Monday, August 1, 2011

America's messy deal that resolves nothing

“The juvenile political brinkmanship that we have witnessed has damaged America’s reputation around the world,” said the Daily Telegraph. “In washing its dirty linen so publicly, it has revealed the fragility of what, for the best part of a century, has been the planet’s mightiest economy. It is a sobering moment. We have been shown in the most lurid detail that while its great rival China sits atop a mountain of cash, America sits on a mountain of debt.”

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