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Thread: Meet Your New Superpower Dictator-In-Waiting

  1. #1

    Default Meet Your New Superpower Dictator-In-Waiting

    ASIA NEWSOCTOBER 19, 2010
    China Anoints Its Next Leader
    By JEREMY PAGE

    BEIJING—China's Communist Party appointed Vice President Xi Jinping to a key military post, cementing his status as heir apparent to president and party chief Hu Jintao and removing much of the uncertainty surrounding the country's leadership succession.

    The appointment comes at a pivotal time for China as its economic and military might grows. Many inside and outside the party will now be looking for signals as to whether Mr. Xi stands closer to Premier Wen Jiabao and others who appear to be pushing political reform, or to more conservative leaders, thought to include President Hu.

    . Xi, the 57-year-old son of a revolutionary hero, was appointed a vice chairman of the party's Central Military Commission at a secretive annual party meeting in a hotel in Beijing that ended Monday. The commission controls China's two-million-strong army and is headed by Mr. Hu, who is due to step down as Communist Party general secretary in 2012 and as president in 2013.

    Mr. Xi, who is married to a hugely popular folk singer, is among a generation of Chinese leaders who grew up during China's traumatic Cultural Revolution and whose careers have coincided with the country's meteoric rise since economic reforms were launched in 1979.

    A portly figure sometimes criticized for lacking charisma, Mr. Xi has maintained a low public profile, though on a visit to Mexico last year he openly mocked foreign attitudes toward China.

    "Some foreigners with full bellies and nothing better to do engage in finger-pointing at us," he said. "First, China does not export revolution; second, it does not export famine and poverty; and third, it does not mess around with you. So what else is there to say?"

    Yet the appointment yields few clues as to how Beijing will ultimately move to address rising tensions—domestic and international—over questions such as what political freedoms to allow, what responsibility to take for climate-change issues, or how much to let its currency respond to market forces. In some crucial ways, the next face of China is a blank slate.

    Still haunted by memories of the personality cult surrounding Mao Zedong's leadership, and the political convulsions that accompanied the handover of power around his death in 1976, China now actively seeks to avoid emphasis on its leaders' personalities by stressing a collective leadership.

    It has also been in Mr. Xi's own interest to keep a low profile. Behind the façade of unity among leaders, jockeying for power is intense. For ambitious bureaucrats like Mr. Xi, passage to the top can easily be derailed; that encourages them to mask their personal views, build consensus and avoid taking risks, particularly in their dealings with foreigners.

    Senior U.S. officials said they viewed Mr. Xi as a moderate who is well briefed on the U.S.-China relationship. They said that like many of China's senior leaders, he was difficult to read, though they said he appeared very engaged on key economic and strategic issues involving China and the world.

    Mr. Xi has long been seen as a potential heir to Mr. Hu, but was passed over for promotion to the commission this time last year, leading to speculation he had fallen out of favor.

    His promotion now clearly marks him out as the pre-eminent member of a new generation of leaders. Unlike the present generation, who are mostly engineers and scientists, the new crop have relatively diverse academic backgrounds, including social scientists, lawyers and a historian.

    Cheng Li, an expert on Chinese politics at the Brookings Institution, said there were concerns in the broader Party last year that Mr. Xi wasn't promoted because of a leadership struggle or a push to introduce a more democratic succession.

    "The fact that he has got the job shows that the political establishment wants to have the succession go as smoothly as possible," said Mr. Cheng. He said that the leadership also wanted to give Mr. Xi more time and experience on the top Party bodies. Mr. Hu had been on the Standing Committee for 10 years before he became Party chief. Mr. Xi has been on it only since 2007.

    The appointment makes Mr. Xi only the second civilian on the Military Commission after 67-year-old Mr. Hu, who was promoted to the same post when he was vice president in 1999, three years before becoming party chief.

    Mr. Xi and other incoming leaders have been scarred by traumatic experiences as children growing up during the Cultural Revolution of 1966-1976, a reign of terror during which many of China's intellectuals were sent to prison or the countryside.

    "I ate a lot more bitterness than most people," Mr. Xi said in a 1996 interview cited in China Parenting Magazine. He said he was imprisoned four times and called names such as "son of a b—" and "reactionary student."

    But his generation of leaders also has had greater exposure to Western ideas than its predecessors did.

    Attention is now focused on who will replace the seven of nine members of the Standing Committee who are due to retire at the next Party Congress in 2012.

    The question has been building in importance as the party has been caught up in an intense and unusually public debate about its future ever since Mr. Wen—who is 68 and one of those due to retire in 2012—made a surprise appeal for political reform in August.

    Mr. Wen is widely expected to be succeeded by current Vice Premier Li Keqiang, who was once seen as another potential candidate for the top spot.

    Some leaders are thought to favor limited internal reforms to make the authoritarian government more responsive to the needs of an increasingly complex society, while others fear that any such moves could unleash social unrest and eventually topple the party.

    What is clear from Mr. Xi's biography is that he has always remained loyal to the Party—in contrast to his father, who was accused of disloyalty in 1962 and went on to condemn the 1989 crackdown on pro-democracy protests around Tiananmen Square.

    That debate has grown more intense since Liu Xiaobo, a jailed Chinese dissident, won the Nobel Peace Prize early this month, and after a group of party elders wrote an open letter calling for media freedom last week.

    The country's new assertiveness on the international stage has also raised questions among anxious Asian neighbors about how the Party intends to exercise its new power. Mutual suspicions still roil China's relations with the U.S.

    "People within the government and elsewhere are going to want [Mr. Xi] to articulate his vision for the Party and its relationship with the armed forces," said Russell Leigh Moses, a Beijing-based political analyst.

    Mr. Xi has been raising his profile internationally in the past few years, meeting President Barack Obama on his visit to Beijing last year, as well as Russian Prime Minister Vladimir Putin, and several other foreign leaders, this year.

    The State Department's top economic official, former Goldman Sachs executive Robert Hormats, has met with Mr. Xi twice this year, according to U.S. officials. And Mr. Hormats attended a speech Mr. Xi gave last month at an investment forum in Xiamen, where the Chinese official talked about the need for Beijing to continue its economic-reform program.

    "I was impressed with the keynote address," which has "received too little attention in the United States—and yet it has potentially significant implications for Chinese investment and reform policies," Mr. Hormats told a Washington conference this month.

    Mr. Hormats added that Mr. Xi "stressed China's 'going-global' strategy and noted that China is now in a new phase of reform and opening-up."

    Mr. Xi's appointment to the Military Commission was announced at the end of a four-day meeting of the Party's Central Committee—consisting of its 371 most senior leaders—to chart China's economic and political course for the next five years.

    The meeting approved China's next five-year economic development plan, due to start in 2011. The plan, which straddles the leadership transition, promises to continue the present administration's focus on ensuring more equitable and sustainable growth. It will stress domestic consumption, in part by raising wages, after years of economic growth led by exports and investment.

    A communique published by the state-run Xinhua news agency also pledged to make "vigorous yet steady efforts to promote political restructuring," but gave no details about what that would entail or how fast it would progress.

    http://online.wsj.com/article/SB1000...101416204.html
    Interesting to watch recent events in China. The PM made a number of remarks calling for political reform and found himself censored by the state media. But what I really wonder is how the emerging leadership feels about these issues. They aren't necessarily blind to the problems China faces, but they are also wedded to a system that is full of its own inertia -- and unpredictability.

    Some expected the current president of China to be a secret liberal, when in fact he has been quite fond of garden variety political repression. Yet the direction China needs to go has only gotten clearer. Which makes me think that, underneath all the repression, the growth of economic stakeholders is changing China as much as new political leaders are.

  2. #2
    Well, more about Chinaaaaaa

    October 19, 2010
    China Said to Widen Its Embargo of Minerals
    By KEITH BRADSHER
    HONG KONG — China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of those materials to the United States and Europe, three industry officials said on Tuesday.

    The Chinese action, involving rare earth minerals that are crucial to manufacturing many advanced products, seems certain to further intensify already rising trade and currency tensions with the West. Until recently, China typically sought quick and quiet accommodations on trade issues. But the interruption in rare earth supplies is the latest sign from Beijing that Chinese leaders are willing to use their growing economic muscle.

    “The embargo is expanding” beyond Japan, said one of the three rare earth industry officials, all of whom insisted on anonymity for fear of business retaliation by Chinese authorities.

    They said Chinese customs officials imposed the broader restrictions on Monday morning, hours after a top Chinese official summoned international news media Sunday night to denounce United States trade actions.

    China mines 95 percent of the world’s rare earth elements, which have broad commercial and military applications, and are vital to the manufacture of products as diverse as cellphones, large wind turbines and guided missiles. Any curtailment of Chinese supplies of rare earths is likely to be greeted with alarm in Western capitals, particularly because Western companies are believed to keep much smaller stockpiles of rare earths than Japanese companies.

    China experts said on Tuesday that Beijing’s assertive stance on rare earths might also signal the ascendance of economic nationalists, noting that the Central Committee of the Communist Party convened over the weekend.

    Officials at the media relations office of China’s commerce ministry did not respond all day on Tuesday to e-mail or telephone calls seeking confirmation of the expanded embargo.

    A few rare earth shipments to the West have been delayed by customs officials in recent weeks, said industry officials in China, Japan and the United States, but new restrictions on exports appear to have been imposed on Monday morning.

    Industry executives said there had been no signal from Beijing of how long rare earth shipments intended for the West would be held by Chinese customs officials. Nor is it clear if occasional shipments are still being allowed out of the country, or if all shipments have now been suspended.

    Word of the blocked shipments emerged from industry officials on Tuesday after an official China newspaper reported earlier in the day that Beijing planned next year to further reduce its annual export quota for rare earths.

    The signals of a tougher Chinese trade stance come after American trade officials announced on Friday that they would investigate whether China was violating World Trade Organization rules by subsidizing its clean energy exports and limiting clean energy imports. The inquiry includes whether China’s steady reductions in rare earth export quotas since 2005, along with steep export taxes on rare earths, are illegal attempts to force multinational companies to produce more of their high-technology goods in China.

    Despite a widely confirmed suspension of rare earth shipments from China to Japan, now nearly a month old, Beijing has continued to deny that any embargo exists.

    Industry executives and analysts have interpreted that official denial as a way to wield an undeclared trade weapon without creating a policy trail that could make it easier for other countries to bring a case against China at the World Trade Organization.

    So far, China seems to be taking a similar approach in expanding the embargo to the West.

    Wang Baodong, a spokesman for the Chinese Embassy in Washington, said on Tuesday that the Chinese government was putting new restrictions on the mining, processing and export of rare earths to protect the environment. But he said that China was not violating any W.T.O. rules in doing so and that it was not imposing an embargo or trying to use rare earths as a bargaining chip.

    “With stricter export mechanism gradually in place, outbound shipments to other countries might understandably begin to feel the effect,” Mr. Wang said in an e-mail. “But I don’t see any link between China’s reasonable rare earth export control policy and the irrational U.S. decision of protectionist nature to investigate China’s clean energy industries.”

    Nefeterius Akeli McPherson, a spokeswoman for the Office of the United States Trade Representative in Washington, said that American trade officials were looking into the matter, after a report of the Chinese customs restrictions was published on Tuesday afternoon on the Web site of The New York Times.

    “We’ve seen the news report and are seeking more information in keeping with our recent announcement of an investigation into whether China’s actions and policies are consistent with W.T.O. rules.”

    Jeremie Waterman, the China director of the United States Chamber of Commerce, said that he was still checking government and industry sources to learn the extent of a suspension of Chinese rare earth shipments. “If it’s true, it’s disturbing news to say the least,” he said.

    Mr. Waterman said that rare earths were so important to advanced manufacturing that restrictions on their trade might need to be put on the agenda of the Group of 20 meeting of heads of state, scheduled next month in Seoul, South Korea.

    The Chinese government office that oversees rare earth policy, which operated with considerable independence for many years, was moved early last year into the Ministry of Industry and Information Technology. That ministry, formed only two years ago to draft plans for global leadership in many industries, has emerged as a bastion of economic nationalism.

    Despite their name, most rare earths are not particularly rare. But most of the industry has moved to China over the last two decades because of lower costs and weak environmental enforcement there.

    Congress is considering legislation to provide loan guarantees for the re-establishment of rare earth mining and manufacturing in the United States. But new mines are likely to take three to five years to reach full production, according to industry executives, although existing uranium mines may be able to move faster by reprocessing previously mined material, which often contains rare earths.

    China reduced in July its export quota for rare earths for the second half of the year by 72 percent. Exporters had only six weeks’ of quotas left when China imposed its unannounced embargo on shipments to Japan.

    China is considering further reductions of up to 30 percent in its 2011 quotas compared with quotas issued in 2010. Dudley Kingsnorth, a rare earth market analyst at Industrial Minerals Company of Australia in Perth, said that if China further reduced export quotas by 30 percent for next year, manufacturers elsewhere could face difficulties.

    “That will create some problems,” he said. “It’ll force some people to look very carefully at the use of rare earths, and we might be reverting to some older technologies until alternative sources of rare earths are developed.”

    Hiroko Tabuchi contributed reporting from Tokyo.

    http://www.nytimes.com/2010/10/20/bu...al/20rare.html

  3. #3
    Creating a new generation of higher-skilled workers is both a means and an end for China’s ambitious development plan. With wages rising for low-skilled factory jobs, Chinese leaders say they need to expand the base of higher-paying jobs and create the highly trained work force needed to fill those jobs.

    But as China overhauls its education system, it faces a big risk: What happens if the next generation learns to think too far outside the Communist Party's box?
    http://www.msnbc.msn.com/id/39546351...orld_business/

    Followed by China 2.0

  4. #4

  5. #5
    Nice mid-term election propaganda piece there. If we fall it will be because we spread ourselves too thin, trying to be a global Empire. Or that we started thinking of debt as a good way to get ahead, paid off by tomorrow's profits and unlimited growth.

  6. #6
    Yet you vote for the borrow and spend party, Dread. How odd.

  7. #7
    1) The Premier said China was just controlling rare earths for future generations, not embargoing anyone. Dunno if he's in the loop.
    2) The fact that they control 95% of the output doesn't mean that they have 95% of the reserves!

  8. #8
    Seconding AG's remark #2. The reason China's the main source is that they go to the trouble of mining this stuff, which is apparently dangerous. But these elements are abundant in many places around the world. Lets use up China's first, though.

    Also - as I've said before, if humanity's going to survive the next 100 years, we're going to have to give up much of our freedom and democratic style of government. Otherwise we'll destroy ourselves.
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  9. #9
    Commie lover!

  10. #10
    Quote Originally Posted by ']['ear View Post
    Yet you vote for the borrow and spend party, Dread. How odd.
    Both parties are spend and borrow.
    Hope is the denial of reality

  11. #11
    We don't have to do the share the wealth thing if we prefer. We just have to cut back on our freedom and stop choosing leaders by a popularity (+dis-honesty and dirty tricks) contest. No commies need be involved.
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  12. #12
    Frankly, I'm more afraid of people like you, who think you know what people need more than those people than I am of ignorant voters. At least the latter won't undermine the economic and political system in the country. It doesn't help that your stance on most issues is highly partisan and not terribly reasoned out.
    Hope is the denial of reality

  13. #13
    Quote Originally Posted by EyeKhan View Post
    Also - as I've said before, if humanity's going to survive the next 100 years, we're going to have to give up much of our freedom and democratic style of government. Otherwise we'll destroy ourselves.
    This sounds like a thread of its own. Get to writing, totalitarian-monkey
    In the future, the Berlin wall will be a mile high, and made of steel. You too will be made to crawl, to lick children's blood from jackboots. There will be no creativity, only productivity. Instead of love there will be fear and distrust, instead of surrender there will be submission. Contact will be replaced with isolation, and joy with shame. Hope will cease to exist as a concept. The Earth will be covered with steel and concrete. There will be an electronic policeman in every head. Your children will be born in chains, live only to serve, and die in anguish and ignorance.
    The universe we observe has precisely the properties we should expect if there is, at bottom, no design, no purpose, no evil, no good, nothing but blind, pitiless indifference.

  14. #14
    Quote Originally Posted by Nessus View Post
    This sounds like a thread of its own. Get to writing, totalitarian-monkey
    Hello, I wrote a front page article on it.
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  15. #15
    Quote Originally Posted by EyeKhan View Post
    Also - as I've said before, if humanity's going to survive the next 100 years, we're going to have to give up much of our freedom and democratic style of government. Otherwise we'll destroy ourselves.
    Which is more likely to result in you not eating chocolate? If I tell you not to, then punish other people who do, or if you, out of your own rationalized personal choices, decide against it, and society shares these values of yours as well, and helps to reinforce your decision by acting similarly?
    . . .

  16. #16
    Quote Originally Posted by Loki View Post
    Frankly, I'm more afraid of people like you, who think you know what people need more than those people than I am of ignorant voters. At least the latter won't undermine the economic and political system in the country. It doesn't help that your stance on most issues is highly partisan and not terribly reasoned out.
    #1. You should be afraid of me.

    #2. Its not the voters who are the problem, its the circus of lies, manipulation, and money-speech we've made of our election process that virtually guarantees leadership failure.

    #3. Your growth based economic system and the political lap-dog that supports it is one of the many things that, if left unchanged, will guarantee the collapse of civilization inside a hundred years.

    #4. Partisan? Huh? And I've never claimed to have well-reasoned arguments. You're shouting at the wall, man. Now, use your fine reasoning capablities and your coolaide mottled brain to deny the truth of your failed economic system.
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  17. #17
    Quote Originally Posted by Illusions View Post
    Which is more likely to result in you not eating chocolate? If I tell you not to, then punish other people who do, or if you, out of your own rationalized personal choices, decide against it, and society shares these values of yours as well, and helps to reinforce your decision by acting similarly?
    I absolutely will not compromise on chocolate. I'll get it on the black market if I have to.

    In any case, you're (one of) the one(s) that convinced me humanity is doomed, taking into account our current freedoms and the current arc of technological progress. It would be a treat for you to argue against that (your) conclusion.
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  18. #18
    Is that Chinese Chocolate?

  19. #19
    Remind me how command economies worked out. Or what happens to totalitarian systems.
    Hope is the denial of reality

  20. #20
    Quote Originally Posted by EyeKhan View Post
    I absolutely will not compromise on chocolate. I'll get it on the black market if I have to.

    In any case, you're (one of) the one(s) that convinced me humanity is doomed, taking into account our current freedoms and the current arc of technological progress. It would be a treat for you to argue against that (your) conclusion.
    Oh no, I'm not going to argue against my conclusion. It would be ridiculous. I could easily refute any argument I'd make just by pointing out that technologically a single person today can accidentally kill dozens to hundreds, even thousands of people by accident, whereas a few thousand years ago you'd be lucky if you could pull off the same feat purposefully. I just feel that getting people to not want to do something because they themselves don't want to do it is a more successful long term plan than telling them they can't and punishing those who disobey.

    Edit: I also think humanity should be left to determine its own fate. A fascist world government is undesirable, and would be a farce masking humanity's true nature, and if it is the only thing holding humanity back from destroying itself we would eventually be doomed anyway. If the alternative is a free human society that runs itself into the ground, I think it would be better for ourselves, and the universe as a whole to wind down that way.
    . . .

  21. #21
    Quote Originally Posted by Loki View Post
    Remind me how command economies worked out. Or what happens to totalitarian systems.
    It'd be more pertinent if you wrote about mercantilism, trade imbalances, US Treasurys, sovereign debt, or currency wars. As far as our Chinese over lords are concerned.

  22. #22
    Or about the price of strawberries in Vanuatu.

  23. #23
    Quote Originally Posted by Loki View Post
    Both parties are spend and borrow.
    You're wrong

  24. #24
    Quote Originally Posted by ']['ear View Post
    Erm, how exactly does this address the political positions of both parties right now?
    Hope is the denial of reality

  25. #25
    How do you propose that government deal with an existential economic crisis, and how do you extrapolate from a party's policy in time of crisis to their general fiscal policy?

  26. #26
    Quote Originally Posted by ']['ear View Post
    How do you propose that government deal with an existential economic crisis, and how do you extrapolate from a party's policy in time of crisis to their general fiscal policy?
    Drop the ridiculous rhetoric already. I have a bridge to sell you if you think 10% unemployment and low economic growth makes for an existential crisis. Most of Europe had far less generous stimulus packages than us (and Germany had one of the smallest ones), and yet I don't see Europe collapsing. The reality is that this is just a recession, albeit one somewhat more serious than recent recessions.
    Hope is the denial of reality

  27. #27
    Quote Originally Posted by Loki View Post
    Drop the ridiculous rhetoric already.
    Ah, you're a vampire!

    I have a bridge to sell you if you think 10% unemployment and low economic growth makes for an existential crisis.
    Scads of economists of all stripes didn't say in Fall of 2008 that we faced the worst economy since the Great Depression, and that our financial system was at risk of failing?

    Most of Europe had far less generous stimulus packages than us (and Germany had one of the smallest ones), and yet I don't see Europe collapsing.
    So you're saying that Europe is identical to the US?

    And you're saying that the economy would be better today if there had been no bailouts?

    The reality is that this is just a recession, albeit one somewhat more serious than recent recessions.
    So you're saying that there was no risk of failure in our economy, even if the largest banks had failed, and GM had failed (along with one of the biggest lending agencies in the US)?

  28. #28
    Quote Originally Posted by Loki View Post
    Remind me how command economies worked out. Or what happens to totalitarian systems.
    Are you making the argument there is no other possible scheme of economics?
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  29. #29
    Quote Originally Posted by Illusions View Post
    Oh no, I'm not going to argue against my conclusion. It would be ridiculous. I could easily refute any argument I'd make just by pointing out that technologically a single person today can accidentally kill dozens to hundreds, even thousands of people by accident, whereas a few thousand years ago you'd be lucky if you could pull off the same feat purposefully. I just feel that getting people to not want to do something because they themselves don't want to do it is a more successful long term plan than telling them they can't and punishing those who disobey.
    You're talking about motivation, just using a hell of a lot of extra words?

    Edit: I also think humanity should be left to determine its own fate. A fascist world government is undesirable, and would be a farce masking humanity's true nature, and if it is the only thing holding humanity back from destroying itself we would eventually be doomed anyway. If the alternative is a free human society that runs itself into the ground, I think it would be better for ourselves, and the universe as a whole to wind down that way.
    If humanity is run by a fascist government, unless its run by the Klingons or HAL9000, its humanity's determination of its fate, no? Our species has a very long history of the powerful few making the calls for most others. Its only recently we've stumbled on this idea of even having a vote to pick who the powerful few will be and that hasn't worked out all that well. And I think our true nature is.... huh. What do you think our true nature is?
    The Rules
    Copper- behave toward others to elicit treatment you would like (the manipulative rule)
    Gold- treat others how you would like them to treat you (the self regard rule)
    Platinum - treat others the way they would like to be treated (the PC rule)

  30. #30
    Quote Originally Posted by Loki View Post
    Drop the ridiculous rhetoric already. I have a bridge to sell you if you think 10% unemployment and low economic growth makes for an existential crisis. Most of Europe had far less generous stimulus packages than us (and Germany had one of the smallest ones), and yet I don't see Europe collapsing. The reality is that this is just a recession, albeit one somewhat more serious than recent recessions.
    Loki, that contradicts what (practically all) academics and economists have said; that it's not just a serious recession or a business cycle. Europe isn't 'collapsing' but there is a lot of social unrest related to austerity plans. Not for reformation as much as the timing, with economies not recovered yet. Iceland, Greece, France, now it's UK's turn. It's not ridiculous rhetoric to call what's happened a crisis. All political parties admitted that. Our stimulus started under Bush....

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