Yes, WE are the largest holder of our debt, China is the LARGEST foreign holder... China currently has 1 trillion.. round a bouts. And again, putting a spin on it.. Romney NEVER stated we OWE most of our debt to China, so how is that a lie?? HE implied borrowing money from CHINA to SUPPORT PBS! be objective!
Some people have such a hatred or dislike for a political affiliation or a person that they close off their minds and don't think objectively.. That's one of the major reasons why there will never by any bi-partisan cooperation.. Both sides have valid points regarding various topics and issues.. But people think I'm Republican so it's Republican or nothing.. Or I'm Democrat, to hell with Republicans and they're thinking.. BE OBJECTIVE!
In your discussion of Romney's comment about Big Bird, many of you have missed the forest for the trees. At a most basic level, Romney tapped into the anti-Chinese sentiment, which has been fanned and flamed by Democrats and Republicans, alike, as well as the AFL-CIO, at least since 2004. This sentiment is nothing more than a simplistic, pseduo-nationalist argument that attempts to present the woes of our economy in general, and deindustrialization in particular, in
populist terms. Presented in this way, anti-Chinese rhetoric directs attention away from the core tenet of
capitalism: the search for cheap land and cheap labor. Today, China is the penultimate source for both. Tomorrow it will be Mexico and politicians will articulate anti-Mexico sentiment for "stealing American jobs" (and I guarantee NAFTA won't be mentioned, either).
Of course, Romney's anti-Chinese rhetoric should not be confused for a deep sense of patriotism. After all, Romney's offshore accounts in tax havens is just one example of Romney's identity as "an
archipelago man," in the words of Matt Taibbi.
There is also a deeper meaning behind Romney's PBS comment. To the extent that he actually has a set of core values,
privatization is undoubtedly one of them. As evidenced by he and Ryan's voucher plan for Medicare and Romney's career as a private consultant for Bain Capital, he simply does not believe that the United States should possess collective ownership of any service to Americans, even though PBS's localized structure is in part member supported. In his world, "free people," "free enterprise," and the "free market" are sanctified. Obama also drank from the well of
neoliberalism, but not nearly as much as the governor.
The problem with Romney's analyses is that he is totally ignorant of
political economy. Indeed, its not about
if government shapes markets, but
how. In lambasting the size of the federal government, in presenting arguments about the excessive role of government in the lives of Americans in cold war terms, people like Romney ignore the ways in which government has always subsidized capitalist enterprise, be it railroads in the Pacific west or defense plants in the Sunbelt.