China Announces $586 Billion Stimulus Plan

Follow this link to the AP story on Huffington Post.

This news raises a few questions in my mind.

How did the Chinese government get so smart about running a capitalist economy? How is it that a  former communist country knows more about macroeconomics than John McCain and his advisers? Could it be that they have left ideology behind in order to focus on what works? Will the few remaining Republicans in the US Congress get out of the way and let President-Elect Obama and the Democrats do what needs to be done?

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.