Canuck57 wrote:
"Don White" wrote in message
...
"Wizard of Woodstock" wrote in message
...
And just think - the "adults" are in charge.

I think I'd rather have the kids.

http://www.washingtonpost.com/wp-dyn...051404241.html

When the histories are written, the Obama Administration will be known
as "The Unintended Consequences Admininstration".

And none of those consequences are going to be good.
Typical...the real enemy in the trade deficit is in Asia, but we'll end up
fighting among ourselves.
Maybe things will calm down when the Chinese take us over.

Chinese would not want the USA's massive debt-spend problems. It would drag
them down.

Because while GM & Chrysler debtors are being dealt with, and home owners
over their heads are being cleaned up, the biggest default debtors in the
land is going unscathed, the governments.

This isn't a trade war, it is a about paying the bills, debtor versus
creditor. So far the debtors are winning, and while they will the economy
will seek the bottom of the sewer. But while the debtors are winning, the
USA credit rating is sub-zero.

Right now the USD is riding on hot air and facing a cliff in it's valuation.


Why do you suppose Donny thinks Aisa, specifically China, is our enemy?
Last time I looked, we were in charge of our own "LIBERAL"trade policy.
China is merely doing smart business.