A little more pressure from China
China continues to ratchet up the pressure — step by step — on the Obama administration’s foolish borrowing plans. AFP:
A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday…”China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar,” He Maochun, a political scientist at Tsinghua University, told the Global Times…Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March.
China — you know, the country where they laugh out loud at our Secretary of the Treasury’s assurances that their investments are safe.
June 19th, 2009 at 12:50 am
China, you f’ked up. You trusted us.
I mean, come on. The US government puts it to its own people. Who thinks they give a damn about China? Keep the paper, papper the walls, make airplanes, sell them….what ever.