China vs. Obama

Obama and his administration's first steps have been to close Guantanamo (a dubious decision), and antagonize China. The antagonizing China is what I think matters more.

They have stated that China is manipulating its currency. Well no shit. Of course it is. The Bush administration (with their idiotic cheap dollar policy) never accused China of manipulation, and with good reason. The implicit agreement was that China bought US debt, and we bought cheap Chinese products.

Antagonizing China is not the way to go right now, as US debt is already looking a little dubious--Trillion dollar debt, each year for the next few years?--I personally think it is a dumb decision.

Comments

Popular posts from this blog

This is just disgusting....

Top 10 Ways to Not Suck at Driving