Financial Worries Have Implications for US/China Relationship

Shlapentokh, Dmitry, The World and I

The American press has, of course, responded to the present US financial crisis. Most observers--and they present the views of both Obama, his conservative opponents, and, consequently, the majority of Americans--suggest that the "fundamentals" are good, the US economy is basically sound and that just small changes are required to push her ahead.

This sort of view, held by both Democrats and Republicans leaders, their economic advisors, and what seems to be a majority of US economists, was translated into recent actions. The economic stimulus checks, usually a few hundred dollars, quite a paltry sum for the majority of Americans, would insure that the US would not lapse into recession. Obama proceed in the same way on grand scale and pump billions in economy. Still, increasing numbers of observers, even from the most respectable American publications, began to present the US economy in the blackest color. But, in any case, they believe the US economy would follow the usual business cycle and after a certain period of decline would return to its past glory.

An article in the conservative Wall Street Journal, the …

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Publication information: Article title: Financial Worries Have Implications for US/China Relationship. Contributors: Shlapentokh, Dmitry - Author. Magazine title: The World and I. Volume: 25. Issue: 11 Publication date: November 2010. Page number: Not available. © 1999 News World Communications, Inc. COPYRIGHT 2010 Gale Group.

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