Biden Says US Must Invest Because China "Eating Our Lunch"

[beijingwalker]

Biden Says US Must Invest Because China "Eating Our Lunch"
Speaking in deep-Republican Louisiana, Joe Biden pitched his $2.3 trillion infrastructure proposal as a way to secure US preeminence on the global stage as much as fixing dangerous bridges and roads.
WorldAgence France-PresseUpdated: May 07, 2021 2:14 am IST

Lake Charles:
President Joe Biden warned Thursday that Congress needs to adopt his multi-trillion dollar spending plans to renew the US economy because China is "eating our lunch."

Speaking in deep-Republican Louisiana, Biden pitched his $2.3 trillion infrastructure proposal as a way to secure US preeminence on the global stage as much as fixing dangerous bridges and roads.

The plan is popular among Democrats but Republicans in Congress either oppose what they see as an uncontrolled spending spree or are proposing something far more modest.

Biden argued that his plan, which would fund traditional infrastructure like road transport, but also pour money into things like broadband internet and electric car research and development, will pay off.

It is "a blue collar blueprint to rebuild America, to supercharge our economy so we can move goods, get to work, become more competitive around the world," he said, standing at an outdoor podium in Lake Charles.

In the background was the 70-year-old Calcasieu River Bridge, which Biden called an example of major, heavily over-used US bridges needing not just repair but replacement.

Republicans object to Biden's call for funding infrastructure by raising the corporate tax rate from 21 to 28 percent.

He also touted his $1.8 trillion American Families Plan, which proposes expanding education and social protections and would be paid for through tax increases on the most wealthy.

Biden said a new vision is needed, focusing on research and development, because "the Chinese are eating our lunch. They're eating our lunch economically. They're investing hundreds of billions of dollars in research."

"If it keeps going the way, they're going to own the electric car market in the world," he said. "We've got to compete."

Next week, Biden is scheduled to negotiate at the White House with senior Republicans.

https://www.ndtv.com/world-news/us-...invest-because-china-eating-our-lunch-2436680

 

[Beast]

@Viva_Viet @Viet

I thought u say Chinese are poor peasant and earn only $6600 per annually. But we are eating lunch of $64000 annually american wages for lunch?

Though Chinese are slave and making cheap made in China products for american to enjoy? Now end up, the slaves are american , slogging and even giving lunch to Chinese.. So now , american are eating dirt?

 

[Viva_Viet]

@Viva_Viet @Viet

I thought u say Chinese are poor peasant and earn only $6600 per annually. But we are eating lunch of $64000 annually american wages for lunch?

Though Chinese are slave and making cheap made in China products for american to enjoy? Now end up, the slaves are american , slogging and even giving lunch to Chinese.. So now , american are eating dirt?

Why asking me ?? ask your PM Li ....ah, u are not allowed to ask him

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China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million poor with $140 monthly income: Premier Li Keqiang

China has over 600 million people whose monthly income is barely 1,000 yuan (USD 140) and their lives have further been affected by the coronavirus pandemic, Premier Li Keqiang said on Thursday.Get latest Economy online at cnbctv18.com

www.cnbctv18.com

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[Dalit]

LOL at eating our lunch. The Americans still haven't landed on earth. The hypocrisy is mind numbing.

 

[beijingwalker]

Washington on Beijing’s growing influence in Latin America: “China is literally eating our lunch”​

• PARIS BEACON
• APRIL 2, 2022

Latin American countries are moving away from the US, while China’s influence in the region increases, they commented This Thursday US officials during a hearing of the Subcommittee on Foreign Relations of the Senate of the North American country.

“Concern over China’s growing footprint [en la región] is real and justified,” said Peter Natiello, representative of the United States Agency for International Development (USAID), who added that “Beijing’s strategy in the Western Hemisphere is broad and includes economic ties , investments in infrastructure, support for the security sector, education and research programs, as well as assistance in case of disasters and covid-19”.

Likewise, Natiello indicated that the US is concerned about “the coercive, exploitative and predatory tactics that China often employs.”

In turn, Edward Markey, a Democratic senator from Massachusetts, lamented that the Asian giant “has a plan”, but Washington does not, pick up South China Morning Post. “China is literally eating our lunch,” said Bill Hagerty, a Republican lawmaker from Tennessee. arguing that Latin America is the US’s “backyard” and zone of influence.

Kerri Hannan, Deputy Assistant Secretary of State for the US Office of Western Hemisphere Affairs, spoke along the same lines, stressing that her country’s goal is to “promote a more democratic, inclusive, secure, prosperous Western Hemisphere and climate-resilient, aligned with US values and interests,” as well as “counter Beijing’s propaganda and disinformation campaigns in the region.”

Washington on Beijing's growing influence in Latin America: "China is literally eating our lunch" - Paris Beacon-News

Latin American countries are moving away from the US, while China’s influence in the region increases, they commented This Thursday US officials during a hearing of the Subcommittee on Foreign Relations of the Senate of the North American country. “Concern over China’s growing footprint [en la...

www.parisbeacon.com

 

[beijingwalker]

Map of countries that import more from the U.S, Germany or China

 

[Shaheen123]

What does the US expect? While America was busy exporting wars, proxy wars, instability, coups, and regime changes to countries in Latin America, Africa, and the Middle East China was building it's soft power by providing development project, loans, infrastructure, etc.

 

[beijingwalker]

What does the US expect? While America was busy exporting wars, proxy wars, instability, coups, and regime changes to countries in Latin America, Africa, and the Middle East China was building it's soft power by providing development project, loans, infrastructure, etc.

 

[Shaheen123]

Hey these were all valid as they were for our national security! America will never compromise on our national security even if it means assassinating or throwing out democratically elected leader, destroying countries, supporting terrorists, and starting proxy wars! /s

 

[Whirling_dervesh]

Maybe if u yanks spent less time engineering coups and insurrections , supporting one junta against another and just generally being a bunch of arsewipes you may be respected more instead of hated by the world