CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

[CleanGreenFuture]

China's official comment on the S&P downgrade was harsh and condescending. Released through Xinhua (via Reuters) the statement condemned America for its "debt addiction" and "short-sighted" political wrangling.

"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," Xinhua wrote.

Read more: http://www.businessinsider.com/china-debt-addiction-short-sighted-2011-8#ixzz1UGURd0wF


There are two more paragraphs to the article so please go read them.

[BeyondGeography]

1. Smug

Be nice if we weren't addicted to their money and their cheap stuff, but we are.

[girl gone mad]

23. We would be better off if their demand for our bonds was weaker.

We aren't addicted to their money. We really don't need to borrow for any reason.

[originalpckelly]

2. Yeah, and when massive waves of unemployment hit China...

they'll probably have a different opinion of the whole situation.

[roguevalley]

20. this reminds me of Japan's bs during the either 70's or 80's when

they really REALLY ragged our ass and complained about 'shoddy' american stuff. then they collapsed and it didn't seem so damned funny anymore. fuck china. what goes around comes around. They want their money back? Come and get it. Good luck lifting Rockefeller Center and putting it in your back pocket, dumbasses.

Ordinarily, I would blow this off but I guess things have made us all testy lately. I just know whoever shoots their mouth off usually is only two steps ahead of disaster themselves. I hear they have a HUGE bubble about to burst. I only feel sorry for all of us below the water line, both here and in china.

[Bonobo]

24. Asshole-ish post the the nth degree.

What a jingoistic assholish post.

[tularetom]

3. They can't treat us like that - we should start a war with them

Wonder if they'll lend us the money to do it?

[fivepennies]

4. Good one

:thumbsup:

[NutmegYankee]

5. Make the money the classic way - pillage.nt

[Brigid]

8. This gets you a Brigid DUzy.

:fistbump:

[tularetom]

21. I'm honored

:woohoo:

Thank you, I'm here all week.

[pnwmom]

6. China is welcome to find safer, more productive places to invest.

And other currencies to favor.

Good luck with that.

[tridim]

7. Pssst... Chinese people, it's go time.

[Frustratedlady]

9. They have every right to demand. They should have done so during Bush's reign.

I have a sneaking suspicion both downgrades may have been done to show the Tea Party congresscritters that they need to work together, whether they want to or not.

They have rocked the boat and if they sink us, they sink others, as well. Stupid is as stupid does.

[indurancevile]

16. during bush's reign japan was our biggest lender.

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/18/AR2008111803558.html

and currently the US owes its own people more than double what it owes the chinese.

chinese debt = 1.1 trillion

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

social security debt = 2.6 trillion


us gdp 15 trillion

[RB TexLa]

10. They are right

[WinkyDink]

11. China might have the clout, but we still have the superior military.

[dameocrat67]

12. The ordinary people of China will give their smug rich their just deserts

i suspect shortly since foxconn is replacing the workers with robots.

[rug]

13. China has a rating of AA-

[jwirr]

14. As a communist country they should have made the condition that

we continue to take care of the workers and tax the rich. Then and only then would they reconsider. Of course I don't think they live that way either.

[Drahthaardogs]

15. It is time to make China properly value their currency!

That alone will do wonders for this country. Do it!

[Zookeeper]

22. +1 n/t

[physioex]

17. Haha....

China makes the crappiest stuff on the planet. I remember (earlier) Sony Televisions and Toyota Corollas and none of the stuff from China could even remotely compare.

[Yavin4]

19. That's Because It's Not Chinese Companies Making Stuff

They're contractors for U.S. and other Western manufacturers.

Japan's companies were created in Japan from scratch and grew into industry leaders using the Japanese culture.

[nadinbrzezinski]

18. Oh this is more about who is the new boss

we used to have similar releases ourselves, OUCH.

[MouseFitzgerald]

25. We are so screwed

China is just gonna get stronger and we are gonna keep getting weaker.