Condi: Global growth is the way forward

posted at 3:31 pm on November 13, 2012 by Erika Johnsen

Because it’s a bit of a slow-ish day and because the importance of encouraging robust economic growth in the face of our current global crises cannot be understated, here’s former Secretary of State Condoleezza Rice with a solo (click on the image to watch via RCP). She gets it, emphasis mine:

Photobucket

Because always in international politics, when you have these upheavals, there is a country that steps forward to have a view of how human history is going to unfold, and for that last almost seventy years, that country has been the United States of America. … The president has a big to-do list. First and foremost, of course, it’s to get the U.S. economy in shape again, to deal with the debt crisis. We all know the story, we all know the fiscal cliff, we all know that America can’t lead if indeed, our own fiscal and economic house is not in order. Indeed, everybody across the world knows that if a country loses control of its fiscal destiny, it loses control of its destiny. … But the thing that Europe needs most right now, and in fact the United States needs most right now, is global growth. If you could put on the agenda of the president of the United States a plan for global growth, so that this shrinking pie doesn’t exacerbate all of the political tensions out there, Europe would be helped, Japan would be helped, the United States would be helped. And it starts with reinvigorating the trade agenda.

As President Obama leads, or at least puts on a show of leading, the upcoming fiscal-cliff negotiations, we’re going to keep hearing an emphasis about “fairness” — but fairness does nothing to bring about economic prosperity, which is the truest, most efficient, most penetrating way to materially help the greatest number of people — on a global as well as a micro scale. The Republicans have the policy right: Measures that encourage economic growth are what’s going to bring in more revenue and make more people wealthier and more self-sufficient, while the Democrats proposals will just keep us piddling along in the economic shallows.


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Good luck with that, now that its all one big socialist workers paradise.

cool breeze on November 13, 2012 at 3:34 PM

first

royzer on November 13, 2012 at 3:35 PM

sigh!…

royzer on November 13, 2012 at 3:36 PM

everybody across the world knows that if a country loses control of its fiscal destiny, it loses control of its destiny

They know?

the_nile on November 13, 2012 at 3:37 PM

Condi: Global growth is the way forward

Global Socialism/Marxism growth?

Global jihadist growth?

Forward!!!

Marcola on November 13, 2012 at 3:41 PM

I guess I don’t understand what is so amazing about Rice. She states the obvious and gets tremendous accolades for doing so. Slow news day indeed.

echosyst on November 13, 2012 at 3:45 PM

Ya, thats why my family has worked its ass off now from the 1870′s now , so’s that Codi Rice can feel good and the commies in China and the almost commies in Europe can make a living off their poor worker classes.

Work so that America does good. If that happens to help others so be it.

APACHEWHOKNOWS on November 13, 2012 at 3:46 PM

everybody across the world knows that if a country loses control of its fiscal destiny, it loses control of its destiny

They know?

the_nile on November 13, 2012 at 3:37 PM

Most of the world does not appear to know this.

INC on November 13, 2012 at 3:47 PM

“Absolutely true Condi. For everyone except America.”
… Barack Obama

clippermiami on November 13, 2012 at 3:47 PM

She gets it, emphasis mine:

But…. but…. she can’t be a true conservative because she’s pro choice!!!!!

Commenters at Hot Air told me so.

UltimateBob on November 13, 2012 at 3:51 PM

More Condi Rice, more Bobby Jindal, and more Mia Love and a whole lot less Kristol, Rove, and Bush and maybe, just maybe, Republicans can become a majority party again.

RobertE on November 13, 2012 at 3:57 PM

Global growth, global taxes, global regulation, GLOBAL PARADISE!

Wigglesworth on November 13, 2012 at 3:59 PM

Condi……Bush Administration…….FAIL…….go away.

Please. Now.

PappyD61 on November 13, 2012 at 4:01 PM

Could we get Donald Trump to give her a call?

I can get a mid sized charter (maybe borrow his) to show her what some county’s idea of trade has done to some towns in the US.

Then I have an economics guy who can supply macro figures on what the

1) endless unemployment by folks with no demand for products they can make

2) frauds on disability who are trying to save their home and family,

3) worthless investments in education so people with Masters degrees fight depression while living with mom

4) extra costs in medical aid for the idle and the illegals gaming the system

5) effect on investment when Wall Street and private investors see no growth and wait to see if educating, feeding and insuring another 20 million people in reasonable social programs will bleed us dry

6) challenge of supplying a rich nation, “euro style” life and benefit package to a population with a large component of underclass barely capable of a third world productive output and to do this without substantial capital investment in machines and equipment

7) impact of chasing new energy across the whole economy with double or triple the cost of known sources.

O’Reilly? Hannity?

IlikedAUH2O on November 13, 2012 at 4:07 PM

Globalism … Globalism … Globalism thats all I hear about these days. Question: if your country is rotting from the center, how will Globalism save it?

ChunkyLover on November 13, 2012 at 4:09 PM

Globalism my hairy a$$…

Rinos are more dangerous than libs.

BTW; Tasty Video Treat

deedtrader on November 13, 2012 at 4:12 PM

shrinking pie

:(

Axe on November 13, 2012 at 4:13 PM

Globalism my hairy a$$…

Rinos are more dangerous than libs.

deedtrader on November 13, 2012 at 4:12 PM

+1000

riddick on November 13, 2012 at 4:15 PM

Rice, along with Rove, Coulter and a whole bunch of other RINOs should go away. She voted for “change” in 2008, and I am sure voted for more “change” last week, no reason for conservatives to ever hear anything she’s got to say.

riddick on November 13, 2012 at 4:17 PM

So, if D.R. Horton pays the illegals say $10.00 per hour and he makes $100,000,00 per qt. and builds all these homes.

Then the illegals send 70% or more of that pay back to grandma in Mexico.

Then the whole world feels good, the elites get re-election money from the low bid contractors who use the highest and pay them the lowest to the illegal wage slaves.

Every one is so happy now.

APACHEWHOKNOWS on November 13, 2012 at 4:17 PM

Not one important bill the Democrats wanted for the last 24 years got the votes needed unless they got some RINO’s to enable it.

1000% a RINO problem.

APACHEWHOKNOWS on November 13, 2012 at 4:19 PM

But…. but…. she can’t be a true conservative because she’s pro choice!!!!!

Commenters at Hot Air told me so.

UltimateBob on November 13, 2012 at 3:51 PM

Broken clocks and all that.

More Condi Rice, more Bobby Jindal, and more Mia Love and a whole lot less Kristol, Rove, and Bush and maybe, just maybe, Republicans can become a majority party again.

RobertE on November 13, 2012 at 3:57 PM

True. Of course, we’ll actually be Democrats at that point, but sure.

psrch on November 13, 2012 at 4:25 PM

you folks are finally figuring out that the difference between the blue and red teams is very little

burserker on November 13, 2012 at 4:25 PM

Looks like the pod-people have gotten to her too…:(

Irenaeus on November 13, 2012 at 4:39 PM

Is is possible Condi is as worthless now as she was under Bush?

Mr. Arrogant on November 13, 2012 at 4:41 PM

And with that comes the rise of Rand Paul.

*Shudder*

newtopia on November 13, 2012 at 4:46 PM

Man, everyone posting today are gloomy gusses……

Cept’ me!

itsspideyman on November 13, 2012 at 4:48 PM

First Christie, then Jindal, now Rice.

“Let’s face it people, we really need to join hands with the liberals.”

Yeah, let’s double down on Mitt-failure, squish Republicanism because that’s worked out so well before!

Man, the Establishment just doesn’t get it.

newtopia on November 13, 2012 at 4:48 PM

True. Of course, we’ll actually be Democrats at that point, but sure.

^This

newtopia on November 13, 2012 at 4:49 PM

Question: if your country is rotting from the center, how will Globalism save it?

Indentured servitude.

newtopia on November 13, 2012 at 4:50 PM

Where and why does Condi think President Revenge wants this country to lead in the world. That would require exceptionalism, Si?

This proposition is antithetical to a Marxist who feels the USA dictates the world.

FlaMurph on November 13, 2012 at 4:56 PM

Wow. I feel like I am on a different page from most of you guys today.

Please tell me how, in a contracting domestic economy, you improve your situation by buying and selling only within your own country.

She is speaking about signing trade agreements with other countries to improve exports because the domestic market is not growing.

You are hearing dog whistles where there are none, IMO.

Mitsouko on November 13, 2012 at 4:58 PM

America is the only real Economic Engine, world wide. Benedict Obama has proven that without a strong U.S. economy, the entire world suffers! The amount of Ideological morons who continue to cut off their nose to spite their face, due to their Socialist/Marxist ideologies, is not going to slow until there is major personal pain and still, the psychotic Ideologues like the Marxist Messiah, will refuse to see reality! They’re insulated from reality by their ill gotten wealth, to the detriment of anyone who gets in their way! The Traitor-in-chief and his useful idiots will continue on with their policies and continue taking away America’s ability to help anyone else! As long as we allow the left to live without consequences for their actions, nothing will change!
Fight the Obama Enemy media or Kiss the Constitution Goodbye: http://paratisiusa.blogspot.com/2012/09/an-open-letter-to-those-who-should-know.html?spref=tw

God Bless America!

paratisi on November 13, 2012 at 5:01 PM

Good luck with that, now that its all one big socialist workers paradise.

cool breeze on November 13, 2012 at 3:34 PM

Global growth is out. Global warming is in. Bring on the “carbon taxes”. Spread the wealth poverty around.

petefrt on November 13, 2012 at 5:03 PM

It’s corruption and spending, stupid.

joshlbetts on November 13, 2012 at 5:03 PM

More Condi Rice, more Bobby Jindal, and more Mia Love and a whole lot less Kristol, Rove, and Bush and maybe, just maybe, Republicans can become a majority party again.

RobertE on November 13, 2012 at 3:57 PM

.
Majority party for POTUS…never again. IF whore dog Clinton keeps it in pants- no 43 in 2000, no Rep President win since ’88- and that was RR coattails at best. NOW – Add 12 million MORE hispanics to the voting rolls…….voila !

Hillary 2016-2024
Susan Rice 2024-2032

40-50 yrs. in the POTUS wilderness. Mitt will be as close as we will have come for a long time- if evah.

Senate and House races are all that will be up for a fight.

FlaMurph on November 13, 2012 at 5:06 PM

Erika – Stop chasing the premise of her statement like it’s fact. Those “leaders” don’t dare want to allow the deflationary purge that is so badly needed for growth. No one is investing because there’s so much BS that needs to be handled, perp walked, etc before a sensible business owner is going to believe the “growth” meme.

SkinnerVic on November 13, 2012 at 5:19 PM

Condi’s prolly “moderate” on a lot of issues … maybe she might be a good choice for the GOP Ayatollahs to put on the ballot in 2016? I mean, seeing as how they’re winning elections like “GANGBUSTERS” with moderate candidates like Willard and Snottie Brown?

HondaV65 on November 13, 2012 at 5:27 PM

Global Growth absent Global recession is a fantasy. Free Markets go up and down….Growth is never permanent, never ever, not even once. The sooner we educate the world that Global Growth requires cleansing cycles and downturns to weed out the inept businesses and governmental entities that inhibit growth….the better off we’ll be.

Afterseven on November 13, 2012 at 5:28 PM

Wow. I feel like I am on a different page from most of you guys today.
Please tell me how, in a contracting domestic economy, you improve your situation by buying and selling only within your own country.
She is speaking about signing trade agreements with other countries to improve exports because the domestic market is not growing.
You are hearing dog whistles where there are none, IMO.
Mitsouko on November 13, 2012 at 4:58 PM

No..everyone believes in free trade. It expands the output to be divided. Some international actors and domestic pols cause problems, however.

However, please check Peter Morici and he is not the most conservative I can cite and here is an article from him:

Mitt Romney is fundamentally a conservative politician. He wants to enforce a level playing field in trade with China and rely on international competition to recultivate American competitiveness. He would open up domestic petroleum development and forthrightly deal with environmental risks instead of shifting those to developing countries, as is the policy of President Obama.

Also, repealing Dodd-Frank would recognize its reforms have all but dried up private mortgage lending and credit for America’s best jobs creators—small and medium sized businesses. Sending federal dollars and decision making authority to the states to cope with runaway health care spending, instead of imposing costly mandates, would recognize the fallacy of federal omniscience.
You can also see:

Politics of 2% GDP growth: Obama sees progress; Romney sees failure from the Economic Policy Institute; 10/26/2012. On the web.

They support Trump (and the UAW some) and dislike President Obama’s policies.

IlikedAUH2O on November 13, 2012 at 5:45 PM

If you are worried about the rise of China, just consider this — the United States has negotiated — the United States has ratified only three trade agreements in the last few years, and those were negotiated in the Bush administration.

China has signed 15 free trade agreements and is in the progress of negotiating as many as 18 more. Sadly, we are abandoning the field of free and fair trade and it will come back to haunt us.

We must not allow the chance to attain energy independence to slip from our grasp. We are blessed with a gift of oil and gas resources here in North America, and we must develop them. We can develop them sensitively, we can develop them securing our environment, but we must develop them.

And we have the ingenuity to develop alternative sources of energy. Most importantly, Mitt Romney and Paul Ryan will rebuild the foundation of our strength, the American economy — stimulating private sector growth and stimulating small business entrepreneurship.

When the world looks at us today, they see an American government that cannot live within its means. They see an American government that continues to borrow money, that will mortgage the future of generations to come. The world knows that when a nation loses control of its finances, it eventually loses control of its destiny.

That is not the America that has inspired people to follow our lead.

After all, when the world looks to America, they look to us because we are the most successful economic and political experiment in human history. That is the true basis of American exceptionalism. You see, the essence of America, what really unites us, is not nationality or ethnicity or religion.

It is an idea. And what an idea it is. That you can come from humble circumstances and you can do great things, that it does not matter where you came from, it matters where you are going.

My fellow Americans, ours has never been a narrative of grievance and entitlement. We have never believed that I am doing poorly because you are doing well. We have never been jealous of one another and never envious of each others’ successes.

No, no, ours has been a belief in opportunity. And it has been a constant struggle, long and hard, up and down, to try to extend the benefits of the American dream to all. But that American ideal is indeed in danger today. There is no country, no, not even a rising China that can do more harm to us than we can do to ourselves if we do not do the hard work before us here at home.

More than at any other time in history, greatness is built on mobilizing human potential and ambition. We have always done that better than any country in the world. People have come here from all over because they have believed our creed of opportunity and limitless horizons. They have come here from the world’s most impoverished nations just to make a decent wage. And they have come here from advanced societies as engineers and scientists that fuel the knowledge-based revolution in the Silicon Valley of California, in the Research Triangle of North Carolina, along Route 128 in Massachusetts, in Austin, Texas, and across this great land.

We must continue to welcome the world’s most ambitious people to be a part of us. In that way, we stay young and optimistic and determined. We need immigration laws that protect our borders, meet our economic needs, and yet show that we are a compassionate nation of immigrants.

The above is the economic and immigration portions of her speech to the RNC on 29 Aug 2012. It’s obvious that she views the two as intertwined. Notice the similarity between this speech and the one cited by Erika.

http://blog.fewmets.org/index.php?amount=0&blogid=1&query=condoleezza+2012

unclesmrgol on November 13, 2012 at 11:26 PM

SkinnerVic on November 13, 2012 at 5:19 PM

Our economy tanked because of the interference of the Government. This was not a natural cycle — the catastrophe didn’t happen because of a build-up of failing businesses — it happened because the Government interfered in the mortgage market, and Wall Street did the obvious deflection and bundled the toxic loans the Government was forcing them to make into rather bad securities — and marketed same to anyone who could be convinced that hyperbolic growth in the mortgage marketplace would continue unabated forever (or, rather, for a very long time).

Had GM and Chrysler failed, it would not have been the end of automaking in the US — it would have been the end of bad automaking in the US. But, to face the obvious, that won’t happen until the UAW can’t buy any more politicians — which, in a nutshell, is never going to happen as long as there are Democrats.

Now, that deflationary purge you mention would be a lot lighter without Government involvement. We’ve survived going from buggies to trains to automobiles without much dislocation. Individual industries dying out (such as the television industry in the US) don’t harm us much — it’s the macro capabilities of a loose cannon like the Government which does the real damage.

I’m betting it’s the Chinese that pull everyone out — they have the largest unsated consumer class in the world. We just have to have stuff to sell them. The world isn’t like it was in 1933 — it’s a lot more interconnected. That’s why interference in the Keystone Pipeline by our Government isn’t fazing the Canadians — they know they have a market for their oil in China. And Obama can’t do a thing to stop those supertankers from China sailing off of our coasts.

unclesmrgol on November 13, 2012 at 11:42 PM