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Vice President Biden today admitted what most intelligent Americans already knew before the stimulus-palooza: That the White House experts were wrong in their “guesses” and that the government is good at wasting money, not creating jobs.
Fox News reports:
WASHINGTON — Vice President Joe Biden said Sunday that “everyone guessed wrong” on the impact of the economic stimulus, but he defended the administration’s spending designed to combat rising joblessness.
Biden said inaccuracies in unemployment predictions shouldn’t undercut the White House’s support of the $787 billion economic revival plan that has not met the expectations of President Obama’s team. Instead, the vice president urged skeptics to look at teachers who kept their classroom assignments and police officers who kept their beats because of financial assistance from Washington.
“The bottom line is that jobs are being created that would not have been there before,” Biden said.
But they are not coming at the pace first estimated.
Just 10 days before taking office, Obama’s top economic advisers released a report predicting unemployment would remain at 8 percent of below through this year if an economic stimulus plan won congressional approval.
Yet the Bureau of Labor Statistics reports that unemployment in May rose to 9.4 percent.
Biden said the White House is keenly aware of the gap between the rhetoric used to sell fast passage of the legislation and the reality that has 14.5 million people unemployed.“No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought — and everyone else thought — the unemployment rate would be,” Biden said.
Those projects came from a report co-written by Biden’s chief economist, Jared Bernstein. Last week, Bernstein briefed reporters on the stimulus spending and insisted the report was in line with others’ research, but not aligned with reality.
I’d have to call him wrong since a lot of people were warning that the answer to too much debt wasn’t to go even deeper into debt. Instead, it now appears we’d have similar unemployment with the stimulus compared to if we did absolutely nothing at all. Amazing how much hundreds of billions in taxpayer money simply cannot buy.
The punchline in this story is how Biden still contends that we should actually believe the White House and its claims with regard to future job creation and the stimulus money. The same incapable, Keynesian economists who got it wrong for Obama are now claiming that they’re incorrect guesses shouldn’t destroy their credibility. Please, this is becoming a traveling comedy tour of economic follies.
The White House has tapped Biden as its chief spokesman on that economic stimulus plan, sending him across the country to drum up support for a plan that has yet to make the impact it promised. On Thursday and Friday, Biden visited Pennsylvania, Kansas and Michigan to highlight projects the stimulus has funded.
The vice president said losses each month have dropped, although the economy is still losing jobs.
“Can I claim credit that all of that’s due to the recovery package? No. But it clearly has had an impact,” Biden said.
Biden said the estimates were based on standard economic models.
“Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed,” Biden said.
Despite the fact that none of the economic data currently available points to any positive affect from the stimulus package, Biden still claims that it has had a positive affect. Sounds like the typical liberal argument of trying to create facts and figures out of thin air to fit their agenda.
We’re all looking at the same thing and we can all see it. Here we have Biden asking whether we’re going to believe him or our lying eyes? It’s a joke, just like the entire economic policy from this administration which has been a total failure from the beginning. Socialist policies fail. Always have, always will.
However, the bottom line is that Biden is just dead wrong that “everyone” guessed wrong on the stimulus. Many Americans, myself included, were speaking out against President Obama’s stimulus package from the beginning and we’re being vindicated more and more every single day. The Biden tap-dance
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I think they knew exactly what they were doing to the economy, and that there is no such thing as an “honest mistake” in matters like this.
Is there any information given by the White House about how that $787 Billion helped anyone? I mean they gave plenty of talk about transparency but where is this portal for us to peek through to see exactly where each penny of that money went and how it was supposed to be beneficial to someone?
Biden has not seemed to make any sense since he was announced as the VP candidate. What exactly is he doing for the country as VP?
I never knew what to make of this stimulus crap. I was never clear on what the purpose of it was. I’m not sure how handing out money was supposed to create jobs and was not really interested in it’s effect to keep jobs. If businesses fail, that is their problem, time for new businesses to take over. I held my tongue when people were all distraught about people losing their automotive jobs. To me it sounded like a bunch of people who did not learned skills that would make them needed bodies. I mean say my hospital got burned to the ground one night, I would no go hungry, I would go work for someone else.
I mean it was unfortunate that many people were laid off but that is simply why people need to learn to put away money for retirement rather than depend on someone to put that money away for them. Perhaps Americans should invest in their families and when they got old, their investment, their children, can look after them, on top of money they put away for themselves.
I see this is many other cultures in which their are multiple generations living with each other in large homes, or at least homes with guest houses, or plots of land with multiple homes on it owned by a single family.
It’s sad to see people grow to become elderly and tossed into nursing homes because their children feel that is the expected thing to do, rather than care for their parents the way their parents cared for them as children.
Imagine what $787 Billion dollars could have done rather than how it just magically disappeared. It may well have paid for better teachers for our children. Been invested by smaller government for local cities, towns, and neighborhoods. Perhaps it could have gone to those teachers and created more local jobs for bettering specific communities. I wont pretend to know how best to spend that sum of money, but what I can say is that the money does not seem to have benefited myself or anyone I know.
Kendale
“where is this portal for us to peek through to see exactly where each penny of that money went and how it was supposed to be beneficial to someone?”
Obama promised America 5 days to read and give input in bill before signing. Unfortunately, another promise broken. In fact, time was not even given to Democrat controlled Congress to read properly, yet they passed.
“Biden has not seemed to make any sense since he was announced as the VP candidate. What exactly is he doing for the country as VP?”
Biden has long history of this and was no secret. He was chosen by Obama to stop waste in spending that has “no pork ???”
“I never knew what to make of this stimulus crap. I was never clear on what the purpose of it was. I’m not sure how handing out money was supposed to create jobs and was not really interested in it’s effect to keep jobs”
That is Obama’s plan. A plan that will fail. Our economy without his spending would recover. We have seen signs of it as discussed in other articles. Spending and putting Nation in more debt than all Presidents in our history will led to at least 5 things..
1. High inflation.
2. High taxes for all.
3. Drain pool of money for business to draw upon to develop and grow.
4. Leads to jobs going overseas.
This recession was caused by Democrats requiring banks to loan money to unqualified home buyers. Which by the way continues.
” Perhaps it could have gone to those teachers and created more local jobs for bettering specific communities. I wont pretend to know how best to spend that sum of money, but what I can say is that the money does not seem to have benefited myself or anyone I know.”
When you pay your property tax you will notice where school is suppose to get their money.
“how best to spend that sum of money” is not to spend. John F. Kennedy increased government revenues in real dollars 33 %fromon 1961 to 1968 by cutting taxes. This increased revenue was due to private business expansion and increased employment. Low taxes and smaller government is only true answer. Obama’s answer does not.
…” what I can say is that the money does not seem to have benefited myself”…
THAT’S YOUR JOB. Not government. Government job is to make sure opportunitieses are accessible to all. That government gives tools to your successss. Not a hand out.
In regards to your last statement I think you misunderstood me. I am not looking for a hand out. I just wonder how so much money got spent $787 billion and I have no idea where it went and I’m not sure if it helped me or anyone else for that matter. I thought that this was their intention. I don’t need the money, I was just hoping it went towards something worthwhile since I do pay taxes.
The rest of your response was useful, thank you.
There is little to no transparency on where the $700 billion has gone. The Recovery.gov website that was setup is a complete joke as it has no information besides general statements.
They don’t want to disclose much because it isn’t helping you. So far money has gone to more pork-barrel liberal projects which were shelved in the last 8 years for Republican pork-barrel projects. The stimulus, thus far, has simply repaid the people who helped get Obama elected.
Thank you for the link Nate
Pork crosses party lines. I am guessing, have no facts to prove except present outlanglish pork waste as example that Democrats waste more. John McCain is only example I know of that has not brought Pork back to his State.
Kindale
When I said “THAT’S YOUR JOB” I was not implying you wanted hand out. I rarely “imply”, I come out and say it.
I am not as well spoken as Nate. I do agree with his last comment and wish I had wrote it.
Joe Biden….Well there’s one reason to pray for the Presidents health.
And the left was afraid of Sarah Palin????????
D.D.Mao I am afraid of them both.
kENDALE
I admire Sarah. She had choice on how to spend oil money. She choice to give money to her citizens. She is winning all charges brought against her. Many or most charges bought against he after her National exposure. In other words politically.
Name things you wish to go on record as bad about her.
Saying you don’t like ice cream gets a pass on a political site. Saying you don’t like Palin does not. Reasons are expected.
May be some feel attacking a person personal is possible way to keep them out of politics. I call that dirty politics.
With Biden, reasons have been given in article.
Palin and I have differences in beliefs. She is against Abortion, I am for Abortion, she is against Stem Cell Research, I am for Stem Cell Research. She is for WAR, I am against WAR. She has no clue as to what her opinion is on the cause and severity of global warming, I believe we are a detriment to our environment. She obviously has a real problem with gay people, I say to each their own. She was actually considering stripping state health care to couple who were gay simply because she does not like gay people.
If you are going to dislike someone because their sexual preference is a violation of your religious beliefs you must then also be against all other violations of your religious beliefs such as pre-marital sex (hint: babies out of wedlock). If you ask me that is being a hypocrite.
Hypocrisy is is the act of preaching a certain belief, religion or way of life, but not, in fact, holding these values.
Father : You shouldn’t smoke.
Son : But you smoke.
Father : Yes, but I’ve had a hard day at work and I need to relax.
Sara Palin: No state health care for gays because they are an abomination but my children can have babies out of wedlock and they should get state health care because, well, she’s my child.
She does not want to try and make nice with our enemies, I think we should make nice with the world. She is a fan of guns, I am NOT a fan of guns. I’m one of those, “Guns don’t kill people, people with guns kill people, don’t give people guns” type of person. Perhaps back when people needed guns to catch their food, guns were much more of a necessity but now that is not the case. Using guns for sport, well, that is not my cup of tea. I am NOT for killing animals for sport/entertainment. No, I’m not a Daoist but I do have a bit of respect for animals. Nah, I’m not a strict vegan or anything but I don’t purchase foods with animal products, but if served I will eat it.
So, since her and I have a different belief system, I am afraid she would impose upon me her beliefs when I should be free to make decisions based on my beliefs, not hers.
While some may hold her in high honor for her firm beliefs and will to press upon the State of Alaska, or one day the US, I am not so impressed and am actually terrified of her having any control over my life and/or decisions.
Just as you are afraid of Obama and his beliefs about health care, the economy, and foreign policy, I am afraid of Palin and her beliefs.
” She has no clue as to what her opinion is on the cause and severity of global warming”
There are many of us who do not believe in global warming which was changed to global change because earth is not warming. Past ten year records actually show temperatures are cooling. Poles ice has been updated showing thicker than previously reported. When I have time I will post some links on Al’s folley.
“She obviously has a real problem with gay people, I say to each their own. She was actually considering stripping state health care to couple who were gay simply because she does not like gay people”
No, it it is not obvious she has problem with gays. A gay couple in State that does not recognize gay marriage, the gay spouse of gay State employee does not receive health benefits. The marriage is not recognized. Attorney General would be in charge in such legal issues. Governor could not overturn if she wanted to.
“If you are going to dislike someone because their sexual preference is a violation of your religious beliefs you must then also be against all other violations of your religious beliefs such as pre-marital sex (hint: babies out of wedlock). If you ask me that is being a hypocrite”
I knew you would bring up out of wedlock. Salvation comes from accepting Jesus Christ as your savior. It is not earned. We all fall short. Being Christian does not mean one is perfect. Newt has a gay daughter. He loves her very much. Do you want Sarah and Newt to dis-own their daughters ?
That is not Christian or Biblical. God loves us and we love others. I do not wish to sleep with a man, but I have christian love toward them. I have gay frends. He without sin cast the first stone.
Hypocrite, no. Human yes. A Congressman who one day is against cutting medicare and next day for it, that is hypocrite.
“If you are going to dislike someone because their sexual preference is a violation of your religious beliefs you must then also be against all other violations of your religious beliefs such as pre-marital sex (hint: babies out of wedlock). If you ask me that is being a hypocrite. ”
Who said she dislikes someone because of their sexual preference. You are taking a gigantic jump in conclusion. Enforcing law is not showing hatred to gays.
“Sara Palin: No state health care for gays because they are an abomination but my children can have babies out of wedlock and they should get state health care because, well, she’s my child”
Not a honest characterization, as I have explained.
“She does not want to try and make nice with our enemies, I think we should make nice with the world. She is a fan of guns, I am NOT a fan of guns. I’m one of those, “Guns don’t kill people, people with guns kill people, don’t give people guns” type of person. Perhaps back when people needed guns to catch their food, guns were much more of a necessity but now that is not the case. Using guns for sport, well, that is not my cup of tea. I am NOT for killing animals for sport/entertainment. No, I’m not a Daoist but I do have a bit of respect for animals. Nah, I’m not a strict vegan or anything but I don’t purchase foods with animal products, but if served I will eat it”
You have your right to your opinion. By hunting within the law, survival of animals hunted are actually more fit and weed out animals past the prime. Overpopulation kills. As many cities can provide proof.
Hunters do not leave their meat in wood to rot. They eat it or give to feed the poor. Food kitchens in my city is well provided for. Thanks to hunters, deer population in Missouri has been managed and deer population has come back from very low numbers. Management is provided by Conservation department.
“Just as you are afraid of Obama and his beliefs about health care, the economy, and foreign policy, I am afraid of Palin and her beliefs.”
I have reasonable proven reasons to not want this economics of his. Spending does not get us out of recession. Lowering taxes and smaller government brings in more revenue to government by creating business growth and employment. Thus more revenue for government.
Government does not know how to handle social programs,look at social security and medicare. Other Countries like England are way over budget and drastically cutting benefits. You must have seen those comments with proof provided.
Obvious you have your right to you beliefs.
Simple saying I don’t like, isn’t much. See how I answer you. I did not simple say,,I think you are wrong.
Palin daughter is covered evidently by Sarah’s State plan.(guess) If grand daughter is covered by the plan, then it would pay. Rules of plan determines. No special exception. If gay marriage is not covered, then no special exception.
“She does not want to try and make nice with our enemies, I think we should make nice with the world.”
I want to make nice with you. So you must believe as I do.
HMMMMM……I could have sworn I heard trumpets from up high blowing?
DDMao
Have you noticed as Obama’s decisions become less tolerable to defend, religion not politics becomes focus point of our opposition ?
Bill…..The’ve made it clear they don’t wish to defend nor debate but mearly to express their opinion so why waste our time.
You do make a fine point however where they seem to be trying to take the high road and looking like a moderate when no defense is available.
DDMao
Have you noticed as Obama’s decisions become less tolerable to defend, religion not politics becomes focus point of our opposition ?
Wow. First off, I am not your opposition. Oh and are you opposition really talking about religion, or was I? I hold firm on what I like and what I dislike about the Obama Administration. Nothing has changed on my end.
You do so well sometimes Bill and other times you make lame assumptions about win/lose left/right, and so on.
Palin and I still have our differences and I would still NOT vote for her because of them. I never said she was evil, I simply pointed out the fact that she as many as against things like abortion and homosexuality and aim for policy against them (in my “opinion” because I am not sure of the fact) due to their religious beliefs, but do not create policy against other things such as out-of-wedlock children which is also a violation of the same type of religion.
I myself belief that children out of wedlock deserve health benefits as do same sex couples, and I am for abortion. As you said, we’re all entitled to our opinions and I believe we should be entitled to our beliefs as well.
http://atheism.about.com/.....merica.htm states that 12% of americans in 2004 are Atheist.
https://www.cia.gov/library/publications/the-world-factbook/geos/US.html
Religions:
Field info displayed for all countries in alpha order.
Protestant 51.3%
Roman Catholic 23.9%
Mormon 1.7%
other Christian 1.6%
Jewish 1.7%
Buddhist 0.7%
Muslim 0.6%
other or unspecified 2.5%
unaffiliated 12.1%
none 4% (2007 est.)
How do we respect the religious beliefs of Atheists?
How can we outlaw gay marriage? On what grounds should it be outlawed? Why vote on it? Do we vote of the right for various religious groups to preform their rites of passage?
I understand many people believe that Abortion is the murder of a living individual. What about before 8 weeks when the undborn is still simply an embryo. Which is commonly ejected by the mother as a miscarriage which happens 10-25% of all pregnancies according to
http://www.americanpregna.....riage.html
Many hospitals can not even keep a fetus alive before 20 weeks gestation, which happens to be the earliest my hospital keeps a baby alive. The above mentioned websites also uses the spontaneous abortion of a fetus before 20 weeks as a miscarriage.
So if a baby is not commonly a viable living organism before 20 weeks then how is it murder? I will even go to say lets make the standard 10 weeks, half of the common viable gestation stage. At 10 weeks we can not call it murder by medical standard in the United States. What are other excuses? Religion? Well lets not go there because when I do I am called names and told to go to a nice quiet bible study.
So for Palin to be against Abortion alone is good enough reason for me to NOT want to vote for her. Not simply because it’s one important topic but its her ability to decide what is right and what is wrong based on 1 example. If she can not defend her belief in banning abortion to make me say, “Oh, good point” then I am sure she can not do so on other topics, such as hunting for sport, allowing people to have guns in their home simply because they like guns, not recognizing the union between same sex couples, and not taking a serious stand against pollution which I believe not only has negative effects on Ozone, ect.
Again, I am not saying she is a bad human being, just saying we believe in different things and I’d rather vote for someone who believes in what I believe in. Even further I will never be too worried about who is voted into office. Life is all entertainment to me anyhow. We can’t expect life to be perfect, we can make the best out of the hand we’re dealt until death becomes us.
DDMao
Have you noticed as Obama’s decisions become less tolerable to defend, religion not politics becomes focus point of our opposition ?
Wow. First off, I am not your opposition. Oh and are you opposition really talking about religion, or was I? I hold firm on what I like and what I dislike about the Obama Administration. Nothing has changed on my end.
You do so well sometimes Bill and other times you make lame assumptions about win/lose left/right, and so on.
Palin and I still have our differences and I would still NOT vote for her because of them. I never said she was evil, I simply pointed out the fact that she as well as many other are against things like abortion and homosexuality and aim for policy against them (in my “opinion” because I am not sure of the fact) due to their religious beliefs, but do not create policy against other things such as out-of-wedlock children which is also a violation of the same type of religion.
I myself belief that children out of wedlock deserve health benefits as do same sex couples, and I am for abortion. As you said, we’re all entitled to our opinions and I believe we should be entitled to our beliefs as well.
Atheist About Dot Com (cant past links without moderation)states that 12% of americans in 2004 are Atheist.
CIA Dot GOV’s The World Factbook page has this breakdown of the United Sates Religions (Again, cant past the exact link but it should be easy to find.)
Religions:
Field info displayed for all countries in alpha order.
Protestant 51.3%
Roman Catholic 23.9%
Mormon 1.7%
other Christian 1.6%
Jewish 1.7%
Buddhist 0.7%
Muslim 0.6%
other or unspecified 2.5%
unaffiliated 12.1%
none 4% (2007 est.)
How do we respect the religious beliefs of Atheists?
How can we outlaw gay marriage? On what grounds should it be outlawed? Why vote on it? Do we vote of the right for various religious groups to preform their rites of passage?
I understand many people believe that Abortion is the murder of a living individual. What about before 8 weeks when the undborn is still simply an embryo. Which is commonly ejected by the mother as a miscarriage which happens 10-25% of all pregnancies according to
American Pregnancy Dot Org (cant post link without moderation)
Many hospitals can not even keep a fetus alive before 20 weeks gestation, which happens to be the earliest my hospital keeps a baby alive. The above mentioned websites also uses the spontaneous abortion of a fetus before 20 weeks as a miscarriage.
So if a baby is not commonly a viable living organism before 20 weeks then how is it murder? I will even go to say lets make the standard 10 weeks, half of the common viable gestation stage. At 10 weeks we can not call it murder by medical standard in the United States. What are other excuses? Religion? Well lets not go there because when I do I am called names and told to go to a nice quiet bible study.
So for Palin to be against Abortion alone is good enough reason for me to NOT want to vote for her. Not simply because it’s one important topic but its her ability to decide what is right and what is wrong based on 1 example. If she can not defend her belief in banning abortion to make me say, “Oh, good point” then I am sure she can not do so on other topics, such as hunting for sport, allowing people to have guns in their home simply because they like guns, not recognizing the union between same sex couples, and not taking a serious stand against pollution which has a negative effects on Ozone, wh
Again, I am not saying she is a bad human being, just saying we believe in different things and I’d rather vote for someone who believes in what I believe in. Even further I will never be too worried about who is voted into office. Life is all entertainment to me anyhow. We can’t expect life to be perfect, we can make the best out of the hand we’re dealt until death becomes us.
Kendale
“Palin and I still have our differences and I would still NOT vote for her because of them. I never said she was evil, I simply pointed out the fact that she as well as many other are against things like abortion and homosexuality and aim for policy against them (in my “opinion” because I am not sure of the fact) due to their religious beliefs, but do not create policy against other things such as out-of-wedlock children which is also a violation of the same type of religion.”
I answered most of this today so won’t go into detail again.Many times we have stated on this site that Conservatives general believe State where decision on abortion should be decided not by Supreme Court. Sarah enforces the law of the State. Attorney General tells her the law. Her personal opinion has nothing to do will it. You can not say she hates gays, you don’t know.
“You do so well sometimes Bill and other times you make lame assumptions about win/lose left/right, and so on.”
I have told you before, when you make a blanket statement like this I can not answer. Give a quote of mine that shows what you mean.
“How can we outlaw gay marriage? On what grounds should it be outlawed? Why vote on it? Do we vote of the right for various religious groups to preform their rites of passage”
That’s the law. Rites of passage in America is genera 18 when they become legal. Frankly you lost me on this. Don’t get your logic. Sorry
“I understand many people believe that Abortion is the murder of a living individual. What about before 8 weeks when the undborn is still simply an embryo. Which is commonly ejected by the mother as a miscarriage which happens 10-25% of all pregnancies according to
American Pregnancy Dot Org (cant post link without moderation)”
Cann’t compare miscarriage to abortion. The first is not man caused. I peersonal am aginst abortion after 12 weeks. Now there is on two places that will perform.Before 12 weeks doctor can abort for problems. With some exceptions. Not 60,000 like the Doctor who was recently killed.
“Many hospitals can not even keep a fetus alive before 20 weeks gestation, which happens to be the earliest my hospital keeps a baby alive. The above mentioned websites also uses the spontaneous abortion of a fetus before 20 weeks as a miscarriage”
Sounds like a natura thing,,Guessing.. So really should be part of this discusion. Act of God.
“So for Palin to be against Abortion alone is good enough reason for me to NOT want to vote for her. Not simply because it’s one important topic but its her ability to decide what is right and what is wrong based on 1 example. If she can not defend her belief in banning abortion to make me say, “Oh, good point” then I am sure she can not do so on other topics, such as hunting for sport, allowing people to have guns in their home simply because they like guns, not recognizing the union between same sex couples, and not taking a serious stand against pollution which has a negative effects on Ozone, wh”
I bet she belies as I do that t is up to State to decide if abortion is legal in their State, as Constitution has it set up.
You mentioned many things that are act of God and not abortion. Maybe you can read this and the other comment I wrot earlier today. I feel you are mixed up somewhat.
I discussed guns in another comment today.
“and not taking a serious stand against pollution which has a negative effects on Ozone, wh”
Somes years back news came out and said there was a big hole in the ozone layer. I was working in health department at the time. I talked to guy in change of that stuff. He laughed and explained…
Turns out they just put up statilite. Old one ddid not measure “0″. You see that hole coud have existed from the beginning.Earth and man manufature ozone. Which rises. Did yu know that.
D.D.Mao Jun 16th, 2009 at 11:25 pm
“Bill…..The’ve made it clear they don’t wish to defend nor debate but mearly to express their opinion so why waste our time”
Know you say entertament.
This will probably be my last long comment to you. Play cards with a co-workes. I need to get up early and day trade.
D.D.Mao Jun 16th, 2009 at 11:25 pm
“Bill…..The’ve made it clear they don’t wish to defend nor debate but mearly to express their opinion so why waste our time”
they? I thought I said that, not a group of people.
Did you hear that?…..There go those darn trumpets again!
DDMao
Maybe if I don’t waste my time answering a soild wall, he will do something at work. Show his love for those patients that he has.
He’s lucky, I never had hours to play on computer and study on my jobs.
My boss was mean and greedy ??
DDMao
What monkey sees monkey does (repeats)
Yes, “There go those darn trumpets again! “
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“Beijing’s ‘Buy China’ Order Could Prompt an Escalation in Protectionism”
By Jason Simpkins
Managing Editor
“After denouncing a U.S. effort to incorporate a “Buy American” clause in its stimulus package, Beijing has introduced a new “Buy China” policy as part of its $585 billion economic stimulus program. The move has sparked outrage among China’s trade partners and could lead to a surge in protectionist measures around the world.”
“Government investment projects should buy domestically made products unless products or services cannot be obtained in reasonable commercial conditions in China,” says the June 1 edict, which was issued by the country’s chief planning body in conjunction with eight other government agencies. “Projects that really need to buy imports should be approved by the relevant government departments before purchasing activity starts.”
I could have warned you President. Same for Congress members. But we were not allow to read bill becfore signed. And no 5 days reading before signing.
Way to go Obama bum.
Link will not post. Title and Autor given