Name one state, agency or program that will get more than $300 Billion from the $800+ Billion economic stimulus.
That would be China. Nothing and nobody comes close.
China will reap over $300 Billion just by fincnacing the stimulus. That will be U.S. dollars flowing from Americans to China as interest on the loan.
We’d be be better off borrowing from our credit cards.
When America borrows, who pays? First, I guess, and correct me if I’m wrong, China lends the money to the U.S.
China already “owns” as of October, 652.9 billion dollars in US Treasury bonds.
And China won’t just get the money: China will gain further in its already pervasive importance in the world.
And China may call the shots.
Just today, China said it didn’t like the “Buy American” provisions in the economic stimulus.
What else doesn’t China like?
When one country owes another country so much money, over $1 Trillion, what will happen? We don’t know, because this has never happened before.
Like a Mafia, Boss, China will own the United States. And, if real estate trends are any guide, China will also buy up any remaining valuable U.S. soil.
China will have all the money. And in some places, money is power.
In the business deal called the economic stimulus, I’d rather be Chinese than American….
John E. Carey
Wakefield Chapel, Virginia
The latest irritants to China from America are a “buy American” provision attached to White House-backed stimulus legislation moving through Congress and criticism of China’s currency policies by Vice President Joe Biden and
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