I'm reading your [blog] while sitting at my dining table here in Beijing. Through the window I can see tall buildings and hear cars continuously passing on the ring road nearby. In 26 years I have seen China change from a repressive, poor socialist country to prosperity and a substantial increase in freedom. Just as you say, the U.S. has now decided to try socialism after government fooling has disabled the free market. I expect to see both countries pass each other in economic and political freedom, one going up and the other down.
Laoshi
Reno, NV Gazette-Journal.
...and people wonder why she did not take up the issue of human rights on her recent visit to China. Doesn't take a genius does it?
FarmBoy61
Tallahassee, FL Democrat
"said the First Lady of Pants Suits"
Clev mon :-)
deminn
St. Cloud, MN Times
Ed I disagree with 'bout everything you say, but I sure enjoy reading your stuff. "First Lady of Pants Suits"... too funny.....
Craig51
Des Moines, IA Register
Capitalism will survive, have no doubt about that. But hey, what a chance to bash SOS Clinton. I mean why miss that opportunity? So predictable, so very predictable. I mean, come on, the last administration was such a huge success, right?
panicbean
Gulf Breeze, FL
[If you want to make comparisons you're on shaky ground putting the FLOPS against Ms. Rice. -ED]
I along with millions of others put decades of our taxes to work in this country. With the wasteful spending binge they are currently on ...No more. I now work off the books and keep what I make ...and I suggest you all start doing the same. The government is not doing anything for me. Thanks for wasting all my hard earned money. That's all you'll get from me.
ready-aim-fire
Wausau, WI Daily Herald
So right. I check major national news outlets daily (retired), and have noticed several G7 nations having economists that call for 'dis-investing' their economies in the USA. The global nature of the current economic crisis shows how much of the World's economy depended on our strength and integrity. In China, when an industry's activity leads to a tarnished image, or fraud is proven, some CEO or official gets executed. Here, Greenspan goes on TV and states that greed, and it's consequences, will be "inevitable", and we just have to accept these "adjustments".
hikinmike
Pensacola, FL NewsJournal
We can blame the Chinese for currency manipulation if we would like but the reality is that they have two choices of what to do with all the dollars they get from us buying their crap. 1st they could buy back Yuan on the open market driving up the price of the Yuan and making their exports more expensive thus slowing down their exports until balance is found. 2nd, which is what they have been doing, is they can buy US treasuries with all those excess US dollars putting off into the future the rise in the Yuan because at some point they will want to cash in those treasuries plummeting the value of the dollar vs the Yuan. So are the Chinese really to blame? If we didn't run such huge deficits then there wouldn't be so many T-bills to be sold and they would have no choice but to allow their currency to float higher. Until we get our budget deficits in order we have no business pointing fingers at the Chinese because we are in on the fix as well.
RonR64
St. Cloud, MN Times
So far, it looks like there's no one with a Yuan to spare. Maybe all the women are saving them up so they can buy Pant Suits!
JoseComoVa
Salinas, CA The Californian
Timely re-run Ed. Black Friday is but tomorrow.
gas hog
Austin, TX American-Statesman
What about when we become too great a liability to drag along? China could get along without the U.S. and its markets but we could not get along without China to finance our over spending. That doesn't seem too reassuring to me.
WWWIII
Lansing, MI
State Journal
[But like I said, we'd probably be living under a more capitalistic system than we've got in store for us under Obama. -ED]
The obama plan is to drag us down to third world levels while lining the pockets of his cronies. Once he is out of office, like he will go willingly, he will be wealthy beyond his wife's dreams. Meanwhile the world will pass us by.
deserttrek
Palm Springs, CA
Desert Sun
[Who didn't know that he ran, ostensibly, to become the most famous person in the world? The perfect storm (Congress, Bush hate, an economic crisis and a weak opponent) has enabled him to push his sick, kommie agenda while preparing to retire young, wealthy and narcissistic-ly. Good call Dez! -ED]
China already owns us lock, stock, and barrel. Send your thanks to GW Bush and to Obama.
Red77
Wausau, WI
Daily Herald
Hey buddy, hey..hey
buddy, hey buddy..hey hey buddy, hey buddy can
you spare some of that change, maybe some hope,
hey buddy.. can you spare some of that hope and
change? hey buuuuddddyyyyy???????
Patsfan54
Palm Springs, CA
Desert Sun
Chinese own us! They want
to do away with our dollar and want a one world
currency.
The elites of the world are planning to be on
top still at the end of this. They are taking
down the midddle class. But they forget who the
King is. :)
LuvnJesus
Great Falls, MT
Tribune
I would love to be a fly on the wall at one of those closed-door meetings with the Chinese. I wonder if it's anything like that SNL skit with Obama and Hu Jintau...
TOK101
Palm Springs, CA Desert Sun
"thankfully, we are rowing in the same direction"
'Nuff said. Thanks for the great post.
MypalBalok
Montgomery, AL
Advertiser
It’s bad when the ChiComs understand capitalism better than our current administration.
I never thought I’d say this but; “Come on ChiComs, hurry up! Take over this country and set us free from our democratically elected oppressors and all their running dogs”.
Uncle Larry
Austin, TX
American-Statesman