Only China's People Power Can Bring Recovery
US consumers won't spend us out of the downturn - they lack the leverage: recession ends the old cycle of the US buying up Chinese goods, fueling global growth, building Chinese savings thus financing US borrowing. ++ Recovery is endangered. ++
China could become the alternative buyer, but so far the low income of families and the lack of a safety net has restrained spending power . ++ We must pressure China diplomatically, yet firmly, to provide some basic economic security and free its consumers-to-be to save the global economy.
