What does the United States have to offer Asians?
It is borrowing $600 billion a year from the rest of the world to finance a $1.2 trillion government debt, most prominently from Japan (China has been a net seller of Treasury securities during the past year). It is a taker of capital rather than a provider of capital. It is a major import market but rapidly diminishing in relative importance as intra-Asian trade expands far more rapidly than trade with the United States. And America's strength as an innovator and incubator of entrepreneurs has diminished drastically since the 2008 crisis, no thanks to the Obama administration, which imposed a steep task on start-up businesses in the form of its healthcare program.
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