Teaching China

China has been looking-up to the U.S. as an example, as a "teacher." The good, old U.S.A. is a wonderful model to follow, if it practices what it was founded on. Too bad that hasn't been the case as of late. It's really quite unfortunate. China has also been funding a lot of our debt. I think that our government has actually been afraid of losing their confidence, thus losing their funding. That is a big reason why they bailed-out Fannie Mae and Freddie Mac. It is becoming more and more apparent that the United States economy has been running on "ridiculous" practices that cannot be sustained. Our student, China, is learning, but has our example been good or bad? Look what they're saying now. Click here.