By Robert Scheer
"The Chinamen did it. In the great American tradition of finding foreign scapegoats for our problems, the hunt is on to somehow hold China responsible for the misery that Wall Street financiers inflicted upon the world. Even the normally restrained New York Times editorial page argued Tuesday that China’s tying its currency to the dollar was a devious trick that “is exacerbating economic weakness around the globe.”
Tell that to the shoppers at Wal-Mart and Costco who are managing to stay decently clothed while still affording some of the diversionary electronic trinkets that keep them from going crazy-mad at the bankers who cost them their jobs and homes. How absurd to blame China for a crisis brought on by Wall Street hustlers operating within a mile of the Times’ home office. The bankers’ greed was unleashed by a radical deregulation of the financial industry that the newspaper had once encouraged.....
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