The Centre for Economics and Business Research recently estimated that China's economy will overtake that of the United States by 2028 — five years sooner than earlier estimates due to the coronavirus pandemic.
President Joe Biden appeared intent on reducing that timeline even further by reversing all of President Donald Trump's efforts to keep the United States at the top of the heap.
And Xinhua news agency, a Chinese state media known primarily for hard news reporting, confirmed that. On Inauguration Day it tweeted, "Good Riddance, Donald Trump!" They knew which side their bread was buttered on.
Biden signed some 30 executive orders and actions, most of which will undermine the U.S. economy, turning "America First" into China first.
His executive order revoking the permit for the Keystone XL pipeline's construction alone will result in:
- The loss of some 11,000 jobs paying American workers an estimated $1.6 billion in wages — at a time when jobs are at a premium.
- The distrust of Canada, America's No. 1 trading partner.
- The loss of regulatory certainty, which will prevent future investment in similar projects.
- The increase of CO2 emissions: instead of sending 800,000 barrels of oil per day from Alberta to the Texas Gulf by pipeline, it will now have to arrive by truck or rail.
Similarly, Biden's 60-day moratorium on drilling permits and new oil and natural gas leases will result in:
- The loss of thousands of high paying jobs and the income that would result.
- A blow to state budgets. In New Mexico alone, oil and gas development added $2.8 billion into state coffers during the 2020 fiscal year.
- The United States being no longer be energy independent — a blow to national security.
Biden also reentered the United States back into the Paris climate accords. The reason former President Trump withdrew from the international agreement was its heavy toll to Americans with no corresponding benefit.
The Heritage Foundation estimated this move will decrease the national GDP $2.5 trillion by 2035, and cost an American family of four $20,000. Americans can find better use for the money without joining an expensive club.
Other orders Biden signed include:
- Reversing the travel ban from African and Middle Eastern countries that have elevated terrorism concerns, posing another blow to national security.
- Pausing construction of the Southeastern border wall, raising a number of concerns including COVID infection and national security.
- Revoking the Trump administration's plan to exclude non-citizens from the 2020 census.
- Ordering schools to allow biological males who claim to identify as females to compete in women's sports and use women's locker rooms, thus putting an end to high school and collegiate women's sports.
On the pandemic issue, in mid-October he said, "We're eight months into this pandemic, and Donald Trump still doesn't have a plan to get this virus under control." He added, "I do."
On Friday, however, he threw in the towel, admitting, "There's nothing we can do to change the trajectory of the pandemic in the next several months."
Also on Friday, Biden called a lid for the weekend to rest up after the strain of signing 30 executive orders and actions others had prepared for him.
Most of the orders were an attempt to distinguish himself from the previous administration. To that end, Biden even fired the White House chief usher because he was brought on board by President Trump. Shortly after that the new president and Mrs. Biden found themselves locked out of the presidential mansion because … there was no chief usher to let them in.
In late October Biden promised, "I'm not going to shut down the country. I'm not going to shut down the economy. I'm going to shut down the virus."
In truth, he's doing the exact opposite: He's shutting down both the country and the economy, and appears unsure of his own handling of the virus.
But more than anything, the flurry of orders, directives and actions signed within his first 60 hours in office give the country a bad visual. It's the opposite of the democracy that Democrats are always harping about protecting. It reeks of totalitarianism, of fascism.
Imagine this scene:
Biden is in the Oval Office, where he has just signed dozens of sweeping executive orders within hours of taking office.
Meanwhile, the White House and the Capitol building are surrounded by a 12-foot fence topped with razor wire, and are guarded by thousands of armed troops, and he thinks to himself ...
"We've finally saved democracy and defeated fascism."
It's the very definition of delusional. It's not "democracy," and it's definitely not "America First" — it's dictatorial and China first.
The next four years may be a long, cold winter.
Michael Dorstewitz is a retired lawyer and has been a frequent contributor to BizPac Review and Liberty Unyielding. He is also a former U.S. Merchant Marine officer and an enthusiastic Second Amendment supporter, who can often be found honing his skills at the range. Read Dorstewitz's Reports — More Here.
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