Xiden to spend 200 Billion on global infrastructure.

Yes, I know. They have been for decades. Places we look at as just full of savages living in mud huts they see as future customers.

Like them or not, China has a far better grasp of doing things for the future than we do
I get the decades rant. They have a plan. We were the sleeping giant that woke up during WW 2. They are the sleeping giant that we gifted to them in all ways competition. Our reward was a few decades of low-price products while we increased the size of all levels of government to pay people off. Time is a variant. Decisions mad at one point in time cause ripples in the future. We have different views on Social Security. But it takes more and more percentages to pay for it. The Medicare part is becoming a mountain in costs. The SLS rocket is an albatross. The costs to launch it can only lower if we launch a lot of them and it will still be expensive. China will do it cheaper to get to the moon and further out.
 
Yes, I know. They have been for decades. Places we look at as just full of savages living in mud huts they see as future customers.

Like them or not, China has a far better grasp of doing things for the future than we do
Keep voting democrat . Are you an American or are you a Democrat?
 
America last. Pulling a page from the China playbook.

  • G7 leaders unveiled a $600 billion plan to take on China's massive infrastructure projects at their summit in Germany on Sunday afternoon
  • It comes amid growing alarm that Beijing is winning influence by building roads, bridges and airports throughout the developing world
  • The White House said Biden is committing $200 billion for the initiative
  • They include solar projects in Angola and a vaccine plant in Senegal
  • Officials said they offered a better deal than China's debt-laden projects
The White House announced plans on Sunday to raise $200 billion for solar projects in Angola, an undersea telecommunications cable linking the Far East with France via Egypt, and nuclear power production in Romania as part of a huge G7 infrastructure plan designed to compete with China's massive Belt and Road initiative.

The proposals were unveiled on the first day of the G7 summit in Germany, where world leaders met to discuss the global economy and Russia's war in Ukraine.

In all, G7 nations will commit $600 billion to the effort over the next five years, President Joe Biden announced, calling the investment a humanitarian, economic and security concern.

Biden spoke with the rest of G7 leadership standing behind him, the Bavarian Alps visible in the distance.

'Developing countries often lack the central infrastructure to help navigate global shocks, like a pandemic, so they feel the impacts were acutely, and they have a harder time recovering,' he said. 'That's not just humanitarian concern. It's an economic and a security concern for all of us.'

The money will be spent in a variety of sectors, including health, climate, energy and gender equity.

'These strategic investments are areas of critical to sustainable development, and our shared global stability, health and health security, digital connectivity, gender equality and equity, climate and energy security,' Biden said.

He argued the investment would boost the U.S. economy and economies around the world.

'I want to be clear this isn't charity. It's an investment that will deliver returns for everyone, including the American people and the people of all our nations. It will boost all of our economies. It's a chance for us to share our positive vision for the future,' he said.

The White House said its $200 billion in grants and federal financing would help low income countries meet their economic and national security needs.

'And this will only be the beginning: the United States and its G7 partners will also seek to mobilize hundreds of billions in additional capital from other like-minded partners, multilateral development banks, development finance institutions, sovereign wealth funds, and more,' said the White House.

Biden named the idea 'Build Back Better World' - after his troubled domestic agenda - when he introduced it at last year's G7 summit.

Now it is called the Partnership for Global Infrastructure.
The Third World War Must Be Fought Against the Third World

Let China waste its sweatshop loot on those permanently backward swarms pretending to be nations.
 

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