Reply to China dumping bonds – how exactly would the fed salvation work?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Who let China control the US in this way[/quote]

Republicans![/quote] Actually, Bill Clinton let them in the WTO. I like Clinton, but he played a major part.[/quote]

The fact is the US consumer created this situation.  Addiction to having the latest and greatest (even if it's cheap Chinese crap), the open availability of consumer credit, the incessant need to stroke oneself with new phones, tvs, laptops, cars, furniture, etc., etc., etc.

You want blame?  Look to the left, the right and in the mirror.[/quote]

No it’s from endless tax cuts which reduced revenue to cover entitlements.

If we had 50s taxes there would be deficit. [/quote]

The US survived just fine when there were 0 income taxes. [/quote]

Yeah! Kid worked in mines and factories, most people did not get beyond an 8th grade education. No safety net, so if your parents died young, which they did more often, you had to live in an orphanage. It was AWESOME!!!!!

It’s like you watched The Gilded Age and thought, wow, I bet everyone was happier then, as if it were representative of how the majority barely survived.[/quote]

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