Diary

Being Schooled In Economics By China. Sigh.

I am not an economist, but this headline is just too ironic to pass up without notice.

China’s February auto sales jumped after China passed tax cuts to help the auto industry avoid a slumping market. The Chinese government halved retail taxes and auto sales jumped 25% and the Chinese remain optimistic about their long term forecast. Obama and his team of supermen are being outmaneuvered by Red China. This is beyond surreal. This is bizarro world territory. There really isn’t much more one can say.

Ironic. Funny. Sad.