Now We Have The Chinese Telling Us How To Run Our Economy

Thus does the Perfectly Safe Globalization Of State Assets argument expire.

Because in its entirety it is a zero-sum game inevitably it results in at a least one horrible final crisis.

National Security.

As people above have asked, when the state surrenders economic control - what is left to defend the country from being plundered from without?

Assurances? Platitudes? Promises? Multilateral Memoranda of Understanding?

You have nothing.

You have the Pope's problem with a Hitler who asked of the Vatican representative - "How many divisions can you mount against us?"

This is not China's fault. I see the Chinese as pointing out that the whole world is looking to the USA. They rise or fall with us. I agree the USA needs to get back to a firm economic footing, by returning to a manufacturing base. The Big Money for Nothing mindset is poisonous. We need to restore the honor in Work. But I see this issue differently than the original poster. I think the stimulus is necessary, because of the tremendous damage to our way of life that climaxed during the Bush years, but was implied in what was already going on before to some extent. In a lot of ways, we have become uncompetitive on the world stage. With crumbling infrastructure, drastically expensive health care, or none at all for many, lagging broadband development, a caustic and unproductive political dialog, overemphasis on military might, etc, etc, etc, we need to get our edge back. Our economic engine needs to be restarted, our infrastructure brought into the 21st century, and the life of the people needs to become paramount in policy considerations. When the USA kicks into gear, there will be nothing that can stop us, and the whole world will benefit.

Interesting times are on the horizon.

Greater dangers await.

Pareo Nullus

Hey ya'll I think this is part of the global domination plan to bankrupt China. They get China to loan the US trillions of dollar and then when the economy collapses and they institute a new currency, they tell China, sorry but our money is not good and we aren't going to pay you what we owe. War ensues, and then China collapses.

Meanwhile the international bankers and military industrial complex rake in the profits once again. It doesn't matter who is president, Bush or Obama, they are all puppets and have been for a long time.

China is the biggest loan holder nation with a tremendous investment in the rest of the world, they are prime for the picking and looting by the international banking interests.

I agree with you. We cannot stand on our own two feet.That is not freedom that is slavery. Instead of bailing out the banks we should have paid China what we owed them. I do not have a good feeling knowing this govt is being held up by foreign creditors. It is absolutely in antithesis to what our founding fathers believed in. Thomas Jefferson primarily, who stated that banks were a bigger threat to our liberties than standing armies. I think it's about tiime we heeded their words. Making more debt will not solve this crisis.

And don't forget, they still have to try to value those "toxic assets" that the banks wan't to auction off to.... wait for it.... that's right, the TAXPAYERS! You remember them don't you, the guys who have already given the bastards hundreds of billions of dollars!!? Isn't it funny how no one is talking about this little news item?