The conclusion has to be that Geithner doesn’t know how his “stability” plan will work out in practice because he’s not yet sure what China and other global players are going to do. Our fate lies in their hands, signaling desperate times for our nation.
Obama speaks of a possible catastrophe but he isn’t telling the American people the brutal truth at his carefully orchestrated town hall meetings. His prescription is more debt and spending―the same policies that brought us to this precipice. He can only succeed, at least in the sense of getting foreign credit to pay for this spending spree, if the Communist Chinese and the rich Arabs agree.
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