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Biden calls China a 'ticking time bomb' due to economic troubles


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SALT LAKE CITY (Reuters) - U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.

“They have got some problems. That’s not good because when bad folks have problems, they do bad things,” Biden said at a political fundraiser in Utah.

Biden's remarks were reminiscent of comments he made at another fundraiser in June when he referred to President Xi Jinping as a "dictator." China called the remarks a provocation.

Those comments came shortly after U.S. Secretary of State Antony Blinken completed a visit to China aimed at stabilizing relations that Beijing described as being at their lowest point since formal ties were established in 1979.

 

China's consumer sector fell into deflation and factory-gate prices extended declines in July. China may be entering an era of much slower economic growth with stagnated consumer prices and wages, contrasting with inflation elsewhere in the world.

The United States, the world's largest economy, has fought high inflation and seen a robust labor market.

"China is in trouble," Biden said on Thursday. He said he did not want to hurt China and wanted a rational relationship with the country.

Biden on Wednesday signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips. China, which has the world's second largest economy, said it was "gravely concerned" about the order and reserved the right to take measures.

 

FULL STORY

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18 hours ago, Tug said:

He and his TEAM are in a position to know what’s going on,I liked his comment (wanting a rational relationship) makes perfect sense

As long as Xi and his CCP are in power only a fool would think a rational relation is possible.

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23 minutes ago, candide said:

The Chinese are quite rational. They just don't have the same objectives as the U.S.

If Xi were rational he wouldn't be saber rattling in regards to China's neighbors surrounding the South China Sea.  He is not rational if he thinks invading Taiwan will not backfire.

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2 hours ago, Hawaiian said:

As long as Xi and his CCP are in power only a fool would think a rational relation is possible.

I think you are seeing the carrot not the stick that stuff is discussed behind closed doors underestimate Joe Biden at your peril (just ask putin)

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17 minutes ago, Bkk Brian said:

I think the Chinese know that its the first time in 200 years the US military has no Chief of Staff with more than 300 vacancies for promotion not being filled all because of one Republican senator Tommy Tuberville. Blocking all this because of protest on Pentagon policy on abortion.

If you mean the U.S. Army,  Gen. Randy George has taken over until someone is confirmed by the Senate.  As for the 300 vacancies, most could go unfilled and nothing much would change.

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On 8/12/2023 at 11:35 AM, Hawaiian said:

You mean that the Pentagon is run by woke brass that haven't figured out why recruiting goals are not being met causing our armed forces to be  seriously undermanned.  The Chinese know that.  They also know that Biden is foolishly depleting our strategic oil reserve in order to bring gas prices down.  They even bought some of that oil.

And what's this ask putin (sic) bit?

Can you tell us why young people aren't joining the armed services? Could it be due to fact that most of them are physically unfit?

America Is so Out of Shape and Fat, It's Putting U.S. Army Soldiers in Danger

The U.S. Army is struggling to find physically fit recruits and it's a threat to national security, according to a report from researchers at The Citadel, a military college in South Carolina, released Wednesday.

The researchers found the issue is particularly evident in 11 Southern states–––Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Texas––where recruits were found to be "significantly less fit and/or more likely to become injured than recruits from other U.S. states."

https://www.newsweek.com/america-so-out-shape-and-fat-its-putting-us-army-soldiers-danger-778840

 

What about pay? Are you aware that when jobs are plentiful in the civilian sector, it's a lot harder for the military to recruit staff?.

Can the military solve its recruiting crisis?

In no small part, military recruitment has dipped in recent years thanks to a more competitive job market in which the army "used to be the sole entity…that said 'Hey, we'll pay for your college,'" Army Recruiting Command Sgt. Maj. John Foley told the Army Times in 2022, the same year recruitment hit its all-time low. "Now lots of organizations — lots of companies — out there are doing the same," he added, calling it an increase in "their value proposition." With the labor market "the tightest it has been in decades," agreed the Wall Street Journal's Ben Kesling, "plenty of other options exist for young people right out of school."

https://news.yahoo.com/military-solve-recruiting-crisis-162548401.html

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19 minutes ago, Hawaiian said:

If you mean the U.S. Army,  Gen. Randy George has taken over until someone is confirmed by the Senate.  As for the 300 vacancies, most could go unfilled and nothing much would change.

As for the 300 vacancies, most could go unfilled and nothing much would change.

 

Because you know that of course, thanks for such analysis and you have no problem with Tommy Tuberville blocking it then out of sheer spite.

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7 hours ago, Hawaiian said:

If Xi were rational he wouldn't be saber rattling in regards to China's neighbors surrounding the South China Sea.  He is not rational if he thinks invading Taiwan will not backfire.

Has he invaded Taiwan yet?

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40 minutes ago, Bkk Brian said:

As for the 300 vacancies, most could go unfilled and nothing much would change.

 

Because you know that of course, thanks for such analysis and you have no problem with Tommy Tuberville blocking it then out of sheer spite.

D.C. is a dirty place controlled by filthy people.  Compromise is now a dirty word in Congress. 

I remember Colin Powell's wife asking him not to run for president because she had enough of the place.

And no, I don't approve of Sen. Tuberville holding our military hostages. 

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Just now, Hawaiian said:

D.C. is a dirty place controlled by filthy people.  Compromise is now a dirty word in Congress. 

I remember Colin Powell's wife asking him not to run for president because she had enough of the place.

And no, I don't approve of Sen. Tuberville holding our military hostages. 

D.C. is a dirty place controlled by filthy people.

 

Words straight out of the Trump handbook

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6 minutes ago, Bkk Brian said:

D.C. is a dirty place controlled by filthy people.

 

Words straight out of the Trump handbook

It was a swamp before Trump got there.  Trump wanted to drain the swamp, but he couldn't find the plug.

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Just now, Hawaiian said:

It was a swamp before Trump got there.  Trump wanted to drain the swamp, but he couldn't find the plug.

Yes another promise he broke and instead he presided over a norm-shattering expansion of private interests in government.

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On 8/12/2023 at 2:02 PM, Hawaiian said:

D.C. is a dirty place controlled by filthy people.  Compromise is now a dirty word in Congress. 

I remember Colin Powell's wife asking him not to run for president because she had enough of the place.

And no, I don't approve of Sen. Tuberville holding our military hostages. 

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

That's from the 14th Amendment to the Constitution. Only one party has indulged in questioning the validity of the public debt. And I'll give you a hint as to who it is: not the Democrats.

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1 minute ago, placeholder said:

You're the one who raised the issue. Not me. You should write a post criticizing yourself for having done so.

Stop confusing yourself.  Have you you been taking lessons from Biden and Harris?

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On 8/12/2023 at 2:34 PM, placeholder said:

You're the one who raised the issue. Not me. You should write a post criticizing yourself for having done so.

That said, as the article I've linked to shows, there is a valid reason to connect Putin's dilemma  vis a vis Ukraine to Xi's dilemma vis a vis Taiwan:

Xi’s losing bet on Putin is backfiring

"In geopolitical terms, however, Xi is incurring large and growing losses from his gamble on the Russian warlord...  

...Skillfully led by Biden, the United States, Europe and key Asian democracies have rallied to Ukraine’s defense. NATO is recharged and expanded, and the logic of collective security is spreading to Asia. 

In fact, Chinese officials are loudly complaining about NATO’s strengthening ties with Asia countries. “

https://thehill.com/opinion/international/4147745-xis-losing-bet-on-putin-is-backfiring/

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44 minutes ago, Hawaiian said:

No, maybe Putin warned him of the mess he is in for invading Ukraine.  LOL.

The Chinese are playing the long game. If they invade Taiwan, because they are rational, they will only do it when they will be able to do it (they are ready from a military POV), and when the context is favourable ( ex an isolationist government in the U.S.)

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