I never thought I'd see the day when the most virulently communist country in the world other than North Korea, taught the USA a lesson in capitalist, market economics.....but then I never thought I'd see the day when blindingly stupid Americans would install a known-socialist, community agitator with no management experience at all into the presidency either.....
March 10 (Bloomberg) -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.
China has halved retail taxes on small cars and drawn up plans to give out vehicle subsidies in rural areas to revive demand after auto sales rose at the slowest pace in a decade last year. Combined with the country’s wider 4 trillion yuan ($585 billion) economic stimulus package, the policies have caused General Motors Corp. to roughly double its forecast for China’s nationwide auto market growth this year.
Reality to Obama, come in! Reality to Obama, do you read me?
Tax cuts stimulate slow or stagnant economies, not government spending. But I forget that the Obama, Pelosi, and Reid don't have any intention of fixing the economy, they intend to use the pain and suffering of Americans to seize control of ever phase of American life they can.
As awful as McCain was as a candidate, he almost beat Obama. Think if the banking crisis had hit before the primaries, we'd be cheering President Romney right now, as he cut our taxes and optimistic citizens stimulated the economy rather than stimulating the government.