Showing posts with label stimulus program. Show all posts
Showing posts with label stimulus program. Show all posts

Friday, October 22, 2010

Yellow peril in conservative attack ad


James Fallows thinks that `the Chinese are coming!' TV spot below is non-chauvinistic, legitimate electoral play (a two minute
Gibbons-esque agit prop piece) - even though the facts it asserts are completely wrong.  The Chinese government in fact put construction of high speed inter-city rail at the heart of their anti-recession strategy.
 

Chinese bullet trains - Wuhan to Guanzhou in 3 hours at 380 kmh


As Fallows notes "The ad has the Chinese official saying that America collapsed because, in the midst of a recession, it relied on (a) government stimulus spending, (b) big changes in its health care systems, and (c) public intervention in major industries -- all of which of course, have been crucial parts of China's (successful) anti-recession policy."