Red Chinese Laugh at Obamanomics

"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home."

That wasn't "skepticism", darling Reuters. That was derision. They know he's lying. And they're not ObamaZombies, willing to believe any absurd fantasy just because it issues from the Dear Leader and his stooges.

So much for ZerØ's vast influence upon the World, and the instilling of confidence by virtue of his own greatness.

TurboTax Geitner has just come face to face with grownups, living in the real world of economics outside his little Progressive Blue Bubble—in the form of Chinese Students.

And he can't even pin their response on Rush Limbaugh.

Must be quite a shock.

Read the article here.

The Gunslinger