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Reply #2: Uh... I believe that China just "announced" [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-04 03:01 PM
Response to Reply #1
2. Uh... I believe that China just "announced"

that no more credit will be extended.

See, that story that hit last week that China was reducing it's
portfolio of US T-bills was a warning shot to the idiots in charge
here that US deficits and fiscal policy will not go on forever...
unless we start marching to our "bankers" tune.

I wonder how many bushco voters know just how far in debt we
are to China... and what that means as far as our foreign policy
or even domestic policy (hint, we can't afford a trade war about
steel or something with China now).
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