Wednesday, August 3, 2011

Quiet Congress, our new owner China is Speaking...................

China Isn't Satisfied With U.S. Debt Deal

                That's funny, neither is the Tea Party! You might not give a rat's behind what China or any other Country thinks of the way America runs it's business, but if you are an better take heed. 

          China warned that tortured efforts to raise the U.S. limit on borrowing failed to defuse Washington's "debt bomb," and signaled it would further diversify its holdings away from the dollar.After months of bitter negotiations with his Republican rivals, President Obama finally signed an emergency bill on Tuesday that averted what would have been a disastrous debt default for the world's biggest economy. But in a blistering commentary, China's official Xinhua news agency ridiculed the U.S. political process and warned that the deal had done nothing to change the country's addiction to borrowing. "The months-long tug of war between Democrats and Republicans ... failed to defuse Washington's debt bomb for good, only delaying an immediate detonation by making the fuse an inch longer," the commentary said.

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