Geithner "China needs more social programs"

[Joanne98]

Geithner said that while the United States needed to get its budget deficits under control, China will need to strengthen its social safety net in such areas as pensions and health care so that the Chinese will feel more confident about spending more. That is viewed as critical if China is going to transform from an export-driven economy into one driven more by domestic consumption, a change Geithner said was essential to assuring balanced world growth in the years ahead.

http://finance.yahoo.com/news/Geithner-says-Obama-will-apf-15396369.html

They're going to cut ours to make the Chinese feel their money is safe and then they tell China to increase theirs.

[Triana]

1. talk about your ironies and hypocrisy. this is just a clear indication that Geithner...

...does NOT live in the real world. His world is Wall Street - the man has NO sense of reality and thus the irony and hypocrisy of such a statement completely escapes him.

[phantom power]

2. I like that man less and less as time goes by.

[girl gone mad]

3. I didn't think it was possible, but so do I. n/t

[dixiegrrrrl]

4. Translation....

Get China to make its people invest in pensions and insurance, which can be ripped off in 20 years,
and get them to be the new consumers on the planet
so the Corpocracy has fresh blood to drink, now that it has drained the USA dry.
Jeebus...it is like a ravening beast of greed.

[girl gone mad]

5. I hope the Chinese people don't fall for it..

like the dupes in America did.

So far, the Chinese have been fairly resistant to any push to turn them in to mindless indebted consumerbots.

[dixiegrrrrl]

6. Disgusting how blantantly Giethner put it, isn't it?

TPTB have been more and more open/obvious about the truth, have you noticed?