Saturday, October 16, 2010
For Shock Value
The United States has been in a long-running currency dispute with Red China over China's maintaining an artificially low valuation for the yuan versus the American dollar. There is no doubt that this unfair practice has injured the USA; however, the Communist Chinese are right to contend that their mercantile practice and national fiscal policy have nothing to do with the current US economic crisis. Even a Marxist nation like mainland China knows redistributionist schemes have not worked, do not work, and can not work and will readily point the finger at US domestic spending as the source of America's fiscal woes. Our own quasi-Marxist leader President Barack Hussein Obama will not accept China's sage economic advise and will continue to scapegoat China, the last President Bush, and anyone else he can to evade responsibility for his own mismanagement of our economy. Until the Obama team is ushered from the White House, we will have to resist the primrose path to socialism.
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