Saturday, October 13, 2007

I, for one, welcome our new economic overlords

I guess that the Republicans thought that the Chinese would be our major competitors in the 21st century. Remember when they sent a spy plane to provoke an international incident? When they were forced to realign their priorities and started borrowing money like mad, who did they borrow it from? That's right, the Chinese. Now that they have a ton of our money they're going to start throwing it around. It's a little tough for us to throw our weight around diplomatically with our number one creditor. We cannot sustain a trade deficit forever. The deficit can be fixed or neutralized so it's not a problem, I just don't think the current powers that be capable of the finesse that requires.

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