Replies to post #7298 on Strattner Financial Group (SCNG)

[billibob]

IMO china could care less what we do with the money. They bought government bonds. They didn't just hand it over, and with a smile and a hand shake tell us what to do with it. They just don't want us to tank, because if we tank, they tank. China needs the U.S. economy to buy all the cheap crap they make [that used to be made here] so that their economic expansion can continue. IMO china could give a damn about us. If we ever default on them........ wow, we are screwed.

[tdarwin]

The stimulus package has been a huge failure. Even Biden admitted it. The thing that is going to make this economy worse is the nationalized health care, the cap and trade bill, and the continued government involvement in the private sector.