(06-17-2009 04:47 PM)DrTorch Wrote: Maybe it's just the limited things I read, but I don't see as much resistance coming on Cap and Trade. I can't explain it, may be there isn't just a single reason. I think some folks are duped by the complexity and vagueness. Also there's sort of a distance between it and them..."It won't affect me directly"
Health care is split, as usual. If the real numbers come out, it should kill it. But there are still people who see those numbers and think it's great. Math illiteracy.
Immigration? That gets snuck thru a lot. And w/ the Pelosi's and Feinstein's being in the most affected states, I'm not sure it won't go thru.
When the Carbon Tax kicks in and a person's power bill triples, people will go beserk.
But here is a very good reason to cut back on Federal Spending....
China sells US bonds to 'show concern'
A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.
China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar," He Maochun, a political scientist at Tsinghua University, told the Global Times.
According to US Treasury data issued Monday, Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March.
It was the first month since June 2008 that Beijing failed to purchase more US T-bills.
Zhang Bin, a researcher at the Chinese Academy of Social Sciences, said China's move showed a more cautious attitude.
"It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward US Treasury bonds," Zhang told Xinhua news agency.
China's foreign ministry said Tuesday that its purchases of US Treasuries remained based on "security, liquidity and value preservation".
http://www.breitbart.com/article.php?id=..._article=1