How Are We Different Than Communist China, Again?
Conn Carroll /
Barack Obama pushes for a $500 billion stimulus.
Communist China announces a $586 billion economic stimulus.
Barack Obama is pushing for a government bailout of U.S. auto makers conditioned on putting “a government representative on the boards of rescued auto makers, to ensure they hew to conditions attached to the loans, including the rapid development of a more fuel-efficient fleet of vehicles.”
In communist China, car companies “are looking for more government grants to help them develop hybrid gasoline-electric cars and other cutting-edge technologies.”
The free world properly labels China as “Authoritarian Capitalists.” Barack Obama adviser David Bonior says the U.S. needs to adopt “enlightened capitalism.”
What exactly is the difference?