Chi Ni De Dou Xi, Obama!

[CG6468]

Chi Ni De Dou Xi, Obama!
I finally discovered a way to listen to President Obama’s economic team without risking my sanity - watch them on TV in China.

In English, their incomprehensible gibberish is an offensive mix of spin, blame, Keynesian superstition, guess, bravado, rubbish, half-truths, and full-out lies.  In Mandarin Chinese, it is just incomprehensible gibberish. Upgrade.

Zhengzhou is an industrial city of 9 million people in Henan province in the heartland of China; that is where I happened to be when Standard and Poor's dropped the hammer on the debt-mongers at Treasury and the Fed last week, downgrading U.S. sovereign debt from its long-standing AAA rating.

The local news showed U.S. officials responding to the downgrade, their comments dubbed – sort of like a Kung Fu movie in reverse. With a little imagination, you could pretend they were actually making sense.  Ok, with a lot of imagination.

Whatever spin they were pitching, the Chinese were having none of it.  Commentators’ body language gave away their disdain for our official excuse-making, Chinese officials harshly scolded the President and Congress for their fiscal irresponsibility, and the Chinese people were angry at their own government for buying so much lousy U.S. debt in the first place. 

A Libertarian's Article

[JohnnyReb]

What are Chinese people got to be pissed about. They make cheap, worthless, nonperforming knock off items that they sell us. We make huge worthless knock off debt and sell it to them...that's fair trade....