China’s holdings of U.S. property and U.S. securities have increased due to our low savings rate, out of control deficit spending, and progressive laws that allow foreigners to purchase massive assets in our country.
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“I must confess, when I see anyone with an Obama 2012 bumper sticker, I recognize them as a threat to the gene pool.” Allen West
Yesterday I saw a new bumper sticker in Maryland, “Obama cares.” President Obama and his administration must care a whole lot – they love to spend so much money that we are running up a projected fifth year of $1 trillion deficit spending.
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