Paul Kane, in the New York Times, forwards a bold proposal for saving our economy: Ditch Taiwan.

There are dozens of initiatives President Obama could undertake to strengthen our economic security. Here is one: He should enter into closed-door negotiations with Chinese leaders to write off the $1.14 trillion of American debt currently held by China in exchange for a deal to end American military assistance and arms sales to Taiwan and terminate the current United States-Taiwan defense arrangement by 2015. 

This would be a most precious prize to the cautious men in Beijing, one they would give dearly to achieve. After all, our relationship with Taiwan, as revised in 1979, is a vestige of the cold war.

I have no idea why he's thinking so small. Taiwan's GDP is about what, $450 billion? Japan is worth about $5.5 trillion. I bet we could get at least three trillion for it, even in this market. Selling Taiwan won't even make a dent in our debt, but selling Japan to China would be a serious down payment. Hey, we could throw in South Korea for another trillion. Heck, how much is ASEAN worth? Sell them the whole thing, maybe we'll all be able to collect Social Security after all. 

How much do you think we could get for Hawaii? That's kind of a vestige of the Cold War too, when you think about it. Do we really still need it? 

Comments:


Claire Berlinski, Ed.
Duane Oyen: Taiwan already owns a critical mass chunk of the Chinese manufacturing sector.  One reason that so much of the belligerent posturing and empty words over the Straits are just that- empty- is that one of the worst things that could happen to China is for  Taiwan to disinvest and thus tip over the applecart.

I agree. 

David Williamson
Joined
Mar '11
David Williamson
Astonishing: And if we can get them to take California off our hands, I say do the deal! · Nov 11 at 11:18pm

Excellent idea - throw in NY, MA, for free. Then the residents of those states can try out the socialist paradise that they crave (Oregon and Washington State are too nice to give away - give the residents the option to move to CA). Then add a few islands in the Bahamas, and Bermuda, to bring us back to 50 states.

The rest of us can then go back to being the USA.


Joined
Jun '10
Samwise Gamgee

I have some old baseball cards and beanie babies that I thought would be worth a lot more by now.  Maybe we can sell those.


Joined
Jun '10
Samwise Gamgee

I will use this duplicate post for something productive....

Do you ever wish you could breathe under water???

Edited on November 12, 2011 at 5:05pm

Joined
Apr '11
Raxxalan

The problem engineering a sale is that the Chinese would have to believe there are credible consequences to simply annexing Taiwan or Japan. Still if we set the price low enough...

Percival
Joined
Mar '11
Percival

Samwise Gamgee: I will use this duplicate post for something productive....

Do you ever wish you could breathe under water??? · Nov 12 at 8:04am

Edited on Nov 12 at 08:05 am

I'd rather be able to fly.  Being able to breathe underwater would be too seasonal around here to be of much use.  If I could fly, I could get to work in the winter without having to wait for a snow plow to clear the cul-de-sac.

Israel P.
Joined
Feb '11
Israel P.
Stuart Creque: Certainly we could get many trillions of dollars from the Arab nations in return for letting them wipe Israel off the map - just the appeal to Arab pride would make the deal irresistible. I mean, while we're talking about selling sovereign nations like they were America's to sell. · Nov 12 at 12:30am

Wouldn't work.  They want to get rid of us by jihad.

Misthiocracy
Joined
Aug '10
Misthiocracy

I'm sure Canuckistan would love to take Alaska off your hands for a song!

Sisyphus
Joined
Jul '10
Sisyphus

David Williamson

Astonishing: And if we can get them to take California off our hands, I say do the deal! · Nov 11 at 11:18pm

Excellent idea - throw in NY, MA, for free. Then the residents of those states can try out the socialist paradise that they crave (Oregon and Washington State are too nice to give away - give the residents the option to move to CA). Then add a few islands in the Bahamas, and Bermuda, to bring us back to 50 states.

The rest of us can then go back to being the USA. · Nov 12 at 7:37am

The problem with this is America's inability to defend any border anywhere in the 21st Century, and willingness to bail out banana republics by bankrupting our own. Secession would move them to the front of the line for foreign aid while assuring them tax free employment across the border creating an even bigger unmanaged flow of dollars across the border.

Sisyphus
Joined
Jul '10
Sisyphus

Israel P.

Stuart Creque: Certainly we could get many trillions of dollars from the Arab nations in return for letting them wipe Israel off the map - just the appeal to Arab pride would make the deal irresistible. I mean, while we're talking about selling sovereign nations like they were America's to sell. · Nov 12 at 12:30am

Wouldn't work.  They want to get rid of us by jihad. · Nov 12 at 10:48am

And how has that worked out for them so far?

Stuart Creque
Joined
Dec '10
Stuart Creque

Israel P.

Stuart Creque: Certainly we could get many trillions of dollars from the Arab nations in return for letting them wipe Israel off the map - just the appeal to Arab pride would make the deal irresistible. I mean, while we're talking about selling sovereign nations like they were America's to sell. · Nov 12 at 12:30am

Wouldn't work.  They want to get rid of us by jihad. · Nov 12 at 10:48am

But that's the beauty of the plan.  Once they buy Israel's destruction from the West, they'll get to treat it as a game preserve and launch a war of attrition against their captives.  It may take a while - a much longer while than they realize - but with the imbalance of resources, they can be certain of ultimately bagging their trophy.  Heck, the sultans in Dubai paid to develop robot camel jockeys for their amusement, so I imagine they can raise a robot army to do their fighting for them.

Sisyphus
Joined
Jul '10
Sisyphus

Stuart Creque

Israel P.

Stuart Creque: Certainly we could get many trillions of dollars from the Arab nations in return for letting them wipe Israel off the map - just the appeal to Arab pride would make the deal irresistible. I mean, while we're talking about selling sovereign nations like they were America's to sell. · Nov 12 at 12:30am

Wouldn't work.  They want to get rid of us by jihad. · Nov 12 at 10:48am

But that's the beauty of the plan.  Once they buy Israel's destruction from the West, they'll get to treat it as a game preserve and launch a war of attrition against their captives.  It may take a while - a much longer while than they realize - but with the imbalance of resources, they can be certain of ultimately bagging their trophy.  Heck, the sultans in Dubai paid to develop robot camel jockeys for their amusement, so I imagine they can raise a robot army to do their fighting for them. · Nov 12 at 3:53pm

With Mecca and Medina reduced to piles of radioactive ash? Brilliant jihad planning.


Joined
Jan '11
Chriscojo
Stuart Creque: Look, selling Taiwan is hardly the slam-dunk Kane thinks it is. After all, if reunification is as inevitable as he says it is, why would the Red Chinese pay the US for something they're bound to get eventually? No, the better property to offer and the better buyers would be Israel to the Arabs. Certainly we could get many trillions of dollars from the Arab nations in return for letting them wipe Israel off the map - just the appeal to Arab pride would make the deal irresistible. I mean, while we're talking about selling sovereign nations like they were America's to sell. · Nov 12 at 12:30am

While we're making these, eh, corrections in the geo-political landscape how about selling Israel to the Arabs, and moving the Israelis to Baha-California. Same climate, more defensible borders. Next year in Cabo!!!

Instugator
Joined
Aug '10
Instugator

Percival

Samwise Gamgee: I will use this duplicate post for something productive....

Do you ever wish you could breathe under water??? · Nov 12 at 8:04am

Edited on Nov 12 at 08:05 am

I'd rather be able to fly.  Being able to breathe underwater would be too seasonal around here to be of much use.  If I could fly, I could get to work in the winter without having to wait for a snow plow to clear the cul-de-sac. · Nov 12 at 10:22am

Me too, but only because it would make my lifelong dream something I could do every day. God I miss flying.

Glenn the Iconoclast
Joined
Apr '11
Glenn the Iconoclast
MMPadre: What would happen to US debt held by China if we went to war with each other?  Could the US simply then write it off?  Does that possibility cause any sleeplessness in Beijing?

During WW II, Lockheed had a plant in Germany that the 8th Air Force bombed.  After the war, the US government (i.e. the taxpayers) paid Lockheed reparations for the damage caused.  So it's a more complex issue than it might at first appear.


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