The Observation Deck

http://hotair.com/archives/2008/12/11/i ... an-the-us/

In response to the financial crisis of 2008, the United States has responded by nationalizing industries and electing a president who promised to raise taxes on entrepreneurial efforts. China, the nominally Communist nation, has responded by cutting business taxes to stimulate growth. Remind me which nation supposedly supports capitalism and free enterprise (via Q&O):

If my memory serves me correctly, China runs or co-owns many of its industries. it can move revenues from those industries around without having to call it "taxes". They attract capital or "foreign investment" from America banks and corporations. They have some law about foreign investors having no more than a 49 percent stake in any operation there. they do not have the restrictive intellectual property laws we have. I am only recalling this from memory. I may be confusing several different countries in asia and south america.

We've got something like a parody of the Marshall Plan going on.

other countries lend America money so America can keep buying their exports.