What's up with conservatives talking about Chinese treasury holdings?
June 5, 2011 8:15 AM Subscribe
Can somebody explain the current conservative talking point "China Has Divested 97% of Its Holdings In U.S. Treasury Bills" to me? Is this simply false, or is it creative statistics, or what?
posted by mindsound to society & culture (7 answers total) 4 users marked this as a favorite
My Dad mentioned this story to me in the context of his usual carping about how my grandchildren's grandchildren will still be paying for Obama's financial irresponsibility etc. etc. etc. When I searched for related news
it seems like all these right wing sites are parroting the exact same story with no context. It seems telling to me that they all use that exact 97% figure. I'm too politically ignorant to get what's going on here. Did China even divest these securities? I can't find any confirmation elsewhere but I don't really know where to look. Does it really matter if they did? Why is this so important to right wingers?