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At what point is China's economy the responsibility of China? I realize we are the major players, but we should have seen it coming.
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Precisely. My contention is simply that Dub-Yah and the "Bush League" in DC got so wound up in selling and prosecuting the "war on terror" that US domestic issues, such as those that have lead to this recession, were not addressed.
The dolts in DC appeared to forget that the world is, for the most part, no longer individual economies any longer. The phrase "Global Economy" gets bandied about quite freely these days. When something goes "ka-blooey" in the US economy, other feel the shockwaves too. How can the US claim leadership in the "Free World" when we let basic issues like economics fail?
There's more to leadership than "chasing terrorists" and bitch slapping Iran.