Why is this "horse's patootey" government borrowing money from China to help pay for these God-awful, perpetual wars?
Aren't we beholding enough to Communist countries?
2006-10-02 03:53:52 · 10 answers · asked by Anonymous in Politics & Government ➔ Government
Do you remember when Bush first took office and, for the first time ever, an American spy plane willingly landed in 'enemy territory' - China? My FIL flew the same plane 30 years ago and said NO ONE then would have landed in China, they would have ditched the plane. But the really interesting part, if you recall, is that bush allowed china to disassemble that plane piece by piece.
Just as Bush's grandfather was sanctioned under the trading with the enemies act for aiding the nazis materially, W is a traitor to America, too.
2006-10-02 03:59:54 · answer #1 · answered by cassandra 6 · 2⤊ 0⤋
Because so many are buying products made in China that our trade deficit is too large. Besides, we gave them a ton of dough to help them rebuild after WW II. This is the only way we can get it back. Borrow it and not pay it back like they did.
2006-10-02 03:59:51 · answer #2 · answered by Spirit Walker 5 · 1⤊ 0⤋
Because we keep letting them spend more than they bring in, and, of course, we keep buying the cheapest products which come from China, or many are manufactured there, so the net money flow is to China, and it flows back to us in loans.
So, I don't know about that being Communist. I'd say that's about as Capitalist as you can get.
2006-10-02 03:57:26 · answer #3 · answered by holden 4 · 1⤊ 0⤋
Didn't you hear that it's the latest trend in government spending? It's similar to those payday loans that charge those horrendous percentages for payback. Just another example of the Bush administration's step toward stupidity.....
2006-10-02 04:56:20 · answer #4 · answered by Anonymous · 2⤊ 0⤋
Oh so that's why congress has agreed to spend/burn another 70 billion on this endless war. I had been wondering where we were getting all this money.
2006-10-02 04:00:50 · answer #5 · answered by T S 5 · 2⤊ 0⤋
coz they are willing to buy US bonds? I agree with holden. China is already very much an open capitalistic economy.
2006-10-02 04:00:06 · answer #6 · answered by Cat Commander 3 · 1⤊ 0⤋
They don't give a damn about this country. It's the greenback, the almighty dollar, the money that they want and can't get enough. They are money addicts.
2006-10-02 04:01:47 · answer #7 · answered by Sophist 7 · 2⤊ 0⤋
It's going to get a lot worse before it gets any better.
2006-10-02 03:57:56 · answer #8 · answered by St.Anger 4 · 2⤊ 0⤋
because we gave em our jobs
go figure
2006-10-02 04:00:12 · answer #9 · answered by Enigma 6 · 2⤊ 0⤋
good question
2006-10-02 03:55:45 · answer #10 · answered by Anonymous · 1⤊ 0⤋