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Leading with a picture of a crumbling building labeled "U.S. economy" being held up by a Chinese...

Leading with a picture of a crumbling building labeled "U.S. economy" being held up by a Chinese symbol, China's advertising supplement in the WaPo takes its yuan policy to the people. "Excessive spending ... and low interest rates should be blamed for the trade imbalance." Who's to argue?
Comments (8)
  • mbill
    , contributor
    Comments (16) | Send Message
     
    If that were the case how do they explain the trade imbalance from a few years ago when the spending was not excessive and the interest rates were reasonable? Of course they have every reason to justify their position and continue to fleece the US.
    25 Feb 2011, 10:29 AM Reply Like
  • _Jimmy_
    , contributor
    Comments (34) | Send Message
     
    I am a bit confused, can you please point to the time period you are talking about?

     

    Few years ago is what got us into this pickle. They are talking about excessive consumption, not government spending.
    25 Feb 2011, 10:33 AM Reply Like
  • mbill
    , contributor
    Comments (16) | Send Message
     
    The Clinton era and who's to say there ever was excessive consumption? The Chinese being smart and crafty folks created a competitive advantage that directed most manufacturing and consumption their way.
    25 Feb 2011, 10:40 AM Reply Like
  • _Jimmy_
    , contributor
    Comments (34) | Send Message
     
    Don't be silly, you had negative savings rate during Clinton as well. And 1 year of no deficit driven by silly stock market gains is not a measure of long term policy.
    25 Feb 2011, 11:04 AM Reply Like
  • _Jimmy_
    , contributor
    Comments (34) | Send Message
     
    "Excessive spending ... and low interest rates should be blamed for the trade imbalance."

     

    I don't like Chinese, especially when they are right.
    25 Feb 2011, 10:31 AM Reply Like
  • wyostocks
    , contributor
    Comments (7641) | Send Message
     
    Pretty sad state of affairs when America has to take economic lessons from the Chinese; especially when they are right.
    Perhaps O could appoint one of them to the next Tsar opening.
    25 Feb 2011, 10:42 AM Reply Like
  • mbill
    , contributor
    Comments (16) | Send Message
     
    Unfortunately, I agree with the part about them holding up a crumbling US economy.
    25 Feb 2011, 10:48 AM Reply Like
  • Andy Harless
    , contributor
    Comments (95) | Send Message
     
    Higher interest rates and lower spending could indeed get rid of the trade imbalance. I dare say that a US with 25% unemployment would be importing a lot less from China.
    25 Feb 2011, 10:51 AM Reply Like
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