Tuesday, June 02, 2009

China to BO: We liked Bush's deficits a lot more!


The Chinese get it. Just ask Sec Geithner:

"Seventeen of 23 Chinese economists polled in connection with Geithner’s visit said holdings of Treasuries are a “great risk” for the nation’s economy, according to a Chinese state media report yesterday." (Geithner to Reassure China U.S. Will Control Deficits )

We are not fans of China. We don't like their political system or disregard for human rights.

However, we think that the Chinese have a point here.

The Obama deficits are unsustainable and the Chinese get it.

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