Todd Tiahrt: “last year our trade deficit was $670 billion, our Federal budget deficit was about $300 billion, and our government made…”

“last year our trade deficit was $670 billion, our Federal budget deficit was about $300 billion, and our government made it more and more difficult last year to keep and create jobs here in America. Barriers have been created and erected by Congress, and the results have been the wrong environment for the current day economy. The world is changing. The world is getting more and more technical, and we, as a country, are not measuring up, and we are headed towards a third rate economy. What a third rate economy means to our national security, to the future of our children is rather startling, and it is something we need to start preparing today to change. We must change the environment for keeping and creating jobs here. In 10 to 20 years from now, we are looking at countries like China, currently with 1.3 billion people, India with 1 billion people, add that to Southeast Asia, and they get a group of about 3 billion people. Currently, they are in talks with trying to create an Asian Union, similar to the European Union, with the yuan as the currency of choice. This would be a very strong economy. It would be very difficult for America, who currently has the strongest economy in the world and the envy of the world, to compete with that. Last year, China graduated 350,000 engineers. India graduated 80,000 software engineers alone. They are preparing for the future. Today, a columnist for MSNBC wrote an article called, ``Can China build its own Silicon Valley?…”