Here in the good old USSA, where all the children have drinken deeply from the state's endless Kool aid supply, we all know that critics of Obama are driven solely by "white male rage." But what's going on overseas? First, Pravda the former voice of the Soviet Union say's we are Commies and now this...
Tim Gethner, one of a parade of officials panning the globe for spare change; while at the same time assuring everyone what a good credit risk we are; is now in China. Kool Aid seems scarce there.
A number of students laughed heartily at the bromide swill, we suck up here.
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s. (refering to their holdings of U.S. Treasury and agency debt)
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home."
Comments from a former Central bank advisor, Yu Yongding were even more blunt and filled with disparaging references to American officials and their policies.
In response to Obama's current promise to cut federal deficits from close to 13% of GDP to 3, Yu said:
"It may be helpful if “Geithner can show us some arithmetic,” said Yu. “We need to know how the U.S. government can achieve this objective.”
Fed Chairman Ben Bernanke gets it worse.
"Referring to the Federal Reserve “as the world’s biggest junk investor,” and to Chairman Ben S. Bernanke as “helicopter Ben,” Yu said the Fed has dropped “tons of money from the sky since the subprime crisis.”
“The balance sheet of the Federal Reserve not only has expanded like mad but is also ridden with ‘rubbish’ assets,” he said".
Are these "people of color" crazed with racist rage or just stating simple questions we all should be asking. Thankfuly the rest of the world is looking fairly and squarely at Barak Obama and judging him and his administration by the content of the character they have shown.