CNBC reports today that Vice Finance Minister Zhu Guangyao told reporters that he understands the White House is working to resolve the double-edged crisis, but expressed impatience with the lack of progress.
"We have to see that the clock is ticking," Zhu said, according to Agence France Presse."The executive branch of the U.S. government has to take decisive and credible steps to avoid a default on its Treasury bonds," he said.
Curious how the Chinese, who have a different view of the role of government, manage to blame the Executive Branch of government for the condition we are in with the shutdown and debt debate, but our own press tends to blame the Legislative Branch.
A few of our press stalwarts might think the Chinese are ill-informed about how the U.S. government actually works. They might chuckle at their ignorance.
A few might think the Chinese are just greedy, wanting to get the whole thing settled so their sizable investments and bonds are protected from default that would cost them money.
A few might applaud the Chinese for waiting until the "last minute" to engage in the game, when a trillion or two is at stake in this bet. It shows how tolerant they are.
Perhaps, it is more simple than any of these things. The Chinese are off at the APEC Summit while our President sits on the sidelines, and our Secretary of State keeps to Afghanistan trying to get them to agree to another few years of troop support.
The Chinese are quick to step into this area of South East Asia, because they want us out. Two years ago, countries like Japan and Thailand were wanting us to get back into the area because the Chinese were being too aggressive, threatening all of them and staking claims to islands all over the region. They haven't given up on those claims; they are going their best to engage all who live in that part of the world, and they press us to stay home and tend to our budget crisis.
Notice, we listen.
Curious how the Chinese, who have a different view of the role of government, manage to blame the Executive Branch of government for the condition we are in with the shutdown and debt debate, but our own press tends to blame the Legislative Branch.
A few of our press stalwarts might think the Chinese are ill-informed about how the U.S. government actually works. They might chuckle at their ignorance.
A few might think the Chinese are just greedy, wanting to get the whole thing settled so their sizable investments and bonds are protected from default that would cost them money.
A few might applaud the Chinese for waiting until the "last minute" to engage in the game, when a trillion or two is at stake in this bet. It shows how tolerant they are.
Perhaps, it is more simple than any of these things. The Chinese are off at the APEC Summit while our President sits on the sidelines, and our Secretary of State keeps to Afghanistan trying to get them to agree to another few years of troop support.
The Chinese are quick to step into this area of South East Asia, because they want us out. Two years ago, countries like Japan and Thailand were wanting us to get back into the area because the Chinese were being too aggressive, threatening all of them and staking claims to islands all over the region. They haven't given up on those claims; they are going their best to engage all who live in that part of the world, and they press us to stay home and tend to our budget crisis.
Notice, we listen.
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