Orville Schell: The Chinese Scratch Their Heads When They Look @Teabaggers Like Peter Schiff

When Paul Jay asks Orville Schell in this interview what he reckons the Chinese are thinking when they look at this austerity - stimulus debate in the US, Schell gives one of the best answers ever. He says:

"I think China and the rest of the world have a lot of catching up to do to figure out whats going on in America with these Tea Party people - where do they come from? What is this all about?
In their view, how in the name of heaven has America, Land of Reason, Freedom, Scientific Thinking, Rationality - how has it been seized by these people who believe none of these things.
...and the Chinese really don't understand this well - they scratch their heads, look at us and they need a lot of help, as many Americans do, to understand what is happening to this great country.

Bravo, Professor Schell - 110% spot on. Btw. Schell also refutes most of the idiotic stuff Peter Schiff has to say about the US - China trade relationship.


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[disclosurenow9]

Buying US debt made sense for China - gives them leverage over the US govt and enabled US to continue buying Chinese products resulting in full Chinese employment so less likely to revolt. Chinese investment in US = the extraction of raw materials which are shipped across the Pacific wasting billions of gallons of fuel - turned into junk sweatshop products and shipped back across the Pacific to the US and sold for inflated prices at minimum wage big box stores. What's wrong with this picture?

[silvermaniamania1]

tea party thinks america's economy is based on small business! WOW!! XD