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1、On One of Barack Obamas PoliciesThe United States congress passed the new economic stimulus plan. This is a $780 billion budget plan. The plan is the core of the tax cuts and consumption. We analyze the scheme of the United States of the consequences. We compare the plan with ten years ago southeast
2、 Asia economic crisis.Above all, seeing the problem of southeast Asia economic crisis. On the surface, southeast Asias economic crisis is the large international businessmen operating results. The problem is in the following respects. To export oriented labor-intensive industrial development advanta
3、ges, along with the rising cost of labor force and market competition intensifying is falling. The southeast Asian countries and regions the mode of economic growth and economic structure not timely and effective adjustment, cause less competitive, foreign export growth slow, cause the current-accou
4、nt deficit remains high. In 1996, Thailand current-account deficit payments for $23 billion. South Korea is as high as 23.7 billion dollars. Bank loans too loose, real estate investment, commercial vacancy rate rose, the occurring of bank. Bad debt, and other non-performing assets increasing inflati
5、on. Thailand financial institutions appear factory serious cash flow problems, South Korea several large enterprise insolvency declared bankruptcy, Japan several financial institutions collapse, Indonesia is credit crisis deepens. These economic factors influence on all sides of the markets and the
6、stock market. Economic growth relying too heavily on foreign capital, a lot of introducing the foreign capital and lead to increased foreign debt. The Thai foreign debt in 1992 for $20 billion, 1997 years before the currency depreciation has reached 86 billion us dollars, south Korean foreign debt m
7、ore than 15 00 $.Exchange rate system rigidity. In recent years of international major currencies dollar has great appreciation, southeast Asian countries and regions of the exchange rate was not made adjust. Thus the phenomenon of appear overestimate, increasing product prices and export down sharp
8、ly. These countries and regions devaluation is imperative. Currency devaluation and led to repay debt capacity drops further, inflation pressure increased, prompted a market decline. In the open conditions and strain capacity is not fully, prematurely open financial market, to join the international
9、 financial integration. When the international hot money made waves flight, some southeast Asian countries and regions at a loss or measures ineffectively, completely in a passive position.From the above several questions to see, the United States fully comply with the back a few more.The United Sta
10、tes doesnt seem comply with article 1. We dont think that the United States is not the technology intensive labor intensive. Technology is a lot of people do together work, especially information technology, the difference lies in the degree of high and low. The export of technology intensive thwart
11、ed consequences still serious. High technology also means high generation rate. Basic life safeguard of low technology still want. All of the above features in the United States now with the situation. We remember of the international monetary fund countermeasures is government spending restraint, t
12、ightening, the tax cuts. After the pain after adjustment, southeast Asia are still not fully restore the status at the time. Malaysia not completely obey, is also over the the homeownership. On the surface, as if the world monetary fund countermeasures is invalid, but the actual is in line with econ
13、omic law. Malaysia is other countries to help him in for some losses, his economic weight less. American spending more than his creation ability. Now the right way is increase its creativity. The tax cuts is the method of basic right. How the economy operation after the tax cuts, only a way to reduc
14、e government spending and increase economic balance ability. The U.S. governments like have this aspect of will. The U.S. now this policy is extremely selfish approach, its only one way to gather capital.This way is treasury bonds issued. This policy is to the world to bear the cost, the domestic pr
15、oblems on to other countries in the world. This is to give the world a human its belligerency and extravagant waste the check. There are two consequences of this.The one is that the international economy is more random. Americas national debt too much too overcharging, this can only lead to other co
16、untries also claims to spam national debt way. In order to maintain a normal world economic model, unrest will be more.The other is that the dollar devaluation sharply. The world of the credit to the United States has more of doubt.It lead to hot money away from us. Flocked to the raw materials of t
17、he market, the raw material rises would further in the United States, and the world economic recession.The United States want to use the same policies to stimulate the economy as Chinese. Chinas economic stimulus policy is the basis of domestic consumption fatigue and high savings, and the American
18、consumer too high and save too little. The two countries are completely different decision-making basis. The right way should be cut government spending in order to achieve the purpose of economic balance .Obamas economic stimulus plan Obamas economic stimulus plan is in the transfer of domestic crises.