Fiscal fitness: America is too fat
Jan 13th, 2010 | By Andrew Snyder | Category: Notes From the Investment UndergroundWhat’s worse than having Wall Street kingpins like Bernanke and Geithner in charge of America’s economic future? China taking the reins, that’s what.
While Washington’s all-powerful ego may have our leaders believe they still control our fiscal fate, they lost that power long ago. Now, the Fed and the Treasury may dictate who gets what, but China decides how much and when.