WHAT IS THE PLAN? What would we likely see next? What is the next domino? Is China making T-bill purchases contingent on US agreeing to a particular policy? Will they in the future? If BIG purchasers did demand it how would we know? Do you think the Fed or WH is giving them assurances or something more concrete than assurances? Didn’t we just learn that we were lied to, that China was owed a trillion rather than just holding 500 billion?
There is no plan, my friend. You think Obama has a plan other than borrow, spend, and redistribute until he can't borrow anymore? That is his plan, it is on video from a 60 Minutes video, plain as day.
Geitner? He can't even figure out his own taxes. He is in so far over his head he is drowning.
Bernacke? He is bailing a ten gallon hole with a one gallon bucket. How long do you think he can keep the ship afloat?
Half the people in the country don't know the government is broke. Half of the elected representatives don't get it. Despite the fact that the US has to borrow $1.4 trillion a year to keep the government running.