Obama economic stimulus plan will make China hova

According to the United States White House publishing news that on 8 September, Obama will be in Cleveland City on the United States to address the economic situation, will be announced increased employment package of economic stimulus measures, the scale of funds is approximately $ 100 billion.

Obama in financial crises over the past two years has hit out at 1000 dollars is considered a United States second round of economic stimulus plan started. And the end of 2008 in response to the financial crisis of 8000 billion plan, the objective is clear: increasing the employment rate. United States August unemployment 9.6% for some economists expected, from last year's stimulating experience, if not trillion stimulus, the unemployment rate in the United States will not be reduced to 8%. Although the district 1000 billion absolute enough, however, Obama is trying to launch.

On the second round of economic stimulus plan, and then hit $ 100 billion in difficulty: 8140 last up to us $ have already led to incentive funding for this year's budget deficit nearly 1.5 trillion, and now also wants to continue to "hit the money," will make deficits continue to rise, will inevitably lead to domestic and international outcry.

Obama then hit $ 100 billion advantages lie in State bonds market continues. Bleak prospects for economic growth and moderate inflation pressure led to global investors continued pursuit of beauty, beauty bond prices likely to rise for five months in a row. This makes 1000 billion debt financing in the market is not difficult.

However, we know that the United States interest rates has remained at near-zero level, the United States Government at that time began to hit the money, it is proposed to launch a second round of economic planning, on United States national course, very good. However, the will to bring about economic development in other countries. First, the United States hit money, dollar, dollar printed, bound to make over $ continued devaluation, while stimulating the United States economy, but it makes the world's foreign exchange reserves has shrunk considerably, particularly in China and other foreign exchange reserves in many countries the greatest loss. The particularity of $ determines the United States hit money, in fact, is the world's wealth of other national economic stimulus.

Second, the United States hit money, open up a second round of economic stimulus plan, makes the dollar, the United States for the implementation of the five-year plan greatly advantageous export multipliers. However, the dollar will make other countries ' currencies, such as: reserve powers of China and other emerging market countries and Japan and other countries. This will allow these countries hit exports and thus detrimental to national economic development, particularly as China this is not entirely free from national export-oriented economy.