Obama sells old ideas as new – USATODAY.com
"Everybody's watching what's going on in Beijing right now with the Olympics," Obama said while campaigning in 2008.
"Think about the amount of money that China has spent on infrastructure. Their ports, their train systems, their airports are all vastly superior to us now, which means if you are a corporation deciding where to do business you're starting to think, 'Beijing looks like a pretty good option.' "
First of all, that's nonsense.
Our infrastructure is vastly superior to China's.
For instance, we have more than 11 times as many airports with paved runways as they do. China's Olympic stadium is falling apart, unused today.
Far more disturbing is the fact that Obama looks at the huge economic strides made in China since it adopted market-based reforms and concludes that what we should learn from the communists is to drop more money on vast state-run boondoggles.
That's just weird.
No comments:
Post a Comment