An in depth analysis of WHY YOU ARE WRONG

Tuesday, May 12, 2009

Are Asian Investors Being Racist?

OK, this is sort of tongue in cheek, but a lot of the major media and administration spin has implied that most administration critics are racists, dumb or "super rich" and have few rational reasons for opposing Obama. An extreme version of this spin can be seen here.

This then makes one wonder about the overtly critical and fearful statements coming from major figures in Asia about our economic policies. First we had major Chinese Officials saying they no longer believed we could fully pay our debts or maintain a solid currency.

And now, the major Japanese opposition party has said that if elected they would no longer buy dollar denominated U.S. Government debt. Of course there have been many other foreign critics of our policies, but some of them are white, so their views are suspect.

Remember, China invented the abacus.

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