You knew this was coming...
Posted on 08/06/2011 4:21:42 AM PDT by Oldeconomybuyer
The largest foreign holder of U.S. treasuries responds to the S&P downgrading by calling for decreases in U.S. military outlays and social spending.
Beijing — China called on the United States to "cure its addiction to debts" and "learn to live within its means" in a searing commentary published Saturday by the official New China News Agency in response to Standard & Poor's historic downgrading of the U.S. government's credit rating a day earlier.
China, the largest foreign holder of U.S. federal debt, blamed "short-sighted political wrangling in Washington" for creating the current financial morass that now threatens to undermine the global economy.
"China, the largest creditor of the world's sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets," the commentary said.
"If no substantial cuts were made to the U.S. gigantic military expenditure and bloated social welfare costs, the downgrade would prove to be only a prelude to more devastating credit rating cuts, which will further roil the global financial markets all along the way," it continued.
(Excerpt) Read more at latimes.com ...
All the You Tube clips of the SNL skit where President Hu demands sex with Obama have been removed. Drat.
It’s bad when the Communists think you’ve gone too far.....
Depressingly, and I hate to say it, I think they are absolutely right.
You should. Not easy to do though.
Hey; does this mean that DingyHarry and SlowJoe B will call China terrorists?!
If only it were possible to make good on that promise! Nothing is made in America any more, thanks to our traitorous “Multinational” corporations...
It apparently hasn’t yet occurred to Barry and the Democrats that tariffs are one tax you can raiss as high as you want and the payers can’t vote you out. I wonder what will happen if it does.
Barry, I dare you to call the Chinese “terrorists”.
After all, that’s what you call us Tea Partiers.
The communists call our social welfare “bloated”. I’m not sure exactly what to think about that. Are they suggesting our government is overinvested in making people dependent on government bennies? That sounds like an odd position for a communist government to take.
Sounds like China is worried because they were stupid enough to sink all that money into the USA (out of greed for profit) and now they are worried that they could lose out big time if the USA economy collapses like Greece. We’re just trying to follow the socialist/communist model that has been so successful for them. China would be nowhere if the USA didn’t buy all that cheap crap they make with slave labor. The stereotype is that Jews are tight fisted with money but nobody is tighter and cheaper with money than the Chinese. This is hilarious, let them sweat it out. What’s the old saying, if you borrow $1000 from the bank and can’t pay it back, you’re in trouble but if you borrow $1,000,000 from the bank and can’t pay it back, the bank is in trouble. F*ck China.
If you think the Chicom elite espouse socialism (equality), you got the game really wrong. Their leadership is joined with us at the hip..uh State Dept.
Propaganda blah blah blah.
No bureacracy needed. 100% on all Chinese imports.
No exception.
If China complains, make it 200%
America first.
(Import tariffs)
Now.
And all because you want to make goods more expensive for the American consumer and thereby lower his standard of living. We could of course attack the massive burdens of overtaxation, the absurd union work rules, and the massive overregulation by government that make gives Chinese labor such an advantage, but nooooooo, we can't do that, that might actually work.
Look at that picture closely.
There are two types of bows.
One where you look at the opposite person in the eye.
One where you look down. baraq is looking down which in the oriental world is a sign of submissiveness.
Add to that, when Hu of China came to DC, baraq treated him with all the honors available. Red carpet and state dinner while he treats Netyanyahu like a piece of trash.
baraq knew this was coming and has been sucking up to Hu so he won’t come down too hard on him.
Back last year, timmy geithner went to China to give a talk on economics. He was publicly laughed at.
There is so much more going on under the radar that we aren’t being told. The baraq media has been covering for his failures but the truth is starting to come out.
China is pissed. Their borrowing terms are about to become nasty. And we get stuck with the bill and baraq continues to party.
People with character and intellect are not afraid of competition, especially when it comes to trade and business. They are not our enemy, yet you want massive import tariffs.
Sounds like too many Savage listeners are freepers.
Amazing.
Two paragraphs, and you didn’t actually say anything.
Why not institute a case bonus program for those who find out, report, and then successfully assist in getting illegal immigrants thrown out of the country? That would end the illegal immigrant problem through a grassroots movement and you can bet your bacon that it would eliminate a chunk of the moochers from the welfare rolls. A huge part of our welfare problem is because of the illegals coming here and getting welfare for themselves and food stamps. With that problem solved, we can then put the rest of the moochers to work at the jobs that will be vacated by illegal immigrants.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
