The media created Obama administration of folly, deception and polices for a great depression
The conditions for huge trade imbalances with China really began under the Clinton administration. The problems needed to be dealt with early on but now that China holds much of our debt and is having its own economic crises and its leadership is threatened is not the time to corner this tiger. The response will be predictable. Did anyone in this administration learn anything about the causes of the last great depression? If nations try to solve this current crises through a retreat into protectionism we are heading for a huge world wide depression and wars. This is a prime example of why in a time of crises you do not put into power a man who has not shown any experience or any wisdom in his life.… continue reading