China Announces $586 Billion Stimulus Plan
China will spend $586 billion in its own economic stimulus plan. [NYT]
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Comments:
You now how I know I'm getting jaded? The first thing I thought was "Why would China want to give all their money to Americans?"
so they get like, what, $2 a person?
I guess the price of rice finally became relevant!
make sure it's a real money and not printed in backroom sweatshop.
I wish I got $2! All my economic stimulus at the time went to Exxon's profit.
What the MSM hasn't caught on to yet: If China is going to start spending their surplus money on themselves instead of buying US debt as they have in the past, who is going to buy all the new debt that will be issued to fund all the bailouts? Oops - looks like the US now has the choice between MASSIVE govt spending cuts or printing LOTS of paper money and hyperinflation!!!
Gee, wonder where they got all that money from?
Misery loves company.