Quote:
Originally Posted by sugarpop
So if China decides all of sudden not to buy any more bonds and our economy goes back into a tailspin, we can blame that guy.
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Maybe.
We'd also have to think that the Chinese are smart enough to have thought may--be the investment here isn't quite what it was in the past all on their own.
They know BS when they hear it. Even when it's the Treasury Secretary himself trying to deny reality.
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience
So, while I do admire the complete disregard of financial reality within the O supporters, it appears to many Chinese and Americans that what this admin is spinning is complete bullshit AND that we are in serious trouble.
This would be the case whether a D or an R is in office though, to be fair. This entire problem with debt, future obligations and non-stop printing presses put us in a very tight spot.