, he has only been in office 9 months but he has set a record unmatched in the history of America for borrowing from China. *
10. It's the fault of the American people. American people want cheap goods and services. Companies then shift manufacturing and service centers to China and India to reduce costs. So blame yourself for buying all that "made in china" crap that has made china an economic superpower today.
11. THERE IS NOONE TO BLAME FOR! WE SHOULD SEE THINGS IN A BROADER SPECTRUM! NOT THE LAST FEW HUNDRED YEAR... LETS SAY FROM 1BC OR SOO... CHINA AND INDIA WERE MAJOR ECONOMIES TILL THE COLONIAL ERA COMBINED ACCOUNTING FOR ABOUT 50% OF WORLDS GDP!!! EN THAT A FACT! SO WHAT WE SEE NOW IS ON THE BROADER SPECTRUM THE REVIVAL FROM A "SLOW DOWN"/"STILL STAND" OF THE "CYCLE". DURING THE COLONIAL ERA BOTH NATIONS WERE EXPLOITED BY ALL MEANS... ALSO ECONOMICALLY! WITH TIME WHEN CHINA AND INDIA WILL BE ON TOP EB THEN OTHER NATIONS WILL START RISING... THATS THE CYCLE