November 6th, 2009

A CNN report a couple weeks ago asked a salient question:
…. The U.S. ought to set aside its current economic insecurity and answer a simple question correctly: If the Chinese want to park more of their money in American assets (besides Treasury bills), why wouldn’t we open our pockets and take it?
Personally, I think if Chinese acquisition of American assets becomes a major trend, the United States government needs to look closely at and revise policies that reversed decades of domestic asset development and led to the fire sales Chinese buyers are after now. Of course, instead, politicians will point fingers across the aisle at one another and CNN will file a special report titled, “America for Sale: How did we let this happen?”
National Malfeasance
A CNN report a couple weeks ago asked a salient question:
||…. The U.S. ought to set aside its current economic insecurity and answer a simple question correctly: If the Chinese want to park more of their money in American assets (besides Treasury bills), why wouldn’t we open our pockets and take it? ||
http://money.cnn.com/2009/10/07/news/international/china_natural_resources.fortune/index.htm?section=money_news_international
Personally, I think if Chinese acquisition of American assets becomes a major trend, the United States government needs to look closely at and revise policies that reversed decades of domestic asset development and led to the fire sales Chinese buyers are after now. Of course, instead, politicians will point fingers across the aisle at one another and CNN will file a special report titled, “America for Sale: How did we let this happen?” 4 Nov 2009