Two chickens in every pot; two cars in every garage it sounds like.
Obama has already outdone them with his $trillion plan that went to his cronies.
No one, however, thought Premier Li Keqiang, generally considered a reformer, would resort to the old-line, anti-reform tactic of massive government spending.
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Hey, if it’s good enough for America, it’s good enough for China. Kleptocrats love big spending projects.
Looks like yet another government trying to buy it’s way out of an economic downturn.
The world has entered a new era.
Americans are Keynesians and Chinese Communist are Keynesians. We basically hold the same economic beliefs, with only marginally different levels of state intervention and ownership in the two countries.
Sheeeeeeyit. Obola, Boehner and McConnell spend that much a month.
$20 billion US for housing. Speculating that their economy is going to crash and people will need housing? $30 billion US for internet upgrades. Bread and circuses for the Chinese people? How much of the total will be kickbacks to the Chicom Party?
We spend all that and more every month.
Amateurs.
If Li succeeds, he will at best bought himself a year of debt-fueled growth. If he fails, almost any dark scenario could occur, perhaps by the fourth quarter of this year.
"dark scenario" I think that's Chinese for revolution.
This time Tiananmen Square will be border to border..
To try to avoid revolution of course means that the Chi-Coms will provoke a war . . . .
you can be assured, that even though it is hidden from her people, that they will loose 75% of that to corruption and government graft.