Obama To Expand Economy! IN CHINA!

 

The Chinese business sector must be in trouble. Why else would President Obama be sending taxpayer dollars there to modernize China’s energy grid, hire private-sector consultants to help its Ministry of

Environmental Protection and separately help to modify the nation’s corporate laws?
The U.S. Trade & Development Agency, or USTDA – technically designated as an “independent” White House agency – is funding these and other initiatives, all of which aid China while simultaneously benefiting U.S. contractors.

While USTDA arguably is a relatively small agency – its FY 2014 budget request is just under $63 million – it consistently undergoes criticism and calls for closure. Former Rep. Ron Paul and free-market think tanks such as the Cato Institute regularly denounce it as among the most duplicative and wasteful of all federal entities.

Despite its relatively small budget, the agency often pays contractors to help foreign-aid recipients to secure financial assistance via other U.S. taxpayer-funded entities, such as the Export-Import Bank of the United States and the Overseas Private Investment Corporation.

 http://www.wnd.com/2013/07/u-s-picks-up-tab-to-expand-chinas-economy/